Start hereDictionarySearch
English
日本語English中文ItalianoFrançaisDeutschEspañol
Sign in Fees and how to study
NOMISMA
Read history Money history: the world and JapanBubbles, frauds and financial crisesPeople who changed moneyReadingsSee all of Read history
Understand how money works Banks and depositsInterest, prices and exchange ratesCash and digital paymentsHistory's lessons for today's decisionsSee all of Understand how money works
Look at coins Browse by photoImages, letters and materialsCare, storage and tradingSee all of Look at coins
Start hereDictionarySearch
Fees and how to study Sign in
Language
日本語English中文ItalianoFrançaisDeutschEspañol
BIBLIOGRAPHY

Benefits Planner: Retirement | Retirement Age and Benefit Reduction

U.S. Social Security Administration (SSA)

Claims Supported by This Source

  1. U.S. Social Security retirement benefits can be received starting at age 62, but the full amount is only available upon reaching full retirement age. Delaying until age 70 increases the benefit amount.
  2. For those born in 1960 or later, the full retirement age is 67. If you start receiving benefits at age 62, a monthly benefit of $1,000 would be reduced to $700 (a 30.00% reduction).
  3. For those born between 1943 and 1954, the full retirement age is 66, and starting at age 62 would result in $750 (a 25.00% reduction).

How to read the verification levels. 'Read' means the material was read in its entirety. 'Bibliography and abstract confirmed' means the bibliographic information and abstract were verified. 'Via course material' means the source was referenced through the main text of a book or a country's monetary history. The text hash is the SHA-256 of the main text from the original source page, excluding tags and whitespace, used to detect if the material has been altered.