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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.
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. ... In 2025, someone turning 70 will have ...
Here's the maximum possible Social Security benefit at ages 62, 66, 67, and 70 ... someone turning 70 in 2025 could receive a benefit that's over 80% higher per month than their 62-year-old ...
Due to a strange quirk in the Social Security rules, you can only apply for benefits in the month you turn 62 if you were born on the 1st or 2nd of that month. Otherwise, you must wait until the ...
Say you turn 62 this year and decide to claim Social Security benefits. ... Putting off drawing Social Security from 62 to 70 could get you an extra $1,000 monthly in your Social Security benefit ...
Social Security's full retirement age reflects the point at which people can claim their full benefits. ... but people born in 1958 must turn 66 years and 8 months old to qualify for their full ...