Photo: Gary Barnes

Can I retire at 55 and collect Social Security?

ssa.gov - Retirement Age and Benefit Reduction | SSA - Social Security

Why do I feel so weak mentally?

You may be mentally exhausted if you've recently undergone long-term stress, find it hard to focus on tasks, or lack interest in activities you...

Last updated Feb 25, 2019

What is the number one rule of magic?

1. Never tell the secret. Most people asking you to show them how a trick is done are merely curious. But this curiosity and amazement is exactly...

Last updated Aug 20, 2019

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase. If you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age. To find out how much your benefit will be reduced if you begin receiving benefits from age 62 up to your full retirement age, use the chart below and select your year of birth. This example is based on an estimated monthly benefit of $1000 at full retirement age.

Full Retirement and Age 62 Benefit By Year Of Birth

Year of Birth 1. Full (normal) Retirement Age Months between age 62 and full retirement age 2. At Age 62 3. A $1000 retirement benefit would be reduced to The retirement benefit is reduced by 4. A $500 spouse's benefit would be reduced to The spouse's benefit is reduced by 5. 1943-1954 66 48 $750 25.00% $350 30.00% 1955 66 and 2 months 50 $741 25.83% $345 30.83% 1956 66 and 4 months 52 $733 26.67% $341 31.67% 1957 66 and 6 months 54 $725 27.50% $337 32.50% 1958 66 and 8 months 56 $716 28.33% $333 33.33% 1959 66 and 10 months 58 $708 29.17% $329 34.17% 1960 and later 67 60 $700 30.00% $325 35.00% If you were born on January 1st, you should refer to the previous year. If you were born on the 1st of the month, we figure your benefit (and your full retirement age) as if your birthday was in the previous month. If you were born on January 1st, we figure your benefit (and your full retirement age) as if your birthday was in December of the previous year. You must be at least 62 for the entire month to receive benefits. Percentages are approximate due to rounding. The maximum benefit for the spouse is 50 percent of the benefit the worker would receive at full retirement age. The percent reduction for the spouse should be applied after the automatic 50 percent reduction. Percentages are approximate due to rounding.

Before You Make Your Decision

There are advantages and disadvantages to taking your benefit before your full retirement age. The advantage is that you collect benefits for a longer period of time. The disadvantage is your benefit will be reduced. Each person's situation is different. It is important to remember: If you delay your benefits until after full retirement age, you will be eligible for delayed retirement credits that would increase your monthly benefit. That there are other things to consider when making the decision about when to begin receiving your retirement benefits.

Do subscribers get you money?

How Much Money Does a YouTuber Make Per Subscriber? YouTube does not pay you based on the number of subscribers you have on your channel....

Last updated Jul 18, 2018

What dissolves mucus in lungs?

Expectorants, such as guaifenesin (Mucinex, Robitussin) can thin and loosen mucus so it will clear out of your throat and chest. Prescription...

Last updated Jun 13, 2018

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

Which crystal shape is the most powerful?

Pyramids Pyramids are one of the most powerful tools for both manifesting and amplifying energy. This sacred shape has been used by many ancient civilizations, none more famously than the ancient Egyptians.

mindbodygreen.com - Crystal Shapes & What They Mean | mindbodygreen

Someone new to the crystal world may think the way a stone is cut or shaped is purely aesthetic, but there’s a little more to a crystal’s shape than meets the eye. While it won’t change the type of energy that a crystal gives off, the way a crystal is cut can affect and even enhance how you experience that energy. Think about it in terms of music. You can listen to the same song on a record player, with headphones, or through surround-sound speakers and have a completely different experience with it each time. It’s the same song, but the raw texture of a record player, focused feel of headphones, and full-bodied atmosphere of surround sound will all give you different perspectives. Knowing which crystal shape does what will help you amplify your experience based on the mood you’re in. Need to focus? Use a crystal point. Looking for some stability? Go for the grounding essence of a cube.

How to get rich before 25?

5 Habits That Made Me a Millionaire by 25 See the best in every situation. When bad things happen, you can either see the best and stay positive,...

Last updated Sep 17, 2022

How many zodiac ages are there?

twelve astrological ages There are twelve astrological ages corresponding to the twelve zodiacal signs in western astrology. Advocates believe that...

Last updated Feb 22, 2018

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

What does a blue prayer candle mean?

What a blue candle means. Blue candles are often used to promote calm and peace.

Last updated Jun 18, 2019

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

How can I connect to God's presence?

God inhabits the praises of His people (Psalm 22:3). The quickest way for you to enter God's presence is through praise. This activates your...

Last updated Jul 6, 2022