The 19Social Security Amendments included a provision for raising the full retirement age beginning with people born in 19or later. Congress cited improvements in the health of older people and increases in average life expectancy as primary reasons for increasing the normal retirement age. You are eligible for your full benefits once you reach full retirement age, which is either and 67. When the Social Security Act was signed into law in 193 the retirement. Anyone who pays into Social Security for at least calendar quarters (years) is eligible for retirement benefits based on their earnings record.
To find out what your full retirement age is, use our Retirement Age. Social Security Full Retirement Age Calculator Your full retirement age is the age at which you are eligible to receive 1of your Social Security retirement benefit. While they are all useful, there currently isnapost a way to help determine the ideal (financially speaking) age at which a person between the ages of 62-70. Retirement Estimator Social Security Administration You can use the Retirement Estimator if: You have enough Social Security credits at this time to qualify for benefits and You are not: Currently receiving benefits on your own Social Security record Waiting for a decision about your application for benefits or Medicare Age or older and receiving benefits on another Social Security record.
Benefits Planner: Retirement Social Security Administration If you were born after 193 you also can start your Social Security benefits as early as age 6 but your full retirement age is more than 65.
Benefits Planner: Retirement Social Security Administration
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