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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
If you know a little about Social Security, you may know that you can start collecting your benefits as early as age 62 and that you can delay starting to collect them for a long time.
You can start getting Social Security retirement benefits when you turn 62 years old, the earliest age when they're available. However, there are downsides to starting benefits at such a young age.
The earliest you can claim Social Security benefits is age 62. In 2021, about 29 percent of newly retired workers claimed their retirement benefits at age 62, according to the Congressional ...
Put differently, retired workers who start Social Security at age 62 maximize the number of payments, but they are penalized with the most severe benefit reduction.
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 ...
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