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If people born after 1960 claim their benefits the month they turn 62, they’ll get only 70% of what they would have received had they waited until the full retirement age of 67. The average ...
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 ...
You lose 5/9 of 1% per month for up to 36 months of early claiming. Then, you lose 5/12 of 1% per month thereafter. If you sign up right away at 62 and have an FRA of 67, you could shrink your ...
In the middle of that eight-year window is your full retirement age (FRA), otherwise known as the age when you can claim your complete monthly Social Security benefit without a reduction. FRA is ...
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
Birth Year. Full Retirement Age. Payout From $1,000 Benefit If Taken At 62. 1943-1954. 66. $750. 1955. 66 and 2 months. $741. 1956. 66 and 4 months. $733. 1957. 66 and 6 months