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Social Security: What’s the best age to retire and collect benefits?

Over 70.1 million Americans currently collect Social Security benefits as a source of income, and 50.4 million are retired.

social security card with cash and check representing benefits

While there isn’t one specific age to collect benefits, there are guidelines.

The age you choose to start collecting benefits will have a direct impact on how much you see each month.


Can I avoid paying taxes on my Social Security benefits?

Full retirement age and Social Security

Every person has a full retirement age, or FRA.

The age you reach FRA depends on the year you were born.

You may start receiving retirement benefits as early as 62, before you reach FRA.


Waiting to claim payments will make them bigger.

The longest you can wait to let them grow is age 70.

Once you reach this age they no longer get bigger.


Is your benefit amount correct based on your work record?

What is my FRA for Social Security?

The age has risen over the years.

This is because people are living longer and working more.

Your FRA is going to be between 66 and 67 based on your year of birth.

The maximum age is 67 for anyone born after 1954.

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