Articles for Financial Advisors

Early Social Security benefits

Early Social Security benefits

For someone whose normal retirement age for Social Security is age 66, taking benefits as early as 62 are 25% lower than someone waiting until age 66, as shown in the table below (source: SSA).

 

Age

% Received

62

75.0%

63

80.0%

64

86.7%

65

93.3%

66

100%

 

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