early retirement

Upcoming Social Security Changes in the Next Few Months – How They Will Affect Retiree Paychecks

by
Joe Biden

The Social Security Administration (SSA) is the federal agency responsible for sending out millions of benefit checks to more than 71 million beneficiaries in the United States. Established in 1935, the SSA continually evolves, making changes to its requirements and developing new rules for the Retirement, Survivors, and Disability Insurance (RSDI) and Supplemental Security Income … Read more

Bad News for Those Born in 1973 Who Want to File for Social Security at 62

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Girl holding money bill of 300 dollars on background of sea ocean waves.

Choosing to receive Social Security retirement benefits at age 62 is an option available to all eligible Americans. However, opting for early benefits means accepting a reduction of about 30% in your monthly payments. This can significantly impact those who rely heavily on Social Security to cover their living expenses. Furthermore, recent announcements from the … Read more

Hundreds of 62-Year-Olds to Receive a $2,710 Payment from SSA

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Background of the US Dollar - Landscape Layered together in several mattresses in white.

Millions of Americans receive payments from the Social Security Administration (SSA), but only a small fraction qualify for the largest checks or direct deposits. Understanding how the SSA’s rules work is crucial to maximizing your retirement benefits. Early Retirement at 62 At age 62, the average Social Security payment is less than $1,300 per month. … Read more