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2. A boomer said he's struggling to survive on Social Security ...

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   Robert Papalia, 74, retired early to care for his ailing wife, Marie. The couple's $5,000 monthly pre-tax retirement income is strained by medical bills and taxes.

3. Here's the Average Social Security Benefit at Ages 62 and 67

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   Based on data from the SSA's Office of the Actuary, a little over 590,000 aged 62 retired-worker beneficiaries took home an average check of $1,298.26 in December 2023. Comparatively, the nearly 2 ...

4. 401(k) withdrawal rules: What to know before cashing out ...

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   No. Social Security does not consider your 401(k) withdrawals "earned income" — or money earned from work. A lump-sum payment from your 401(k) could complicate your taxable income, however.

5. 5 Strategies for Claiming Social Security Early Without Regrets

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   If you’re planning to work part-time in retirement, then claiming Social Security at age 62 may offer no regrets at all. Imagine that your full retirement benefit is $2,000 and that your age-62 ...

6. How to withdraw money from a 401(k) early - AOL

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   You can withdraw your contributions (that’s the original money you put into the account) tax- and penalty-free. But you’ll owe ordinary income tax and a 10% penalty if you withdraw earnings (i ...

7. Social Security retirement age: When to take Social Security ...

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   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 ...