Tuesday, November 13, 2012

Social Security Benefits for Those Born 1943-1954

Your normal retirement age for social security for this age group is 66 at which point you would get 100% of your monthly benefit. If you start taking social security at age 62 which is the earliest you could take it, your benefit would be 75%. At age 65 the benefit is 93.33%, and at age 67 it is 108%. At age 70 you stop earning any bonus percentage, and your benefit maxes out at 132%. You can go online at www.ssa.gov to apply to view your annual social security benefit statement.

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