It depends on the year you were born. If you were born in 1962 or later, you have to wait until you are 67 years old. Before 1962, you can take it earlier.
2007-07-08 18:30:33
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answer #1
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answered by Richard H 7
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http://www.pueblo.gsa.gov/cic_text/fed_prog/aboutsocial-security/aboutsocial-security.htm
Age To Receive Full Social Security Retirement Benefits
If your full retirement age is older than 65 (that is, you were born after 1937), you still will be able to take your retirement benefits at age 62, but the reduction in your benefit amount will be greater than it is for people retiring now.
Here's how it works. If your full retirement age is 67, the reduction for starting your benefits at
62 is about 30 percent;
age 63 is about 25 percent;
age 64 is about 20 percent;
age 65 is about 13 and 1/3 percent; and
age 66 is about 6 and 2/3 percent.
As a general rule, early retirement will give you about the same total Social Security benefits as full retirement over your lifetime, but in smaller amounts to take into account the longer period you will receive them.
2007-07-08 22:57:51
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answer #2
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answered by robert p 7
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Depends on the year your were born - some people can draw as early as 62, some as late as 70. The older you are now the sooner you will be able to draw. Check the socialsecurity.gov website.
2007-07-08 22:59:14
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answer #3
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answered by Patti R 4
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Either, but if you wait until you reach age 67, the payments will be about 16% larger.
2007-07-08 23:59:52
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answer #4
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answered by Anonymous
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You can draw early SS at 62, but you make more if you wait until at least 65. I think they hope we die before we can draw anything.
2007-07-08 22:58:37
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answer #5
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answered by Pearl 6
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