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Specifically, someone with a full retirement age of 67 (born in 1960 or later) will reduce their benefit by 30% if they claim at age 62. That could mean hundreds of dollars per month for your spouse.
The limit only applies if you claim Social Security before reaching your full retirement age. The earnings limit increases (to $56,520 in 2023) for the calendar year in which you’ll reach full ...
The best reason to claim Social Security benefits early, such as at age 62, is this: You need the money. You may need that income because you've been unexpectedly laid off or because you or your ...
The best reason to claim Social Security at age 62 is to make sure that your savings don't run out if you're unable to work.
Here are three reasons I won't claim Social Security at age 62. If I were still in that kind of environment, I'd probably look to retire as early as possible and claim Social Security benefits at ...
You can also opt to delay your Social Security claim beyond FRA. And for each year you do, your monthly benefit will get a permanent 8% boost. ... The earnings-test limit is more generous in 2024 ...