0
In my case starting to collect at 62 vice 65 meant reciveing an additional 42000 dollars before turning 65. If I had waited till 65 it would have taken about eleven and a half years for the higher benifit to catch up to what I recived. I for one don't know how long I will live but if I get to 75 I am even.
Wiki User
∙ 8y ago
Wiki User
∙ 9y agoBetter is a comparative term. Most people, given the choice, would retire early
Add your answer:
Earn +20 pts
What number is 65 percent of 62?
65% of 62 = 65% * 62 = 0.65 * 62 = 40.3
What is the earliest age I can retire?
The earliest age that you can retire is at 62 years old.
What age group does a person need to be in to be considered a senior citizen?
At the age of 62, a person can retire with social security benefits. Therefore, a person at the age of 62 or older could be considered a senior citizen.
Will you still get your full bebefits at 65 even though you started at 62?
No. The monthly benefit you receive at age 62, plus any annual cost of living adjustments (COLA), will remain the same when you turn 65. When you retire early at age 62 you are basically discounting your lifetime benefits in exchange for 3 extra years of income.
Can i retire at age 62 if i was born in 1970?
Yes, you can start receiving Social Security benefits at age 62. However, your full retirement age is 67 if you were born in 1970, so your benefits will be reduced if you choose to retire at 62. It's important to consider the impact of early retirement on your benefit amount before making a decision.
Can anyone retire at 62?
Yes, anyone can choose to retire at 62, but they may not be eligible to receive full Social Security benefits until reaching full retirement age, which is typically between 66 and 67, depending on the year of birth. Retiring early can reduce the monthly benefit amount received. It's important to consider the financial implications and plan accordingly.
How old do you have to be to retire?
between 65 and 70
How much money can you make if you retire at 62?
How much can you earn, if you retire at 62 and still work.
How do you find out how much you get when you retire at the age of 62?
where can i get info on how much will i receive from social security when i retire at age 62 or how can get in touch with social security
How old was willilam shakespeare when he retire?
he was 62
What age do most Americans retire?
Most Americans retire between the ages of 60 to 70, with the average age being around 65. However, retirement age can vary based on individual circumstances, such as financial stability, health, and personal preferences.
Do all women retire at 65?
no. and it isnt just women who retire.
