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In this article, we will discuss whether or not it’s a good idea to claim Social Security benefits at 62, and what factors you should consider before doing so.
Let's say you're entitled to a $2,000 monthly benefit at age 67 but you sign up at 62 and get $1,400 a month instead. That means you'd receive $16,800 in Social Security your first year. If you ...
Full retirement age ranges from age 66 for those born in 1943 to age 66 and 10 months if you were born in 1959. Any time you take Social Security before your full retirement age, you’ll have to ...
To see the break-even age in action, imagine you're debating whether to claim Social Security at age 62 or 70. At those ages, the maximum benefits are $2,710 and $4,873, respectively, so we'll use ...
The earliest you can claim Social Security benefits is age 62. In 2021, about 29 percent of newly retired workers claimed their retirement benefits at age 62, according to the Congressional ...
If you turn 62 this year and decide to claim your benefit, you’ll receive 30% less than you’d get by waiting till full retirement at 67, according to the Social Security Administration (SSA).
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