Everything You Need to Know About Social Security Retirement Benefits
A comprehensive guide to claiming your monthly check
What are Social Security Retirement Benefits?
Social Security Retirement benefits are monthly payments that replace part of your lost income when you retire or reduce your working hours. You can start receiving these benefits as early as age 62, but you will receive full benefits when you reach your full retirement age (FRA).
Eligibility and Benefits
To be eligible for Social Security retirement benefits, you need to have earned a certain amount of "credits" through your work history. The number of credits you need depends on when you were born. You can also receive reduced benefits if you start receiving them before your FRA.
How to Apply for Benefits
You can apply for Social Security retirement benefits online, by mail, or in person at a local Social Security office. The application process is straightforward and requires information such as your birth date, work history, and estimated retirement date.
Other Considerations
There are several factors to consider when deciding when to retire and apply for Social Security benefits. These include your age, earnings, and health. You should also consider the impact that claiming benefits will have on your income and taxes.
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