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

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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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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

Can you draw Worker's Comp and Social Security at age 62?

Yes, but your Social Security benefits may be temporarily reduced to prevent a windfall. If you are collecting from both programs, the maximum you can receive is 80% of your c

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

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

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 you draw social security and railroad retirement benefits?

I worked for the Fed Govt for 35 yrs before that I worked and paid  48 quarters into Social Security, my wife worked for the Railroad  and was covered by Railroad Retirement