how old do you need to be to have social security
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How old do you have to be to collect Social Security benefits? Answer by Ma9989009. Confidence votes 52.7K. If you have accumulated enough work credits (typically 40) the earliest you can collect Social Security retirement benefits is 62. At that age, your monthly payment would be about 75% of the amount you would receive by waiting to retire at SSA's full retirement age.
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When Should I Start Social Security? While you can take Social Security starting at age 62, you’re not required to start your benefits immediately. Social Security Beneficiaries have the option of starting their benefits any time they wish between the ages of 62 and 70.
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Social Security: What Every Woman Needs To Know 1 As a worker: You must work and pay Social Security taxes for at least 10 years (40 quarters), and be at least 62 years old.  As a spouse or divorced spouse: You must be at least 62 years old. If you are a divorced spouse, you must have been married to your ex-husband for at least 10 years and be unmarried.
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- The following people are eligible to receive social security benefits: 1  A person 62 years of age or older who has met the social security requirement working credits. 2  A spouse under the age of 62 who has a dependent disabled child living with him or her.
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Benefits Planner: Retirement Even if you have never worked under Social Security, you may be able to get spouse’s retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits. You can also qualify for Medicare at age 65.f you do not live in the U.S. or one of its territories you can also-Contact the nearest U.S. Social Security office, U.S. Embassy or consulate. If your spouse is already receiving benefits when you apply, or if you and your spouse apply at the same time, we will also check your eligibility for benefits as a spouse.
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- When you turn 65, you'll probably need to sign up for Medicare. But when it comes to Social Security, you don't have to do anything now. You can apply for retirement benefits anytime between now and age 70, with your monthly check rising the longer you wait.hen you turn 65, you'll probably need to sign up for Medicare. But when it comes to Social Security, you don't have to do anything now. You can apply for retirement benefits anytime between now and age 70, with your monthly check rising the longer you wait.
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So you want to file for Social Security at 62 The Social Security Administration estimates that 3.9 million people will turn age 62 in 2015 and another 4 million will turn 62 in 2016. In 2014, the average age of men applying for Social Security retirement benefits was 64.4; it was 64.2 for women. Here are three tips to consider: 1.
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- Social Security Benefits Age. You can start receiving Social Security benefits at age 62 but, here's the catch: you'll collect less benefits at age 62 than if you wait until the full retirement age that ranges between 66 (for those born between 1943 and 1954) and 67 (for those born 1960 and later).
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Learn about eligibility for Social Security benefits -- whether you are eligible, when you can collect them, and how much you will receive. For Social Security retirement benefits, you must be between the ages of 62 and 70 to start collecting benefits. To check on your eligibility, see Nolo's article Checking you Social Security Earnings and Benefits or call the Social Security Administration at 800-772-1213. The Social Security Administration used to consider 65 to be full retirement age for the retirement benefit.
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- 1 You must be at least 61 years and 9 months old to apply for retirement benefits. 2  If you are already age 62, you may be able to start your benefits in the month you apply. 3  You should apply for benefits no more than four months before the date you want your benefits to start.f you do not live in the U.S. or one of its territories you can also-Contact the nearest U.S. Social Security office, U.S. Embassy or consulate. Reminders: 1  You must be at least 61 years and 9 months old to apply for retirement benefits.
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What is the Social Security Retirement Age? Social Security's full-benefit retirement age is increasing gradually because of legislation passed by Congress in 1983. Traditionally, the full benefit age was 65, and early retirement benefits were first available at age 62, with a permanent reduction to 80 percent of the full benefit amount. Currently, the full benefit age is 66 years and 2 months for people born in 1955, and it will gradually rise to 67 for those born in 1960 or later.
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10 Numbers Everyone Should Know About Social Security Age 66 is when baby boomers born between 1943 and 1954 are first eligible to collect unreduced Social Security benefits. The Social Security full retirement age is 66 and two months for people born in 1955, and it increases in two-month increments to 66 and 10 months for people born in 1959. The earnings limit for working and collecting benefits at the same time also disappears once you reach your full retirement age.
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- If you start taking Social Security at age 62, rather than waiting until your full retirement age (FRA), you can expect up to a 30% reduction in monthly benefits with lesser reductions as you approach FRA. Remember, FRA is no longer age 65. It now ranges from 66 to 67, depending on your date of birth (see your full retirement age).
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How Old Do You Need to Be to Collect Social Security? Quick Answer. Individuals can collect Social Security payments as early as age 62; however, an individual may not receive full benefits until he reaches age 66, according to the Social Security Administration. At age 62, he can collect 75 percent of his benefits. That percentage increases to 93.3 percent after age 65.
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When should I apply for Social Security? You can retire at any time between age 62 and full retirement age. However, if you start benefits early, your benefits are reduced a fraction of a percent for each month before your full retirement age. Obviously if you can afford not to take your benefits at 62 you should postpone them.lick here for information on continuing to work and the benefits of delaying your Social Security benefits. How to easily apply for Social Security. You should apply for benefits three months before you wish to start collecting. You can apply in as little 15 minutes by going online.
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- Even if you have never worked under Social Security, you may be able to get spouse’s retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits. You can also qualify for Medicare at age 65.
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Publication 970 - Introductory Material Normally, you can start collecting anywhere from age 62 to age 70. If you’re a widow or widower, you can begin receiving Social Security benefits at age 60 (age 50 if you’re disabled). In order to qualify for social security benefits, you’ll need to have earned a certain number of “credits” prior to collecting.
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What are the requirements to receive Social Security benefits? Social security continues to a primary source of income for millions of senior citizens and other people who are incapable of working. While the program does provide a form of income for millions of people, there are some requirements which must be met in order to receive the benefits. A primary requirement for most people to qualify for social security benefits is to meet the age requirement to start taking benefits. Those who are receiving the benefit due to their age will receive it when they turn 62 years of age. However, if they take the benefit before they turn 67 years of age, they will only receive a partial benefit. The benefit will then increase by a small cost of living increase every year after the benefit is taken.
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- You must be at least 61 years and 9 months old to apply for retirement benefits, you must not be currently receiving benefits on your Social Security record, and you can't have already applied for Social Security retirement benefits.
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10 Things To Know About Social Security Workers can begin receiving retirement benefits at age 62, but your benefit will be greater if you wait until your full retirement age (currently 66 for those born after 1942) or later. Widows, widowers, surviving children, the disabled and children of the disabled can start collecting earlier.
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The right time to draw Social Security benefits Age 62 is the minimum age at which anyone can draw Social Security retirement, though we sometimes confuse it with 59-and-a-half, which is the minimum age you may tap into many IRAs and retirement accounts without penalty.
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How Long Before You Draw Social Security Do You Need to Apply? While you can apply for Social Security retirement benefits three months before you turn age 62, you don't have to start collecting your benefits right away.In fact, the longer you wait to start receiving your benefits, the larger your monthly payment will be.tarting Benefits at Age 62. You should apply for Social Security three months before you want to start receiving it, and no earlier than when you're age 61 and nine months.
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The Most Popular Ages to Sign Up for Social Security Monthly Social Security payments are reduced if you sign up at age 63, but by less than if you claim payments at age 62. A worker eligible for $1,000 monthly at age 66 would get $800 per month at age 63, a 20 percent pay cut. If your full retirement age is 67 you will get 25 percent less by signing up at age 63.
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Medicare Benefits If you do not live in the U.S. or one of its territories you can also-Contact the nearest U.S. Social Security office, U.S. Embassy or consulate. Reminders: 1  You must be at least 61 years and 9 months old to apply for retirement benefits.
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How To Apply For Social Security Early Retirement If you are planning to retire and not sure how to apply for social security early retirement, you should learn all the facts. First of all, in order to apply for social security early retirement, you must be at least 62. Realize that early retirement means a decrease in monthly benefit rates in comparison to retiring at 65. Locate and keep all of your documentation in a safe area from which you could gather them in a short time frame.
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10 Things To Know About Social Security At what age can I start collecting Social Security benefits? Workers can begin receiving benefits at age 62, but your benefit will be greater if you wait until your full retirement age (currently 66) or later. Widows, widowers, surviving children, the disabled and children of the disabled can start collecting earlier.