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It shows the average monthly Social Security benefit for retired workers at different ages. As shown above, the average retired-worker benefit tends to increase with age, such that the average 70 ...
If you're within 36 months of your full retirement age, the Social Security Administration reduces your monthly payout by 5/9 of 1% for each month you claim early. Beyond 36 months, the program ...
Spousal benefit amounts are based on full retirement ages. Social Security spousal benefits allow someone to receive Social Security benefits based on their partner's work history and earnings ...
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
The lure of claiming benefits at age 62 is not having to wait to get your hands on your benefit. There's also the possibility of sweeping Social Security benefit cuts by 2033. Taking your payout ...
You can get Social Security retirement benefits as early as age 62, but your benefits will be reduced vs. what they would be if you waited until full retirement age.
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