COVER STORY
Where You Stand on Benefits
Social Security's new sliding scale means that the later you were born, the
older you'll have to be to start collecting your full benefit--and the smaller
your monthly checks will be if you start collecting at age 62
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| IF YOU WERE BORN IN... |
YOU CAN'T COLLECT YOUR FULL BENEFIT UNTIL AGE... |
HOW MUCH YOU LOSE IF YOU START COLLECTING AT AGE 62 |
| 1937 & EARLIER | 65 | 20.00% |
| 1938 | 65 & 2 months | 20.83 |
| 1939 | 65 & 4 months | 21.67 |
| 1940 | 65 & 6 months | 22.50 |
| 1941 | 65 & 8 months | 23.33 |
| 1942 | 65 & 10 months | 24.17 |
| 1943-1954 | 66 | 25.00 |
| 1955 | 66 & 2 months | 25.84 |
| 1956 | 66 & 4 months | 26.66 |
| 1957 | 66 & 6 months | 27.50 |
| 1958 | 66 & 8 months | 28.33 |
| 1959 | 66 & 10 months | 29.17 |
| 1960 & LATER | 67 | 30.00 |
DATA: SOCIAL SECURITY ADMINISTRATION |
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BACK TO TOP
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RELATED ITEMS
When to Collect
TABLE: Where You Stand on Benefits
INTERACT
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