Will My Benefits Increase When I Turn 65?
Thursday, 2 May 2024, 14:01
Boosting Social Security Benefits at Age 65
Choosing when to apply for Social Security is a crucial retirement decision. Understanding the government's benefit calculations is essential for maximizing your checks, especially regarding claiming ages.
Important Claiming Ages:
- 62: Initial eligibility
- Full Retirement Age (FRA): Eligible for full benefits
- 70: Eligible for largest checks
Claiming before FRA reduces benefits. Learn how applying at 65 impacts your Social Security payout and strategies to optimize your benefits.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.