Early Claiming of Social Security Retirement Benefits Increased ...

Social Security Administration Research, Statistics, and Policy Analysis.

Retirement Age and Benefit Reduction - SSA

If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase. If you start receiving benefits early, your ...

Early or Late Retirement - SSA

A worker can choose to retire as early as age 62, but doing so may result in a reduction of as much as 30 percent. Starting to receive benefits after normal ...

3 Reasons You May Want to Claim Social Security Early - AARP

“Waiting to [claim] as late as age 70 maximizes the survivor benefit to the widow/widower.” So, claiming later doesn't just increase your ...

Raising Social Security's Retirement Age Would Cut Benefits for All ...

Raising the retirement age cuts benefits for all new retirees — that is, those claiming Social Security benefits for the first time. These ...

Benefits Planner: Retirement | Delayed Retirement Credits - SSA

Social Security retirement benefits are increased by a certain percentage for each month you delay starting your benefits beyond full retirement age.

If I Start Social Security Early, Will It Increase Later? - AARP

In 2024, you will turn 62, the minimum age to claim retirement benefits. But if you do so, rather than waiting until your full retirement age of ...

Top Five Reasons to Take Social Security Early - Kiplinger

The money you earn from a job before reaching full retirement age can affect your Social Security benefits. In 2023, Social Security deducted $1 from benefits ...

The Distributional Effects of Raising the Early Eligibility Age and Full ...

Benefit reductions are greater under the proposals with more months of early retirement reductions; the growing-gap option results in an 8 percent reduction in ...

Program Explainer: Benefit Claiming Age - SSA

Because a 1983 law established incremental FRA increases for those born in 1938 and later, workers reaching age 62 in 2000 or later have larger benefit ...

Should you take Social Security at 62? - Fidelity Investments

If you claim Social Security at age 62, rather than wait until your full retirement age (FRA), you can expect a 30% reduction in monthly benefits. · For every ...

The Social Security Retirement Age - CRS Reports

For workers with an FRA of 67, claiming benefits at age 70 results in a 24% benefit increase. In 2021, about one-fourth (25%) of new retired- ...

Effect of Early or Delayed Retirement on Retirement Benefits - SSA

Benefit, as a percentage of Primary Insurance Amount (PIA), payable at ages 62-67 and age 70. Year of birth, Normal Retirement Age (NRA), Credit for each ...

Retirement Benefits - SSA

If you retire at age 62, the earliest possible Social. Security retirement age, your benefit will be lower than if you wait. The “Early retirement” section ...

What is the Social Security Retirement Age?

Early retirement benefits will continue to be available at age 62, but they will be reduced more. When the full-benefit age reaches 67, benefits taken at age 62 ...

2025 Social Security COLA increase: What future retirees should know

However, if your friend had started claiming Social Security retirement benefits at age 62 when she first became eligible, she would not get ...

You Can Receive Benefits Before Your Full Retirement Age - SSA

You can receive your Social Security retirement benefits as early as age 62, but the benefit amount you receive will be less than your full retirement ...

Benefits Planner: Retirement | The Age You Start Receiving ... - SSA

However, if you had continued to work, your low earning years are replaced with your high earning years. Higher earnings increase your benefit amount. If You ...

Increasing the Eligibility Age for Social Security Pensions

The normal retirement age (NRA) is the earliest age that a worker can obtain a full Social Security pension. Workers can claim reduced pensions before the NRA.

The Social Security Retirement Age: An Overview - CRS Reports

The percentage of retired-worker beneficiaries who claim benefits at earlier ages has declined in recent years. In 2010, for example, more than ...