She is currently receiving 35 percent of David's benefits because they began collecting benefits early (had they waited until full retirement age
, Ellen would be entitled to 50 percent of David's benefits).
If a person who is eligible for retirement benefits may choose not to receive them and earn delayed retirement credits (DRCs) for any month from full retirement age
up to age 70.
The full retirement age
is no longer 65; for some, it is age 67, depending on the date of birth.
* Surviving spouse at full retirement age
is eligible for full benefits, or reduced benefits as early as age 60, and if disabled, as early as age 50;
The maximum benefit payable to someone retiring at the full retirement age
rises to $1,939 (up $114 over the 2004 maximum benefit amount).
"Otherwise the gap widens between early Social Security retirement eligibility at 62 to full retirement age
of 69--a seven year gap compared to four years in 2022."
1 of any year, refer to the full retirement age
for the previous year.
If you decide to apply for benefits before your full retirement age
, you can work and still get some Social Security benefits.
Imagine you're 45 years old with a projected monthly benefit of $1,700 at (https://www.fool.com/retirement/2019/07/05/is-social-securitys-full-retirement-age-the-same-f.aspx) full retirement age
But if you're younger than full retirement age
and earn more than certain amounts, your benefits will be reduced, although not dollar for dollar.
For those born from 1943 to 1954, it is age 66; for those born between 1955 and 1959, it falls between ages 66 and 67; and for those born in 1960 or later, full retirement age
Full retirement age
is defined as the age someone is eligible for full retirement benefits under Social Security.