You may claim retirement benefits as early as age 62, however, according to the FRA the average age of retirement is between 66 and 67. By claiming benefits earlier, you risk the possibility of benefit checks decreasing in value. Check out the chart below to find out what your monthly benefit would be depending on when you decide to claim in addition to the year you were born.
No matter what you decide to do (wait until the average 66-67 years of age or claim early) it’s important to know your benefits for different aspects of life so that you can prepare for your future.
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