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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.
The earliest you can claim Social Security is age 62, but your monthly benefit is reduced based on how far you are from your FRA. If you're within 36 months, benefits are reduced by 5/9 of 1% monthly.
RELATED: Here are all the states that tax Social Security income: No matter when your full retirement age is, you can claim and start collecting your benefits as early as age 62 and as late as age ...
Chart showing Social Security full retirement ages by birth year. Image source: The Motley Fool. ... Ages 62, 67, and 70 are key milestones in Social Security. Age 62 is the earliest you can claim ...
However, age 62 is the earliest you can file for Social Security, and everyone's FRA will fall between ages 66 and 67, depending on your birth year. Social Security full retirement age chart ...
Birth year. Full retirement age. 1943–1954. 66. 1955. 66 and 2 months. 1956. 66 and 4 months. 1957. 66 and 6 months. 1958. 66 and 8 months. 1959. 66 and 10 months. 1960 or later