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Is it best to draw Social Security benefits at 62 or full retirement age?

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The answer depends on your individual circumstances; however, if you begin drawing retirement benefits at age 62, your check will be approximately 75% of what you would receive at full retirement age (most likely 66). This will be your base rate for the remainder of your retirement.
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At what age can you draw Social Security benefits?

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 re

Will your pension check reduce your Social Security benefits before full retirement age?

No. Only earned income is counted toward the $14,160 annual cap and still allow you to receive full benefits between the ages of 62 and the year in which you achieve the full

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 you draw disability Social Security at the age of 58 when will you draw Social Security retirement benefits?

Social Security Disability (SSDI) benefits automatically convert to retirement benefits at the same rate of pay when the person reaches full retirement age. There is no increa

Do Social Security disability benefits stop at age 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

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

How much money can you earn at age 65 and draw full social security benefits?

At age 65 which is no longer the benchmark retirement age, you are subject to the earnings test until you reach the year of your normal retirement or full retirement age. Fo

What is the maximum Social Security benefit at age 62?

The exact amount of your benefit is calculated based on the average of your 35 highest-earning years, which varies by individual. At age 62, you would receive 75% of the amoun

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

If born in 1963 can i draw social security at age 62?

it is now 2017 and If you were born in 1963, you are now 54. In theUK you are of working age and provided you qualify, you could claimjobseekes allowance if you are out of wor