Sentences with phrase «start after your full retirement age»

Not exact matches

If you choose to start collecting your Social Security retirement benefit before or after you reach full retirement age, your PIA, which we discussed in the previous section, will be permanently adjusted to compensate according to these rules:

If you were born after 1937, you also can start your Social Security benefits as early as age 62, but your full retirement age is more than 65.

Full retirement age is based on your date of birth, starting at age 65 if you were born in 1937 or earlier and increasing to age 67 if you were born any time after 1938.

If you choose to start collecting your Social Security retirement benefit before or after you reach full retirement age, your PIA, which we discussed in the previous section, will be permanently adjusted to compensate according to these rules:

I'll receive the same monthly benefit amount whether I start collecting before or after my full retirement age.

You can also boost your monthly payment above the normal amount by delaying your start date even after you reach full retirement age.

Both rules give the same result if your benefits start exactly three years before your full retirement age, because 15 years after the benefits begin is the same as 12 years after you reach full retirement age.

The break - even point is the number of months after the start of your benefit when the total of all your delayed payments will be equal to the total you would have received if you started your payments at full retirement age.

If you start receiving benefits the month after reaching full retirement age, you'll receive the full benefit.