Thursday, May 20, 2021

How much does Social Security increase each year after 62?

Title: How much does Social Security increase each year after 62?

Article Snip: "...If you claim Social Security at age 62, rather than wait until your full retirement age (FRA), you can expect up to a 30% reduction in monthly benefits. For every year you delay claiming Social Security past your FRA up to age 70, you get an 8% increase in your benefit..."

Reference: www.fidelity.com
How much does Social Security increase each year after 62?

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