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Ages 62, 67, and 70 are key milestones in Social Security. Age 62 is the earliest you can claim benefits, 67 is most people's full retirement age, and 70 is when monthly benefits stop increasing ...
Initially collecting retired-worker benefits as early as possible (age 62) or with a middle-ground approach (age 67) can lead to notable differences in average monthly and lifetime benefits.
Data source: Social Security Administration. What's the average Social Security benefit at ages 62, 67, and 70? Although every age within the traditional collection range of 62 through 70 has its ...
Age 62: What makes age 62 such an attractive age to begin collecting Social Security income is that you don't have to wait to receive your retired-worker benefit.
Multiple variables influence Social Security benefit amounts, but the pattern shown in the chart is primarily due to discrepancies in claim age. ... equal $2,000 if they claim at age 67. But that ...
Data source: Social Security Administration. Here's the maximum possible Social Security benefit at ages 62, 66, 67, and 70. Determining the best age to claim Social Security will come down to ...
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