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If you were born in 1957, your full retirement age for Social Security benefits is 66 years and 6 months. This means you would reach full retirement age in July 2024. You can choose to start receiving benefits as early as age 62, but doing so will result in a reduction of your monthly benefit amount.
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When can you draw if born in 1957?
If you were born in 1957, you can begin drawing Social Security retirement benefits at age 62, which would be in 2019. However, if you want to receive full retirement benefits, you would need to wait until your full retirement age, which is 66 years and 6 months for someone born in that year. This means your full retirement age would be reached in 2024. You can also choose to delay benefits until age 70 to receive higher monthly payments.
What is full retirement age when born in 1955?
66yrs 2months
Can people born in 1957 collect social security?
Yes, individuals born in 1957 can begin collecting Social Security retirement benefits as early as age 62. However, their full retirement age is 66 years and 6 months, meaning that if they choose to claim benefits before this age, their monthly payments will be reduced. Those who wait until reaching their full retirement age or even up to age 70 can receive higher monthly benefits.
When is full retirement age for those born in 1986?
Retirement age for someone born in 1988
What is full retirement age if born in 1958?
Under current law, people born in 1968 will reach full retirement age at 67, in 2035.
When is the full retirement age if born in 1945?
If you were born in 1945, your full retirement age for Social Security benefits is 66 years and 2 months. You can start receiving reduced benefits as early as age 62, but waiting until your full retirement age will allow you to receive your full benefit amount.
What is full retirement age when born in 1975?
1975
When is full retirement age when born in 1962?
Your full retirement age is 67. You can start collecting benefits at age 62, but you will receive only 70% of your full retirement amount. The longer you wait, the more you will receive. This holds true even if you wait until after you are 67; you will receive more than 100% of your full retirement age benefit..
Born in 1957 what age do you retire?
If you were born in 1955, full retirement age is two months after your 66th birthday. You can still take early retirement at age 62, but your benefits would be approximately 75% of the amount they would be at full retirement age.
What is the full retirement age for someone born in 1949?
The full retirement age for someone born in 1949 is 66 years and 6 months. This means they can start receiving their full Social Security benefits at that age.
What is full retirement age for someone born in 1950?
Statutory retirement and receiving a state pension depends on the legislation of the country in question and varies.
You were born in 1957 can you draw a State Pension at age 62?
In the US, the earliest age to draw Social Security benefits is 62, but the full retirement age for those born in 1957 is 66 and 6 months. Drawing benefits at 62 will result in a reduced monthly benefit amount compared to waiting until full retirement age. It's advisable to consider your individual circumstances and long-term financial plan before deciding when to start receiving benefits.
