Getting Social Security at 62


Q. If I decide to begin receiving Social Security payments at 62 years old, which is approximately $1,760 per month, will I get the full amount of $2,454 per month when I reach the Social Security retirement age of 66?

A. No, your Social Security benefit will be permanently reduced. That’s the price you’ll pay for claiming early: You’ll increase your income for the four years between your 62nd birthday and your full retirement age, in exchange for reducing it for the years between your full retirement age and your death.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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