Sentences with phrase «taken at the normal retirement age»
Also, the PIA calculation assumes benefits are taken at the normal retirement age.
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That is, the so - called increase in the Social Security monthly benefit if you delay taking benefits beyond your normal retirement age is at least in part due to the fact that a «fixed pot of money» is being divided into larger chunks at age 70 (fewer months to live) than at age 67 (more months to live).