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2. Here's the Average Social Security Benefit at Ages 62, 67, and 70

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   Initially collecting at 67 means no reduction to your monthly payout. The downside to claiming at 67 is that if you live well into your 80s (or beyond), you'll have, in hindsight, left a lot of ...

3. Here's the Average Social Security Benefit at Ages 62 and 70

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   This represents a 57% difference in average monthly payout between ages 62 and 70. A pair of glasses, a pen, and a calculator set atop a Social Security benefits application form. Image source ...

4. Here's the Average Social Security Benefit at Ages 62 and 67

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   This includes our ability to access retirement funds (401(k)s, individual retirement accounts , and so on), tax implications, monthly financial needs, marital status, and personal health, among ...

5. Here's the Average Social Security Benefit at Age 62 -- and ...

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   For someone whose FRA is 67, claiming benefits at 62 will reduce their monthly payout by 30%. For example, if you were due to receive $2,000 at your FRA of 67, claiming at 62 would bring it down ...

6. Is it possible to retire comfortably on Social Security alone ...

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   In the 65-to-74 age group, the typical family with a retirement account has about $200,000 saved, according to the federal Survey of Consumer Finances. ... Their monthly mortgage payment was ...

7. Here's How Much the Average Social Security Benefit Differs ...

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   On the downside, collecting benefits at age 62 ensures a permanent monthly payout reduction ranging from 25% to 30%, depending on your birth year. What's more, early filers can be exposed to the ...