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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.
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 ...
Well, as of May 2024, the average monthly retirement benefit was $1,916.63 -- or only about $23,000 per year. But that's just an average. Much depends on those factors above. Here's a look at the ...
Salary Restrictions for 2022. If you are not yet at full retirement age but are receiving Social Security benefits, you can make up to $19,560 a year without penalty. That’s $1,630 a month, or ...
As I mentioned above, delaying your Social Security application increases your monthly benefit. Your current age and your full retirement age (FRA)-- the government-assigned age when you become ...
Full Retirement Age for Social Security. Year of Birth. Full Retirement Age. Months Between 62 and Full Retirement Age. 1943-1954. 66. 48. 1955. 66 and 2 months. 50. 1956. 66 and 4 months. 52. 1957.
You can draw Social Security benefits at any age, beginning at age 62. Once you reach full retirement age, which varies based on the year you were born, you can work and earn your full benefit amount.
If you file for Social Security benefits before your full retirement age but keep working, the Social Security Administration will temporarily reduce your benefit payments. The amount of the ...