What is the full retirement age for Social Security benefits?
The full retirement age for Social Security benefits varies depending on your birth year. For those born in 1960 or later, it's 67.
Can I start receiving benefits before my full retirement age?
Yes, you can start receiving benefits as early as age 62, but your monthly benefit will be reduced.
What happens if I delay my benefits past full retirement age?
If you delay your benefits past your full retirement age, your monthly benefit will increase until you reach age 70.
Are there any advantages to waiting until 70 to claim benefits?
Yes, waiting until age 70 can significantly increase your monthly benefit, providing more income in retirement.
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