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The earliest you can file for Social Security is 62 and you’ve reached “full retirement” — when you can collect 100% of your eligible benefit — between 66 (those born 1943-54) and 67 ...
Based on this data set from December 2023, the more than 590,000 age 62 retired-worker beneficiaries brought home an average of $1,298.26. By comparison, the nearly 1.39 million age 65 retired ...
If you have an FRA of 67 and claim at 62, your payments will be cut by 30% for life. But if you delay benefits past your FRA (up to age 70), you'll collect a bonus of between 24% and 32% per month ...
Full retirement age ranges from age 66 for those born in 1943 to age 66 and 10 months if you were born in 1959. Any time you take Social Security before your full retirement age, you’ll have to ...
1960 and later. 67. While the full retirement age used to be 65, changes to the program have increased that age. For example, those born in 1955 now have to wait an extra two months beyond age 66 ...
When to claim your Social Security benefits. Let's start with the basics. You can start collecting your benefit checks as early as age 62, but doing so will result in smaller checks (though you'll ...
Ramsey was responding to a question from a listener about whether it made more sense to collect Social Security at 62 or wait until full retirement age, which is either 66 or 67 years old ...
But if you wait even longer, you’ll receive an extra 0.7% for every month you delay up to 124% of the full benefit until you turn 70, when the delayed retirement credits stop. 68 years old ...