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Can people born in 1958 still draw their Social Security retirement benefits at 62 years old?

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Can people born in 1958 still draw their Social Security retirement benefits at 62 years old?
Yes. You can take early retirement at age 62 if you have accumulated the required 40 work credits, but your benefit amount will be reduced to approximately 75% of what you would receive if you postponed retirement until full retirement age.

People born in 1958 reach full retirement age at 66 + 8 months (eight months after your 66th birthday in 2024).
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You were born in 1953 can you draw Social Security at age 62?

You were born in 1953 can you draw Social Security at age 62?

Yes, under the current laws anyone who has accumulated 40 work credits may retire at age 62, but you will only receive approximately 75% of the benefit you would be entitled t
Can your wife draw Social Security retirement benefits if she has never worked?

Can your wife draw Social Security retirement benefits if she has never worked?

Yes, if you have earned at least 40 work credits and apply for your own retirement benefits, your wife is eligible to draw an additional 50% in benefits based on your work rec

If you were born in December 1949 can you draw Social Security at age 62?

Yes, under the current laws anyone who has accumulated 40 work credits may retire at age 62, but you will only receive approximately 75% of the benefit you would be entitled t
If I retire at age 62 and collect Social Security can I still earn money?

If I retire at age 62 and collect Social Security can I still earn money?

Yes. If you retire at age 62, you can earn $1,180 per month ($14,160 per year) in wages and an unlimited amount of income from passive sources, like 401k, annuities, dividends
How many people draw Social Security benefits?

How many people draw Social Security benefits?

Just under 45 million Americans draw one form of social security with the average check being around $1130.00. I have read that the number is about 40 million.
Can Social Security stop your retirement benefits?

Can Social Security stop your retirement benefits?

I was getting partial retirement benefit since 2010, but I did not get paid in 2011 from Sept 2011 to December 2011, they paid me 769. in the month of Jan 2012 after that they

What will your Social Security benefits be at age 62?

Social Security Online has benefit calculators to help you estimate how much retirement income you may receive. Bear in mind that retiring at 62 will reduce the monthly amount