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Image source: Getty Images. A smart compromise. If you have a full retirement age of 67 years old, filing at 65 will reduce your benefits by just over 13% per month. However, filing at 62 would ...
See, every retiree used to be able to get their full Social Security benefit at the age of 65. Their full benefit was based on average wages over their 35 highest earning years.
If you're thinking you might retire in your mid-60s and you're wondering what Social Security benefits might look like then, as of the end of 2023, the average benefit for a 65-year-old was $1,563 ...
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
Social Security benefits are not a case of you-get-what-you-get, though. There are ways to increase your Social Security benefit checks -- such as by delaying starting to collect them, which you ...
At just over $18,000 annually, the average Social Security benefit for a 65-year-old isn't enough to fully support many people. That's why, ideally, Social Security is just one of your retirement ...
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