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Year of birth. Full retirement age. 1937 and before. 65. 1938-1942. 65 + 2 months for each year past 1937. 1943-1954. 66. 1955-1959. 66 + 2 months for each year past 1954
The Federal Reserve Survey of Consumer Finances, 1989-2022, revealed that retirement savings were on the rise for most age groups. Among the age groups, all except those age 75 and older had ...
Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job for health reasons. People may also retire when they are eligible for private or public pension benefits, although some are forced to retire when ...
At age 62, when they become eligible to file for benefits. At age 66, when many hit full retirement age. At age 70, when they can no longer increase their monthly benefit by waiting. Retired ...
In the year of an individual's full retirement age, up until the precise month of full retirement, $1 of benefits is deducted for every $3 that is earned over the annual limit ($44,880 for 2017). Regardless of the level of earnings, there are no deductions from benefits beyond full retirement age. Alternative computation methods
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.
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