Average Social Security benefit for age 65

Age 65 is a milestone for Americans who are eligible for Medicare and is often considered the right time to retire.

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[{"selector":"#anim-567913fa-84e3-4285-b02c-fa090d0ca13f","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-a448c03b-7562-4b79-86bb-d5f0ce0c8e19 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Starting Social Security benefits at age 65 doesn't mean you'll get the full amount, but the penalty is less than starting at age 62. CREDIT GETIMAGE

[{"selector":"#anim-48f7d2b7-8bb5-428c-a13a-06d5c193798e","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-f91e985b-ea97-4a92-97d0-15bf027a0f06 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The full retirement age is no longer 65. This is 10 months and is 66 years for those who will turn 65 by 2024, and 67 years for those who will turn 65 by 2024. CREDIT GETIMAGE

[{"selector":"#anim-0313e8ed-1acd-4fd7-8791-d872a3f9c259","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-21cd6015-3c0a-4ba9-9730-1c9a8437085d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] A person who is 65 years of age or older in 2024 can receive 87.78 percent of the PIA in 2024, while someone who turns 65 after 2024 will be eligible for 86.67 percent. CREDIT GETIMAGE

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Average Social Security benefit for age 65!

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Average Social Security benefit for age 65

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Age 65 is a milestone for Americans who are eligible for Medicare and is often considered the right time to retire.

Average Social Security benefit for age 65!

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