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Year of birth. Full retirement age. 1937 and before. 65. 1938-1942. 65 + 2 months for each year past 1937. 1943-1954. 66. 1955-1959. 66 + 2 months for each year past 1954
What Is the Early Retirement Age for Social Security? You can choose to claim retirement benefits as early as age 62. However, SSA will reduce your benefit by about 0.5% for every month you ...
By claiming at the age of 62, a hypothetical $1000 retirement benefit would be reduced by 25% and you would only receive $750 per month. A $500 monthly spousal benefit would be reduced to $350.
However, if you’re born after 1960 and claim Social Security benefits before your full retirement age, you’d only receive a $91.35 increase in monthly benefits. Working in Retirement Will ...
According to the Social Security Administration, the earliest you can be eligible to receive benefits is 62 years of age — but you must be 62 for the entire month.
If you're turning 62 in 2022 there are a few things you'll want to know before you begin considering applying for social security from how far in advance you can apply to how much early retirement...
You can apply for your benefit starting at age 62, ... so you don’t need to work 35 years to be eligible for Social Security. ... If you’re considering a very early retirement — in your 30s ...
Calculating your Social Security benefit. The average monthly Social Security benefit for a retired worker is $1,909 (as of January 2024). But that number could be much less if you don’t work ...
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