The downside to an age 62 claim, as you may have noticed in the claiming age table, is that monthly benefits are permanently reduced by 25% to 30%, depending on your birth year. Furthermore, early ...
The average retirement age for Americans is 62. The average retirement age has increased by a few years since the early 1990s, when the average American retired at 57. The expected retirement ...
Your retirement plan depends on your specific circumstances ... You are not maximizing your Social Security. At age 62, you will receive 70% of your total potential benefits each month, cutting ...
You can start getting Social Security retirement benefits when you turn 62 years old, the earliest age when they're available. However, there are downsides to starting benefits at such a young age.
The average retirement age in the U.S. -- ranging from 60 to 62 -- has held relatively steady since 2012, according to a study from Gallup and MassMutual. The average retirement age in 2023 was 62.