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Calculating your Social Security break-even age can help you decide when the best time is to begin taking benefits. You can do that using a Social Security break-even calculator.
Image source: The Motley Fool. Age 67 is key because it's the full retirement age for most new Social Security claimers.Some folks born before 1960 may be waiting to claim benefits and have an ...
The Social Security Administration, is the Government agency responsible for social services in the United States. Pension age in the United States is determined on one's birth year, the earliest a person can retire is 62, but benefits for a single may be a 25% to 30% reduction, as the full benefit amount (100%) is for retirees is 66, however ...
Continue reading ->The post How to Calculate Your Social Security Break-Even Age appeared first on SmartAsset Blog. While you can technically start taking benefits as early as 62, you'd receive ...
If you plan to retire in 2025 and file for Social Security retirement benefits, ... Visit the SSA’s retirement age calculator to find if you’ll reach full retirement age in 2025.
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
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