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As the Social Security Administration (SSA) points out, it is perfectly fine to work full time and collect Social Security when you turn the eligible-to-collect age of 62.
But if you work and collect Social Security prior to reaching FRA, you'll be subject to an earnings-test limit, ... All told, filing for Social Security at 62 carries a lot of weight. It may seem ...
Here's the maximum possible Social Security benefit at ages 62, 66, 67, and 70 ... However, you'll have to make up the difference by drawing down your retirement accounts in your 60s or continuing ...
You can draw Social Security benefits at any age, beginning at age 62. Once you reach full retirement age, which varies based on the year you were born, you can work and earn your full benefit amount.
Delaying Social Security payments typically pays off for recipients. But not always. ... For example, if you are eligible to collect a reduced $900 benefit at age 62 plus 1 month, and your benefit ...
The earliest you can file for Social Security is 62 and you’ve reached “full retirement” — when you can collect 100% of your eligible benefit — between 66 (those born 1943-54) and 67 ...
By claiming at the age of 62, a hypothetical $1000 retirement benefit would be reduced by 25% and you would only receive $750 per month. A $500 monthly spousal benefit would be reduced to $350.
Data source: Social Security Administration. Even though the 70-year-old and the 62-year-old earned comparable salaries throughout their careers, the 70-year-old ends up receiving a monthly ...