0
No, the earliest you can collect Social Security retirement benefits is age 62. While you may be able to retire at age 55, you will need to have other resources to draw from until you are eligible for Social Security.
Retiring at age 55 is difficult for most people. Not only are not you not eligible for Social Security for many more years, but in general, you can't access your retirement accounts until you reach age 59 1/2. Also, you don't qualify for Medicare until age 65. All of these combined make it very difficult for the average person to retire at 55.
If you are retiring because of disability and qualify for Social Security disability benefits, you can collect those before age 62.
Wiki User
∙ 9y ago
Wiki User
∙ 13y agoyes you can receive social security benefits at 53 years of age.
Wiki User
∙ 13y agoThe earliest you are eligible for Social Security retirement benefits is age 62.
Wiki User
∙ 6y agoNot unless you become disabled and are unable to work. Social Security RETIREMENT starts at age 63 or older.
Wiki User
∙ 8y agobold
Add your answer:
Earn +20 pts
Can i collect disability payments from the state of Georgia and social security disability at the same time at age 59?
Don't think so, but go to the social security website for help. You need 40 quarters to collect social security and be 65.
Can I collect my IRA savings if I am over 59 years old and collecting Social Security Disability?
You can begin withdrawing from your IRA without penalty starting at age 59.5. Under normal circumstances, you would have to pay an early withdrawal penalty of 10% if you do not wait the extra 6 months after you turn 59.
Can you receive disability benefits if you are 62?
No, Social Security benefits continue unless you reenter the workforce and engage in Substantial Gainful Activity (SGA), which translates to earning more than an average of $1,000 per month for most disabilities or $1,640 per month for blindness. If you remain unemployed or employed below the level of SGA, disability benefits automatically convert to retirement benefits when you reach full retirement age (for people born before 1943, age 65; for people born between 1943 and 1954, age 66). Your benefit amount will usually remain the same, except for standard cost of living adjustments (COLA), but there will no longer be a limit on the amount of income you can earn.
How extensive is the US' Social Security program?
A private study of the US' Social Security Program released statistics on Social Security using figures from the end of 2014. The study produced figures that showed 59 million Americans were receiving checks covering retirement, disability and survivor benefits. This totaled $850 billion. At the end of 2014, 166 million people were paying into the program through payroll taxes.
What is the age of Pat Summit?
59
What are the release dates for SuperNews - 2005 Social Networking Wars 1-59?
SuperNews - 2005 Social Networking Wars 1-59 was released on: USA: 22 April 2008
Who is Helena Blavatsky?
Helena Blavatsky died on May 8, 1891 at the age of 59.
You are an USA citicent but you leave in another country are you eligible to get back all your social security money withyeld when you were working in USA?
The Social Security website has a chart. http://www.socialsecurity.gov/retire2/retirechart.htm Born 1937 or earlier, then full benefits at 65 years old. Born 1943-54, then full benefits at 66 years old. Born 1960 or later, then full benefits at 67 years old. If you were born between 1938-42, then full benefits start at an age like 65 years and 2 months, or 4 months, or 6 months, etc.... depending on the year you were born. Ditto 1955-59. Here's another useful page from Social Security: http://www.socialsecurity.gov/retire2/
What age did Constance Gore Booth died?
59
Is age 59 to old to become an Actress?
Of course not! You can become an actress at any age! :)
Can hand surgery on the dominant hand lead to not being able to continue to work if you make your living with your hands and draw social security if you are 59?
Social Security Disability is available to those persons who have become disabled either from injury or illness and are unable to continue working. The person must have a specified amount of work quarters to qualify for SSD. Those persons who do not qualify under SSD regulations are generally elgible for SSI and early Medicare benefits. Specific information can be found and all SS forms can be downloaded at Social Security Online, http://www.ssa.gov
What age is the earliest you can retire and not pay any tax penalties?
59 1/2, or in certain cases 55 You can retire at any age if you have the mans. You cannot start drawing social security or withdraw from from qualified retirement accounts without penalty at any age. However, you can start taking withdrawals from a qualified retirement account at any time without penalties...under many circumstances....and as long as the distribution are to be continued equally over your lifetime without stopping. (Not a one time withdrawal).
