Ads
related to: full retirement age social security
Search results
Results From The WOW.Com Content Network
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 ...
You can get Social Security retirement benefits as early as age 62, but your benefits will be reduced vs. what they would be if you waited until full retirement age.
Claiming Social Security at 62 would reduce your monthly PIA by 30%; delaying benefits until 70 would increase it by roughly 24% (assuming your full retirement age is 67).
But, if this worker or the worker's spouse are younger than full retirement age and receiving benefits and earn "too much", the benefits will be reduced. If working under full retirement age for the entire year and receiving benefits, SSA deducts $1 from the worker's benefit payments for every $2 earned above the annual limit of $15,120 (2013).
The Social Security Administration (SSA) can reduce retirement benefits if you claim early or earn too much income while collecting benefits before your full retirement age. But once you retire ...
For recipients born in 1943 or later, 8 percent is added to the yearly benefit amount for each year the recipient delays receiving Social Security benefits beyond their full retirement age. [4] No delayed credit is given after age 69. [7] Eligible individuals who collect their benefits at full retirement age will receive their calculated PIA. [9]