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Imagine, for example, two 85 year olds, one who claimed benefits at age 62 and one who claimed at age 70. The first one will have received a total of 276 checks so far, while the second one will ...
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.
Workers can start to get Social Security retirement benefits as early as 62 years of age. After you turn 62, you can claim Social Security at any age. But the amount you receive varies widely ...
Specifically, someone with a full retirement age of 67 (born in 1960 or later) will reduce their benefit by 30% if they claim at age 62. That could mean hundreds of dollars per month for your spouse.
If you have an FRA of 67 and claim benefits at 62, this results in a 30% cut to your standard benefit. By contrast, working beyond FRA allows you to earn delayed retirement credits equal to ⅔ of ...
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. ... The early years of retirement are a ...
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