Courtesy: Social Security Administration
After a lifetime of working, you deserve a comfortable retirement. For over 80 years, Social Security has been helping people shape their future by assisting them with a variety of benefits.
It is up to you to decide when you want to start receiving retirement benefits. You could start them a little earlier or wait until your “full retirement age,” or even delay retirement in order to get extra money each month. There are benefits to either decision.
“Full retirement age” refers to the age at which a person can receive their Social Security benefits without any reduction, even if they are still working part- or full-time. In other words, you need not stop working in order to receive your full benefits.
For people who reach age 62 in 2018 (i.e., those born between Jan. 2, 1956, and Jan. 1, 1957), full retirement age is 66 and four months. Full retirement age was age 65 for many years. However, due to a law passed by Congress in 1983, it has been gradually increasing, beginning with people born in 1938 or later, until it reaches age 67 for everyone born after 1959.
You can learn more about full retirement age and find out how to look up your own at http://www.socialsecurity.gov/planners/retire/retirechart.html.
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Jane Yamamoto-Burigsay is Social Security’s public affairs specialist in Hawai‘i.