2007-09-11 05:42:00 · 9 answers · asked by Mike 1 in Politics & Government ➔ Law & Ethics
You can begin collecting at age 62 and 2 months.
Your retirement allowance would be reduced by 25.83% ifyou retire early at age 62 and 2 months.
You spouses benefit if she is going to get her benefit based on yours would be reduced by 30.83%.
2007-09-11 05:54:12 · answer #1 · answered by DrIG 7 · 1⤊ 0⤋
When Can A Person Retire
2016-10-13 23:36:41 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Early retirement is 66 and 2 months.
2015-12-31 08:19:48 · answer #3 · answered by candie 1 · 0⤊ 0⤋
You have a ways to go...at least 10 years.
From the Social Security Admin's website below:
"The earliest a person can start receiving Social Security retirement benefits will remain age 62.
Social Security benefits are reduced for each month a person receives benefits before full retirement age.
For persons whose full retirement age is 65, a retirement benefit is reduced by 5/9 of 1% for each month of benefits prior to full retirement age.
As the age for collecting full Social Security benefits increases, persons who retire at age 62 will see a greater reduction in their Social Security benefits.
For persons whose full retirement age is age 65 and 2 months or later, a retirement benefit will be reduced by 5/9 of 1% for each month up to the first 36 months of benefits before full retirement age, plus 5/12 of 1% for each month of benefits in excess of 36 prior to full retirement age.
Examples:
Social Security benefits are reduced by 20% for a person who retires at 62 whose full retirement age is 65 (born 1937 or earlier).
Social Security benefits will be reduced by 205/6% for a person whose full retirement age is 65 and 2 months (retires at 62 in 2000).
Social Security benefits will be reduced by 25% for a person who retires at 62 whose full retirement age is 66 (born 1943-1954).
Social Security benefits will be reduced by 30% for a person who retires at 62 whose full retirement age is 67 (born in 1960 or later). "
2007-09-11 05:54:54 · answer #4 · answered by bottleblondemama 7 · 0⤊ 0⤋
definite, in case you wait until you're sixty six the advantages would be better, yet there is likewise the probability which you are going to deliver at the same time for a shorter quantity of time than somebody who starts off amassing at 62, by way of fact you're 4 years closer on your dying at age sixty six than you're at 62 . as nicely, with the way issues are going, who's familiar with how a lot longer the gadget will proceed to be solvent ? i would be 62 in April and plan to start amassing then .
2016-12-13 06:15:40 · answer #5 · answered by ? 4 · 0⤊ 0⤋
62 for reduced benefits and 66 for full. You should get a paper from SSI every year telling you the age and amount you will draw at that time. If you haven't gotten it, call and request it.
2007-09-11 05:52:33 · answer #6 · answered by sensible_man 7 · 1⤊ 0⤋
To collect full benefits in 2022. I think that where they raise to 67. Check your work credits too.
2007-09-11 05:49:36 · answer #7 · answered by sparkles 6 · 0⤊ 0⤋
my husband draw ss if i am 62 can i draw off of his and wait until i get 66 to draw my
2016-07-27 15:22:55 · answer #8 · answered by Carolyn Coley 1 · 0⤊ 0⤋
at age 10 if they wish and the circumstances allow.
2007-09-11 06:00:28 · answer #9 · answered by hexeliebe 6 · 0⤊ 1⤋