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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 ...
70. $1,963. $2,180. $1,744. Data source: Social Security Administration. Benefits rounded to the nearest whole dollar. Again, these amounts will likely change because of COLAs, but it gives ...
Rather, it's simply stating what the average benefit is for retired workers of a specific age. As of December 2023, roughly 590,400 retired-worker beneficiaries aged 62 were bringing home $1,298. ...
It details the average monthly Social Security benefit paid to retired workers between ages 62 and 70 in June 2024. Age. Average Retired-Worker Benefit. 62. $1,311. 63. $1,344. 64. $1,436.
The formula for calculating your PIA is based on the average indexed monthly earnings, or AIME, in your 35 highest-earning years after age 21, up to the Social Security wage base. In 2024, the ...
Depending on your birth year, collecting at age 65 would reduce your monthly benefit by 6.7% to 13.3%, which is, on paper, more palatable than a 25% to 30% permanent reduction at age 62. It's also ...
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