Factors That Impact How Much Social Security You Will Get

At age 62, you can begin receiving a portion of your Social Security benefit.

However, to be paid 100 percent of the benefit for which you qualify,

you must reach your full retirement age,

Which is based on the year you were born.

Currently, the full retirement age for individuals born between 1943 and 1954 is 66.

Individuals born between 1955 and 1959 reach 100 percent

After 66 years plus a specific number of months.

For example, if you were born in 1957

your full retirement age is 66 and six months.

For those born 1960 and later, full retirement age

And 100 percent eligibility is at age 67.

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