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When you apply for Social Security, the government looks at your entire earnings history, adjusting each year's wages for inflation. ... full retirement age of 66. The age increases by two months ...
The full retirement age for Social Security is set to increase in 2025, with the age for new retirees to claim and receive their full benefit rising to 66 years and 10 months.
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
You can retire when is most prudent for you, but you cannot file for Social Security benefits until the age 62. ... 1956: 66 years and four months. 1957: 66 years and six months.
Social Security's full retirement age reflects the point at which people can claim their full benefits. It's going up in 2025. ... to 66 years and 10 months old, for people born in 1959. That ...
Here's the maximum possible Social Security benefit at ages 62, 66, 67, and 70. Determining the best age to claim Social Security will come down to your personal circumstances, needs, and wants ...
Claim age has a profound impact on Social Security benefits for retired workers. ... Age 66: $3,795. Age 70: $5,108. There is an important lesson here: Claim age has a profound impact on benefits ...
If you were born in 1957, for example, you would have reached your full retirement age — and become eligible to collect your full Social Security benefits — when you turned 66 years and 6 months.
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related to: when to apply for social security benefits at age 66