earliest you can collect social security?
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You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase.
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You can receive Social Security benefits based on your earnings record if you are age 62 or older, or disabled or blind and have enough work credits.
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Full Retirement Age for Survivors Born Between 1945 And 1956: 66. The earliest a widow or widower can start receiving Social Security survivors benefits based on age is age 60. 60, you will get 71.5 percent of the monthly benefit because you will be getting benefits for an additional 72 months.
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You can start receiving your Social Security retirement benefits as early as age 62, but the benefit amount will be lower than your full retirement benefit amount.
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Unless you are disabled, the earliest that you can potentially draw Social Security retirement benefits is at age 62. ...
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En español | The earliest you can start collecting retirement benefits is age 62. You can apply once you reach 61 years and 9 months of age. However, Social Security reduces your payment if you start collecting before your full retirement age, or FRA. ... (You can apply later than 70, but it doesn't change your benefit.)
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The original age to claim Social Security payments was 65. A 1961 law allowed workers to begin claiming permanently reduced Social Security payments as early as age 62.
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En español | Essentially, yes. You can claim Social Security retirement benefits at any time after reaching 62 years of age. ... So if a person retires at, say, age 62 and six months, the benefit is, in effect, prorated — the person is credited for waiting six months after becoming eligible.
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Early retirees would be a new group for Medicaid. While retirees can now start collecting Social Security at age 62, they must wait another three years to get Medicare, unless they're disabled.
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You can get Social Security retirement benefits as early as age 62. However, we'll reduce your benefit if you retire before your full retirement age. ... But if they do, the years with no earnings will probably mean a lower Social Security benefit when they retire.
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You can claim Social Security retirement benefits at any time after reaching 62 years of age. If you start receiving benefits before you hit full retirement age, or FRA (currently 66 and gradually rising to 67), they will be reduced a fraction of a percent for each month before FRA that you filed.
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If you were born in 1959 your full retirement age is 66 and 10 months. You can start your Social Security retirement benefits as early as age 62, but the benefit amount you receive will be less than your full retirement benefit amount.
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Early retirees would be a new group for Medicaid. While retirees can now start collecting Social Security at age 62, they must wait another three years to get Medicare, unless they're disabled. ... It would help tide them over until they turn 65 and qualify for Medicare.
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If in your lifetime you have worked for ten years, you are eligible to place a claim to begin receiving Social Security benefits as early as age 62 and as late as age 70. Deciding when is best for you is a personal decision. Refer to this chart to determine your full retirement age.
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Key Takeaways. Social Security retirement benefits start as early as age 62, but the benefits are permanently reduced unless you wait until the full retirement age of 66 or 67. Payments are for life. Social Security spousal benefits pay about half of what your spouse gets if that's more than you'd get on your own.
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It is important to begin retirement planning while you are young​ because: ... you can receive Social Security benefits starting at age 62 but the benefits will be reduced for every month that is prior to full retirement age. You only receive full benefits if you wait until you turn 67 for those born after 1960.
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You can retire with reduced Social Security benefits as early as age 62. You can begin collecting from private retirement funds, such as a 401k, without tax penalties at age 59 1/2. If you can't work because of a disability, you may also qualify for Social Security disability insurance benefits.