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Taking benefits at age 62, or at any time between 62 and your full retirement age would reduce your benefit amount. The amount of the reduction depends on the year you were born. For example, if ...
According to experts in an article published by Fidelity, one of America's largest retirement plan administrators, you should have between eight and 10 times your pre-retirement income by your ...
Your full retirement age likely ranges between 66 and 67. Anyone born between 1943 and 1954 reached full retirement age at 66. Your full retirement age increases by two months for each year you ...
The average Social Security benefits at ages 62, 67, and 70. 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 ...
Full retirement age. If you file at 62, benefit reduced by: A $1,000 check becomes. 66. 25 percent. $750. 66 and 2 months. 25.83 percent. $741. 66 and 4 months. 26.67 percent. $733. 66 and 6 months.
Meanwhile, the most popular claiming age is 62, the year most people become eligible for retirement benefits. There are certainly instances in which it makes sense to claim as early as age 62.
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