Search results
Results From The WOW.Com Content Network
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
My husband began drawing his Social Security at age 62. He is 68 now (born in 1955), while I am 62 (born 1961). If I begin to draw my Social Security now it will be reduced, of course.
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).
The retirement age will apply to men born in and after 1965, female civil servants born in and after 1970 and female workers born in or after 1975. The retirement age increase is based on the individual’s year and month of birth, as it increases by 1 month for every 4-month-block months of birth for males and female civil servants and 1 month ...
Each calendar year, the wages of each covered worker [a] up to the Social Security Wage Base (SSWB) are recorded along with the calendar by the Social Security Administration. If a worker has 35 or fewer years of earnings, then the Average Indexed Monthly Earnings is the numerical average of those 35 years of covered wages; with zeros used to ...
A separate analysis from the Center on Budget and Policy Priorities found that the poverty rate for adults aged 65 and above would be nearly four times higher if Social Security didn't exist -- 10 ...
1961 - Social Security Amendments of 1961, Pub. L. 87–64 1965 - Social Security Amendments of 1965 , Pub. L. 89–97 1966 - Tax Adjustment Act of 1966 , Pub. L. 89–368
According to the Social Security Administration, or SSA, the monthly retirement benefit for Social Security recipients is currently $1,783.55 in 2024 on average. Several factors can drag that ...