Sentences with phrase «begin at full retirement age»

Not exact matches

The survey of 903 adults aged 50 or older, who are either already retired or plan to retire in the next ten years, revealed those who began receiving Social Security income early report a lower average monthly payment ($ 1,190) than those who started at their full retirement age ($ 1,506) and those who delayed benefits until age 70 ($ 1,924).

You can begin collecting Social Security at 62, but if you start taking your benefits before reaching your full retirement age — 65 to 67, depending on when you were born — your benefits will be reduced.

If you are not already receiving benefits, be sure to contact us at the beginning of the year you reach full retirement age.

In many cases, a widow or widower can begin receiving one benefit at a reduced rate and then, at full retirement age, switch to the other benefit at an unreduced rate.

If you receive a spouse's benefit beginning at age 62, your benefit is reduced to about 32.5 percent of the amount your spouse would receive if he or she started getting benefits at full retirement age.

How much you receive each month, however, depends on when you elect to begin taking benefits and whether you've reached full retirement age at that point.

You can begin collecting Social Security at 62, but if you start taking your benefits before reaching your full retirement age — 65 to 67, depending on when you were born — your benefits will be reduced.

If you are not already receiving benefits, be sure to contact us at the beginning of the year you reach full retirement age.

Widow's or widower's benefits beginning at any time from age 60 or age 50 if you are disabled through the month before you reach full retirement age;

You can begin collecting Social Security benefits at the age of 62, but it will cost you more than 25 % of the benefit you would have received by waiting until your full retirement age of 66 or 67.

Generally, you'll receive an amount equal to what you would receive were you to begin receiving Social Security retirement benefits at full retirement age.

If you receive a spouse's benefit beginning at age 62, your benefit is reduced to about 32.5 percent of the amount your spouse would receive if he or she started getting benefits at full retirement age.

If the primary begins to receive benefits at his / her normal (or full) retirement age, the primary will receive 100 percent of the primary insurance amount.

For example, if your full retirement age begins at 66, Social Security payments will increase 8 % annually on average for every year you choose to delay benefits until age 70.4

Despite the fact that the benefit amounts would be significantly higher when delayed beyond the full retirement age, 90 % of retirees begin collecting Social Security benefits at or before their full retirement age.

Social Security benefits can begin at 62, but waiting until full retirement age of 65 or 66 (depending on your birthday) will increase the size of your monthly check.

But, just for the sake of this example, let's say that the value of those Social Security payments is $ 500,000, a reasonable assumption for someone whose full retirement age for Social Security purposes is 66 and who begins collecting payments at that age.

But in order to receive a full half of your PIA, your spouse must wait to begin receiving the retirement benefits at her full retirement age.

Trainees must begin the training program before their 31st birthday; at age 56, controllers are subject to mandatory retirement with full federal benefits.

The amount of spousal benefits equals 1/2 of your ex-spouse's full retirement amount if you begin collecting benefits at full retirement age.