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Your age determines what actions you may take in your retirement plan. For instance, your age affects when you may: join a plan, make catch-up contributions, take money from your plan without paying additional taxes, and; be required to take money from your plan.
The normal retirement age (NRA) is the age at which retirement benefits (before rounding) are equal to the "primary insurance amount." The table below shows how NRA varies by year of birth for retirees.
19 sie 2024 · Full accrued benefit -- the plan will set a normal retirement age, which is when you will be eligible to receive (or begin to receive, in the case of annuity or installment payments) your full accrued benefit. Early or phased retirement -- the plan may permit earlier distributions when you:
You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase.
24 wrz 2021 · Full retirement age generally means the age at which you become eligible to receive full benefits from Social Security. Choosing to receive benefits before you reach full retirement age means...
13 maj 2024 · You'll get your full benefit by waiting until your full retirement age (67 for most people working now). For every year you delay your claim past your full retirement age, you get an 8% increase in your benefit. That could be at least a 24% higher monthly benefit if you delay claiming until age 70.
7 sie 2024 · The retirement age at which you can receive full retirement benefits from Social Security is called the full retirement age (FRA). It's also known as normal retirement age.
