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Essential Insights for Those Turning 62 in 2025 Regarding Social Security Benefits

share-iconPublished: Monday, January 06 share-iconUpdated: Monday, January 06 comment-icon10 months ago
News sources:
USATODAY
Essential Insights for Those Turning 62 in 2025 Regarding Social Security Benefits

Credited from: USATODAY

  • Eligibility Timing: You must be 62 for the entire month to qualify for Social Security benefits.
  • Benefit Reduction: Claiming early impacts your benefits permanently, reducing monthly payments significantly.
  • Impact on Family: Early claims can lower survivors benefits for your family members after your passing.
  • Consider Alternatives: Evaluate if delaying your claim until reaching full retirement age could lead to larger lifetime benefits.
  • Seek Guidance: Consult with the Social Security Administration for questions or clarity before applying.

For more details, visit the original article here.

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Social security Retirement planning Benefits Early claiming Survivors benefits
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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