If i took my social security income at 62 how much would it be...my full age benefit is 690 apx?

Answer 1

If you begin taking social security at age 62 the government will only pay you 75% of your entitled benefits that you have coming to you.* In other words they penalize you 25% for taking it at 62.* Contact Social Security on the net yourself by typing in Social Security.* To find out more information on your benefits.*

Answer 2

If you were born between 1943 and 1954, At 62 you will get 75% of what you would get at full retirement age. You would have to live 16 years to hit the break even point.

Answer 3

every year about 2 months before your birthday you receive a pamplet from S/S that will tell you how much you'll ge at age 69 and also at age 62. Than you figure out how much you'll get at age 62 and multiply that aminut by 12 months and that will give you your yearly amount and times that by app. 20 years ( your age would be than 82 ) and that will give you your total amount for your live time. than figure your income at age 69 times 12 will give you your years amount and times that amount by 13 ( also age 82 ) and see if you will collect more or less over your life span. It also depends on what kind of work you do and if you really like your job as to if you want to get out early or not. also figure in your health and your parents health and than that also will give you a better idea if you want out ealry or stay later. And last figure out your yearly bills to see if you make ends meet and can live on that amount from S/S. after all that than it's all up to you.