Social Security Retirement Ages

Social Security Retirement Ages

Generally speaking, there are two age groups when you can receive social security retirement benefits. The full retirement age and the reduced retirement age. These two groups are usually not the same, but they are both important to your financial future.

Full retirement age

Using a Social Security calculator can help you figure out what your full social security retirement age is. Your retirement age will depend on your lifestyle and your current savings. Having a large nest egg is important to an early retirement. If you do not have a large nest egg, you may need to work to supplement your income.

You should also consider the impact of work activity on your benefit.

When you reach full retirement age, you will receive a monthly benefit. The amount you receive depends on how much you earn, the age you retire, and other factors. You may also be subject to …

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