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In this short video, I discuss seven important Social Security facts that you should know. *Stock prices used were the morning prices of Jan. 15, 2025. The video was published on Jan. 15, 2025.
Birth Year. Full Retirement Age (FRA) 1943 to 1954. 66. 1955. 66 and 2 months. 1956. 66 and 4 months. 1957. 66 and 6 months. 1958. 66 and 8 months. 1959. 66 and 10 months
The primary benefit of waiting to claim Social Security is an increase in your monthly benefit. If you wait until age 70, you'll receive a monthly check about 77% bigger than if you claim at age 62.
The 2011 annual report by the program's Board of Trustees noted the following: in 2010, 54 million people were receiving Social Security benefits, while 157 million people were paying into the fund; of those receiving benefits, 44 million were receiving retirement benefits and 10 million disability benefits.
When you're ready to start claiming Social Security retirement benefits, including spouse benefits, or apply for survivor benefits or Medicare coverage, the Social Security Administration makes it...
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.