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Social Security full retirement age chart. Image source: The Motley Fool. Filing any earlier than your FRA will permanently reduce your monthly benefit. If you have an FRA of 67 and claim at 62 ...
Birth Year. Full Retirement Age. 1937 or earlier. 65. 1938. 65 and 2 months. 1939. 65 and 4 months. 1940. 65 and 6 months. 1941. 65 and 8 months. 1942. 65 and 10 months
If you're within 36 months of your full retirement age, the Social Security Administration reduces your monthly payout by 5/9 of 1% for each month you claim early. Beyond 36 months, the program ...
The benefit amount can vary depending on if you retire early or wait until age ... the monthly retirement benefit for Social Security recipients is currently $1,783.55 in 2024 on average. Several ...
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
This is because Social Security will subject you to its retirement earnings test (RET) if you claim benefits early and earn over a certain limit. The earnings limit is $22,320 for 2024 if you don ...