What is the best age to start collecting Social Security benefits?

age 62
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. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase.

Is it smart to take SS at 62?

You can begin collecting your Social Security benefits as early as age 62, but you’ll get smaller monthly payments for the rest of your life if you do. Even so, claiming benefits early can be a sensible choice for people in certain circumstances.

Do Social Security benefits start the month of your birthday?

Social Security benefits are not prorated. They start the month following the birthday. For birth dates from the 21st through the last date of the month, recipients will have to wait until the fourth Wednesday of the month that follows the birthday.

What happens if you stop working at 62 but don’t collect until full retirement age?

If You Stop Work Between Age 62 and Your Full Retirement Age You can stop working before your full retirement age and receive reduced benefits. The earliest age you can start receiving retirement benefits is age 62. If you file for benefits when you reach full retirement age, you will receive full retirement benefits.

How soon should I apply for Social Security before my 66th birthday?

You can apply up to four months before you want your retirement benefits to start.

When can you start collecting Social Security?

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. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase.

What is the earliest age I can begin receiving Social Security retirement benefits?

You can start your Social Security retirement benefits as early as age 62 or as late as age 70. Your monthly benefit amount will be different depending on the age you start receiving it. If you begin receiving benefits before your full retirement age, you will receive a reduced benefit.

How to begin collecting Social Security?

1) Make sure you want to apply. Make sure you make the right decision about when to apply. This is a decision that impacts the rest of your life. 2) Assess eligibility. Make sure you are eligible. To apply for Social Security benefits you must be at least 61 years and 9 months old and have worked at 3) Gather documents. This step might be the hardest part, but still very straightforward. 4) Complete application. With the information listed above, you should be able to complete your application. In person at your local Social Security office. 5) Monitor status. Once your application is submitted, the Social Security Administration will contact you if they have any questions.

When to apply for Social Security to start benefits at 62?

The earliest age at which you can begin receiving your Social Security retirement benefits is 62. You can apply for your benefits 3 months before you turn 62 if you want your payments to start at that age. “Yes,” whether you can apply for benefits now depends on when you want your benefits to start.