Social security age to collect

Benefits By Year Of Birth. Full retirement age is the age at which a person may first become entitled to full or unreduced retirement benefits. Traditionally, the full benefit age was 6 and early retirement benefits were first available at age 6 with a permanent reduction to percent of the full benefit amount.

Are you throwing down a challenge? If he waits till age to collect, you would get half his age benefit when you reach 62.

I was forced to take an early retirement at 6 due to poor heart health, Arthritic Spine problems and respiratory difficulties as well. So that eliminated most jobs. The maximum benefit possible.

If you wait until your full retirement age, you can collect 1percent of your benefit. What is the best age to start claiming social security? Skip the Line and Replace Your SS Card From Home. A surviving spouse can collect 1percent of the late spouse’s benefit if the survivor has reached full retirement age , but the amount will be lower if the deceased spouse claimed benefits before he or she reached full retirement age.

There are pros and cons to early or late collection, but the process remains the same.

Henry is considering claiming early retirement benefits this year, at age 64. Get Your Replacement Card From Home. As Brenton Smith writes, “there is no right answer”, however there are some things you can consider for your own situation. Social Security Retirement Age and Your Birth Year.

One can generally collect as early as age and many wait until age (the maximum age ) and some fall somewhere in between. This is based on your year of birth. I will receive a greater amount by waiting until age to collect my social security , does this change by remarrying? The current maximum reduction is approximately $447.

If you served years military service and didn. The fact that this also applies to survivor benefits will often catch. You may collect spousal benefits as early as age 62.

They can boost the payout when they collect a spousal. I have no way of knowing what your best option might be, though. At age 6 he can collect percent of his benefits. You can receive reduced benefits starting at age or full benefits at your full retirement age. That percentage increases to 93.

However, if you remarry before the age of 6 you cannot collect survivors benefits (unless the later marriage ends for any reason).

Be at least years of age. You can only create an account using your own personal information and for your own exclusive use. Get the most out of your government retirement benefits. Should I wait until full retirement age , or should I collect at the earliest age of 62? This will show how long it would take to recover the amount.

Calculating your breakeven age is helpful, but it is far from the last word on determining the right age to collect social security. Once you know the breakeven age for two benefit scenarios, you have to consider your chances of reaching that age in the context of a number of factors including health, family history and marital status. Family Members: Be sure to consider how your decision about when to start.