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age for full social security benefits
Old 09-04-2018, 03:38 PM   #1
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age for full social security benefits

I've heard both 67 (for those born in the early 60s and later) and 70. So which is it: 67 or 70?
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Old 09-04-2018, 03:39 PM   #2
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https://www.ssa.gov/planners/retire/agereduction.html
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Old 09-04-2018, 04:10 PM   #3
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Originally Posted by genxer67 View Post
I've heard both 67 (for those born in the early 60s and later) and 70. So which is it: 67 or 70?
If you claim your benefits at 67, you'll receive your "full" amount.
If you claim your benefits at 70, you'll receive an even "fuller" amount.

See: https://www.ssa.gov/planners/retire/retirechart.html

and: https://www.ssa.gov/planners/retire/delayret.html

It's silly for Social Security to use the word "full", IMHO.
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Old 09-04-2018, 04:10 PM   #4
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Originally Posted by genxer67 View Post
I've heard both 67 (for those born in the early 60s and later) and 70. So which is it: 67 or 70?
67 as you can see from the chart. 70 y.o. is the age where you can maximize the SS payouts. It doesn't make financial sense to wait longer than 70.
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