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Age 62 is noteworthy because it's the earliest you can claim Social Security. The trade-off is that your monthly benefit will be reduced by 30%, assuming your full retirement age is 67.
There aren't many social programs in the U.S. that have had as much of a positive impact as Social Security retirement benefits. Since 1961, the earliest anyone can claim Social Security ...
To qualify for SSI, recipients must be 65 or older, blind or disabled, have limited income and resources. According to the Social Security Administration, you cannot “earn more than $1,913 from ...
The earliest you can claim Social Security benefits is 62. In general, claiming benefits before your FRA reduces them by 5/9 of 1% each month within 36 months of FRA.
For more than eight decades, Social Security has been doling out a monthly benefit to retired workers. While this payout isn't making any of the program's beneficiaries rich, it has proved to be a ...
The earliest you can claim Social Security is age 62, but your monthly benefit is reduced based on how far you are from your FRA. If you're within 36 months, benefits are reduced by 5/9 of 1% monthly.
Ages 62, 67, and 70 are key ages in Social Security. Age 62 is important because it's the earliest you can claim benefits; 67 is important because that will be most new claimers' full retirement ...
Image source: Getty Images. There is, indeed, a statistically superior claiming age. Based on the sizable gap in average retired-worker benefits between ages 62 and 70, you might be wondering ...