age to draw social security
Skip to content. You can get Social Security retirement benefits and work at the same time. However, if you are younger than full retirement age and make more than the yearly earnings limit, we will reduce your benefit. Starting with the month you reach full retirement age, we will not reduce your benefits no matter how much you earn. Social Security. Retirement Planner: Benefits By Year Of Birth. Full retirement age is the age at which a person may first become entitled to full or unreduced retirement benefits. No matter what your full retirement age (also called normal retirement age) is, you may start receiving benefits as early as age 62 or as late as age 70. If you have not worked or do not have enough Social Security credits to qualify for your own Social Security benefits, you may be able to receive spouse’s benefits. Any age and caring for a child entitled to receive benefits on your spouse’s record who is younger than age 16 or disabled. Widows and Widowers may be entitled to a survivor benefit at the age of sixty provided they have not remarried before the age of 60. Also, a disabled widow or widower may receive a disability benefit on the record of a deceased spouse at age 50 provided they have not remarried prior to age 50. Return to: If you will reach full retirement age in 2017, the limit on your earnings for the months before full retirement age is $44,880. Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings. If you were born January 2, 1943, through January 1, 1955, then your full retirement age for social security benefits is 66. If you’re younger than 66, your benefits will be reduced by $1 for each $2 you earn above $15,480. At her full retirement age, she will receive her own $250 retirement benefit, and we will add $150 from her spouse’s benefit, for a total of $400. Keep in mind that you may have options to increase your benefit amounts. If you are 62 years old you can apply to receive Social Security retirement benefits as an individual or as a spouse on a husband or wifes record. To maximize the couple’s Social Security benefits, I suggested that she claim her spousal benefit (not her own benefit) at her full retirement age of 66, and that the husband also claim at 66 but suspend his monthly benefit of $2,356 until he turned 70. If you have not worked or do not have enough Social Security credits to qualify for your own Social Security benefits, you may be able to receive spouse’s benefits. To qualify for spouse’s benefits, you must be: At least 62 years of age; or.
62