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Whether you start taking withdrawals at 62, 67, or 70, it’s important to understand what impact Social Security withdrawals will have on your income level while retired. Key Points
If you’re younger than full retirement age for all of 2024, the Social Security Administration will deduct $1 of your monthly check for every $2 you earn above $22,320 per year.
Social Security's full retirement age reflects the point at which people can claim their full benefits. It's going up in 2025. What to know about Social Security's full retirement age in 2025
For the record: 12:54 p.m. Dec. 24, 2024: A previous version of this article and headline implied that the full retirement age for collecting Social Security is increasing in 2025 for everyone.In ...
If you are nearing retirement age, you might be wondering when to start drawing Social Security benefits. Social Security: Whether You're 62, 65, 67 or 70, Here's Why Your Age MattersSee: 3 Ways ...
You can get Social Security retirement benefits as early as age 62, but your benefits will be reduced vs. what they would be if you waited until full retirement age.