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Image source: Getty Images. 1. You reduce the size of your checks. The Social Security Administration allows you to claim checks at 62. But if you want the full benefit you've earned based on your ...
Turning 62 is a big milestone. For many, it marks the end of a decades-long career. It also signals eligibility for Social Security benefits, a primary source of income for a lot of retirees.
Applying for Social Security benefits is a major financial decision, and deciding when to do it can have significant effects on the amount of money you receive in retirement and when. Learn: 6 ...
But the differences between the maximum possible 2025 Social Security benefit at 62, 67, and 70 show the value of delaying benefits as long as possible. ... When you apply for Social Security, the ...
The age you begin claiming Social Security will permanently affect your benefit amount, so it's a decision to be made carefully. Age 62 is the earliest you can file, and it's also a popular time ...
With the average 62-year-old collecting about $1,373 per month ($16,479 per year), job income above around $56,400 would completely wipe out a typical Social Security check. The good news is that ...