62 is the age at which you first become eligible for Social Security benefits but there is a big advantage to waiting a year or two to collect SocialSecurity. InvestigateTV Consumer Investigator RachelDePompa explains the pros/cons of early retirement.
they have earned over their lifetime.required the gradual increase in full retirement age over time.
Per the SSA, those born between 1943 and 1954 receive full retirement at age 66. After that, the full retirement age increases by two months each year. If you were born 1960 or later your full retirement age is 67. Retirees who choose to delay receiving Social Security benefits can qualify for delayed retirement credits that could boost benefits by 8% each year until 70 years old.While Social Security benefits are an important part of any retirement plan,
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