Likewise, if you start receiving spousal benefits at your full retirement age, you will collect 50 percent (the maximum) of the monthly benefit your spouse will receive if his or her benefits
started at full retirement age.
If you start receiving benefits as a spouse at your full retirement age, you will get 50 percent of the monthly benefit your spouse would receive if their benefits
started at full retirement age.
If you start receiving spouse's benefits at age 62, your monthly benefit amount is reduced to about 32.5 percent of the amount your spouse would receive if their benefits
started at full retirement age.
your full retirement age, you will get 50 % of the monthly benefit your spouse would receive if his or her benefits
started at full retirement age.
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).
If you start receiving spouse's benefits at age 62, your monthly benefit amount is reduced to about 32.5 percent of the amount your spouse would receive if their benefits
started at full retirement age.
My FRA is $ 2289 and my spouse (
starting at full retirement age) is $ 2263.
If you start receiving benefits as a spouse at your full retirement age, you will get 50 percent of the monthly benefit your spouse would receive if their benefits
started at full retirement age.
Not exact matches
A widow or widower is eligible to
start receiving reduced benefits on your record as early as
age 60 and
full benefits
at their
full retirement age.
Those with a
full retirement age of 66, for example, would receive a 25 percent reduction in benefits if they
start receiving benefits
at age 62.
The loophole allowed some married individuals to
start receiving spousal benefits
at full retirement age, while letting their own
retirement benefit grow by delaying it.
For example, if your
full retirement age is 67 and you
start your
retirement benefits
at 62, prepare for your monthly benefit amount to be reduced by about 30 percent.
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.
As a general rule, survivors benefits based on
age will be about the same total Social Security benefits over a lifetime, whether they
start early or
at full survivors
retirement age.
Postpone the
start of Social Security: Postpone collecting Social Security until
at least
full retirement age, or longer to get the maximum
retirement income 2017 (and beyond).
Say your
full retirement age is 66, and you'd receive $ 1,000 from Social Security every month
starting at that
age.
While it's true that you may end up collecting benefits for the longest period of time by
starting at age 62, if you can afford to do so, it's generally best to wait
at least until your
full retirement age (FRA).
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.
On the other hand, if your husband delays receipt of benefits until
age 70, he earns delayed
retirement credits and he locks in a benefit that is 32 % higher than the amount he receives
at full retirement age (
age 66) and 76 % higher than the benefit he would have received had he
started taking benefits
at age 62 (Source: Social Security Administration).
If you
start receiving benefits
at your
full retirement age, your benefit is equal to half of your ex-spouse's
full retirement amount or disability benefit, according to the Social Security Administration.
Full retirement age is the age at which you become eligible to start receiving full retirement benef
Full retirement age is the
age at which you become eligible to
start receiving
full retirement benef
full retirement benefits.
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 your spouse already receives benefits, ask them what their benefit would be if it
started at their
full (or normal)
retirement age.
What happens if you and your twin (who
starts to receive benefits
at full retirement age) live to the same
age as in the previous example?
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.
Your
full retirement age (67 if you were born in 1960 or later) is the
age at which you can
start collecting
full or unreduced benefits.
If you
start collecting
at age 66 or 67 (the
full retirement age, depending on when you were born), you'll get your
full benefit, and if you wait until
age 70 (delayed
retirement), you'll get a bonus — anywhere from 5.5 percent to 8 percent per year, depending on your
age.
The loophole allowed some married individuals to
start receiving spousal benefits
at full retirement age, while letting their own
retirement benefit grow by delaying it.
If you
start at 62, you'll get just 70 % or 75 % of your benefit, depending on your
full retirement age.
If the benefits
start at an earlier
age, they are reduced a fraction of a percent for each month before
full retirement age.
For someone whose
full retirement age is 67,
starting benefits
at age 62 means taking a nearly 30 % monthly hit.
Although individuals are eligible to
start collecting benefits
starting at 62, only when you reach Uncle Sam's definition of
full retirement age will the SSA pay 100 % of your benefits.
If you
start receiving benefits
at your
full retirement age, your benefit is equal to half of your ex-spouse's
full retirement amount or disability benefit, according to the Social Security Administration.
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 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.
We're not recommending that you
start at age 62, your
full retirement age,
age 70, or any
age in between.
Under this rule, an individual 62 years or older can
start collecting benefits but stop the benefits within 12 months of the
start, repay the benefits collected, and then still be eligible for their higher benefit amount when they collect
at full retirement age or older.
We have a while before we can
start taking Social Security and plan to wait until
at least
full retirement age with a goal of waiting until 70 for me as the higher earner.
Unfortunately, it's common to see couples in which both spouses
start taking Social Security
at full retirement age (or close to it), despite the fact that there would have been a strictly - superior strategy available to them.
You can receive reduced benefits
starting at age 60 or
full benefits
at your
full retirement age.
Whether you
start receiving Social Security benefits
at age 62 or
at the
full retirement age, you should be aware that continuing to work may result in what is called an earnings offset under the Social Security Earnings Test.
If you
start taking Social Security
at 62, rather than waiting until your
full retirement age (FRA), you will receive reduced monthly benefits.
For someone with a
full retirement age of 67, a $ 1,000 monthly benefit would drop to $ 700 if they
started benefits
at age 62, according to the SSN website.