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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.
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
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 ...
Social Security Administration. Understandably, the most detailed calculator on this list comes directly from the Social Security Administration. You’ll have the same basic information available ...
Here's how to calculate it, and how it could help you time when you take your Social Security benefits. One factor that can be especially enlightening is your Social Security break-even age.
Despite what you might have heard, Social Security will not run out of money next decade. But under the current system, the program's reserve trust funds are expected to be tapped out by 2035 ...
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Chart showing Social Security full retirement ages by birth year. Image source: The Motley Fool. If you're within 36 months of your FRA, your benefit is reduced by 5/9 of 1% for each month you ...
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