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BIBLIOGRAPHY

Benefits Planner: Retirement — Retirement Age and Benefit Reduction

Social Security Administration (U.S.).

Claims Supported by This Source

  1. Retirement benefits can be received as early as age 62, but the full amount is only available upon reaching full retirement age. Delaying from full retirement age until age 70 increases the benefit amount.
  2. For those born in 1960 or later, the full retirement age is 67. Receiving benefits starting at age 62 results in a 30.00% reduction (e.g., $700 instead of a full benefit of $1,000).

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.