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What Is the Early Retirement Age for Social Security? You can choose to claim retirement benefits as early as age 62. However, SSA will reduce your benefit by about 0.5% for every month you ...
The SSA states you can apply up to four months before you want your retirement benefits to start. This is the earliest you can apply for social security benefits to make sure your benefits begin ...
The average person who claims Social Security early gets just over $20,000 per year in inflation-protected retirement income. The average person who doesn't claim early gets $27,720 per year ...
Upon turning 62, you qualify to receive early Social Security benefits. But if you do so, the SSA pays out only reduced benefits until you reach full retirement age (FRA).
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 apply for your ... the amount you’ll receive at full retirement age. The average Social Security benefit was $1,907 in January 2024, according to the SSA. This, of course, will vary ...
The question of when to apply for Social Security benefits runs much deeper than following a simple timeline, however. If you claim your benefits early, at age 62, you’re locking in a permanent ...
How Taking Early Retirement While Waiting Works. Taking early retirement while waiting for Social Security is easy. You’ll file online at SSA.gov and pick whatever month you want your benefits ...
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