early retirement

You don’t necessarily have to wait to claim your benefits

You can begin your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, your benefits are reduced by up to 30 percent than your full retirement age monthly benefit. Most financial experts advise…

The Social Security earnings test

You can start your Social Security retirement benefits at 62 but at a reduced rate. According to statistics released by the Social Security Administration, almost 30 percent of Americans eligible for Social Security begin to receive their benefits at 62.…

What you should know before you collect spousal benefits

Coordinating your benefits with your spouse’s benefits can help you to get the most out of your Social Security payments. Your first step in maximizing your Social Security benefits should be to know the rules. There are three rules you…

Don’t rush into claiming Social Security at 62

You can start receiving your Social Security retirement benefits as early as age 62; however, if you start receiving benefits early, your benefits are reduced. Yes, you have been paying into the system all these years, and you want to…

The average retired-worker benefit at age 62

You can start receiving your Social Security retirement benefits as early as age 62; however, if you start receiving benefits early, your benefits are reduced. There are advantages and disadvantages to taking your benefits before your full retirement age; however,…

Why some Americans claim benefits early

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. And, if you delay taking your benefits from your full retirement age…

Thoughts on Avoiding the Age 62 Filing Impulse

Statistically, filing for Social Security at the earliest possible age (62) has always been popular, and still about a third of all new filers are that age. The proportion of early filers has been declining in recent years, doubtless because…

The On-Going “When to File” Debate…Another Perspective

One of the most persistent questions we receive here at the AMAC Foundation Social Security Advisory Service is deceptively simple: “When should I begin drawing my earned Social Security benefit?” And as frustrating as it may seem to our callers,…

There’s a clear advantage to claiming Social Security at a certain age.

Are you aware that the age you file for your Social Security benefits matters? You can start receiving your Social Security retirement benefits as early as age 62 but at a reduced amount. However, if you delay taking your benefits…

Another Perspective on the “Claiming At 62” Question

Age 62 remains the most popular age for claiming Social Security retirement benefits, and there are many pros and cons cited either in favor or disfavor of this as a filing strategy. Here at the AMAC Foundation Social Security Advisory…

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