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What benefit did the social security act provide to people who were not of retirement age?

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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 wou

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

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

Can you collect unemployment benefits while receiving Social Security benefits after age 65?

Yes. It has been found, however, that for some reason some states (Virginia, for example ) reduce the amount of your unemployment compensation by the amount of your SS, which

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 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

How does Social Security help retired people?

It is a supplement, along with other savings and assets to provide the retiree with sufficient funds to live comparatively comfortably after their working years, when they are