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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
Chart showing Social Security full retirement ages by birth year. ... Age 62 is the earliest you can claim benefits, 67 is most people's full retirement age, and 70 is when monthly benefits stop ...
If you retire 36 months or less before full retirement age, your benefit is decreased by 5/9 of 1 percent per month. If you retire more than 36 months before full retirement age, your benefit is ...
The chart below details the relationship between birth year and full retirement age. It also shows the benefit (as a percentage of PIA) retired workers in each age group will receive if they claim ...
Social Security full retirement age chart. Image source: The Motley Fool. ... According to 2023 data from the Social Security Administration, the average benefit amount at age 62 is just $1,298 ...
If people born after 1960 claim their benefits the month they turn 62, they’ll get only 70% of what they would have received had they waited until the full retirement age of 67. The average ...
To receive the full benefit you're entitled to based on your earnings and work history, you'll need to file at your full retirement age (FRA). This age will vary by birth year, but it's 67 years ...
For Survivor Benefits, FRA starts at age 66 for those born between 1945 and 1956 and increases in 2-month increments. Those born in 1962 or later reach full retirement age at 67.
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