Social Security
Last Updated: 10/31/2024 Here's everything I know about Social Security. Please comment or send me a note if you think something is wrong, misleading or misrepresented. Must work at least 10 years to collect Go to ssa.gov to see what you're eligible for Each year, payout will get a COLA (cost of living) adjustment Full Retirement Age (FRA) if born on 1960 or later is 67. https://www.socialsecurityintelligence.com/social-security-age-of-retirement/ You can take as early as 62 at a reduced rate https://www.ssa.gov/benefits/retirement/planner/1960.html You get 100% at FRA, and 8% more every year after, up to 70 Spousal benefit - up to half at FRA, see above. Wage earner must have filed, you must be at least 62. If divorced at least 2 years, but married at least 10, you can get spousal benefit - even if spouse didn't file. If widow - can take as early as 60, will be reduced if taken before FRA, cannot delay if spouse started taking before dying. If you work while taking socia...