Retirement can begin at 62
Social security Q&A
Published: November 23, 2008
Q: I have planned on retiring at 62, but I hear the retirement age is rising to 67.
A: While the full retirement age is gradually rising to 67, early retirement remains at age 62. If you retire early, your benefits will be reduced. You also should know that if you choose to keep working even beyond your full retirement age, you can increase your future Social Security benefits. With delayed retirement credits, your benefit will increase by a certain percentage from the time you reach your full retirement age until you start receiving your benefits or until you reach age 70.Advertisement
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