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Retirement is a numbers game in the United States, and those numbers make a big difference in terms of the Social Security benefits you ultimately receive. Discover More: 9 Moves for Retirement...
Birth year. Full retirement age. 1943–1954. 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. 1960 or later
Image source: Getty Images. A smart compromise. If you have a full retirement age of 67 years old, filing at 65 will reduce your benefits by just over 13% per month. However, filing at 62 would ...
Why collect at age 67? This could quickly become the most-popular of all claiming ages, given that age 67 is the full retirement age for anyone born in or after 1960 (i.e., most of today's workforce).
Age might only be a number, but it's an important one when it comes to retirement. Studies show that the average retirement age in the U.S. is about 61 or 62 -- which also happens to be when you ...
At full retirement age of 67, that maximum was $3,627. At age 70 — the latest age you can file — the maximum benefit rose to $4,555. Of course, just filing at age 70 doesn’t guarantee you ...