Hi,
I understand this question has likely been answered many times in this forum, though I have not found it yet. I apologize for a redundent question.
If I retire at the age of 55 (soon), and start receiving benefits at 62, or 66, what would be the dolloar amount difference?
This is what I see from my SS Statement:
If I stop work at 62 and begin the benefits at 62, I will receive $1656
If I stop work at 66 and begin the benefits at 66, I will receive $2398. A 44% increase comparing to age 62.
Using the SS website Retirement Estimator, I see this senario:
If I stop work at 55 and begin the benefits at 62, I will receive $1441
What I failed to find, is this senario:
If I stop work at the same age of 55, and begin the benefits at 66 in stead, what amount will I receive?
Thanks
I understand this question has likely been answered many times in this forum, though I have not found it yet. I apologize for a redundent question.
If I retire at the age of 55 (soon), and start receiving benefits at 62, or 66, what would be the dolloar amount difference?
This is what I see from my SS Statement:
If I stop work at 62 and begin the benefits at 62, I will receive $1656
If I stop work at 66 and begin the benefits at 66, I will receive $2398. A 44% increase comparing to age 62.
Using the SS website Retirement Estimator, I see this senario:
If I stop work at 55 and begin the benefits at 62, I will receive $1441
What I failed to find, is this senario:
If I stop work at the same age of 55, and begin the benefits at 66 in stead, what amount will I receive?
Thanks