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  2. Thinking of Claiming Social Security Early? Here's How Much ...

    www.aol.com/thinking-claiming-social-security...

    It equals a percentage of inflation-adjusted average wages earned in your 35 highest-earning years. When you claim early, that benefit shrinks by 5/9 of 1% per month for the first 36 months, and 5 ...

  3. Early Retirement or Delayed Gratification? A Guide to Social ...

    www.aol.com/finance/early-retirement-delayed...

    Upon turning 62, you qualify to receive early Social Security benefits. But if you do so, the SSA pays out only reduced benefits until you reach full retirement age (FRA).

  4. Social Security retirement age: When to take Social Security ...

    www.aol.com/finance/social-security-retirement...

    Year of birth. Full retirement age. 1937 and before. 65. 1938-1942. 65 + 2 months for each year past 1937. 1943-1954. 66. 1955-1959. 66 + 2 months for each year past 1954

  5. How Social Security benefits work - AOL

    www.aol.com/finance/thinking-retiring-early...

    Your full retirement age, as defined by the Social Security Administration (SSA), isn’t necessarily the age you stop working. It’s based on your year of birth, which typically works out to ...

  6. History of Social Security in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_Social_Security...

    The Social Security Act was enacted August 14, 1935 (88 years ago). The Act was drafted during President Franklin D. Roosevelt's first term by the President's Committee on Economic Security, under Frances Perkins, and passed by Congress as part of the New Deal.

  7. What's the Smartest Age to Take Social Security? It Depends ...

    www.aol.com/finance/whats-smartest-age-social...

    The average retiree receives around $1,298 per month in benefits at age 62, according to 2023 data from the Social Security Administration. At age 70, though, that average is $2,038 per month -- a ...

  8. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance ( OASDI) program and is administered by the Social Security Administration (SSA). [ 1] The Social Security Act was passed in 1935, [ 2] and the existing version of the Act, as amended, [ 3] encompasses several social ...

  9. Social Security Administration - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Administration

    The United States Social Security Administration ( SSA) [ 2] is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability and survivor benefits. To qualify for most of these benefits, most workers pay Social Security taxes on their earnings; the ...

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