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At the end of fiscal year 2018, the average annuity paid to career rail employees was $3,525 per month, the average annuity paid for all retired rail employees was $2,815 per month, and the average retirement benefit under Social Security was $1,415 per month.
Your claiming age can have just as big an impact on your monthly benefit as your average earnings. ... Retirement Age. 62. 67. 70. Maximum Monthly Benefit. $2,831. $4,043. $5,108.
Claiming Social Security at 62 would reduce your monthly PIA by 30%; delaying benefits until 70 would increase it by roughly 24% (assuming your full retirement age is 67).
The average benefit at age 70 is around $2,038 per month -- a whopping $740 more per month than the average at 62. If money is going to be tight in retirement, delaying claiming can make your ...
In 2022, the average age when retirees were awarded benefits was 65.2 for men and 65.1 for women, according to the SSA. Among male benefit recipients in that same year, almost half (49.3%) started ...
The earliest you can claim Social Security benefits is 62, but doing so could reduce your monthly benefit by up to 30% (for those whose full retirement age is 67). That said, many people would ...
It's worth pointing out, though, that the average benefit for those who claimed at age 65 was less than the average benefit. The average 65-year-old claiming benefits in 2022 received just $1,874. ...
According to the latest data from the Social Security Administration, the average monthly benefit for someone claiming at age 62 is $1,275. If you look at averages by gender, there's a disparity ...
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