When Do People Start Collecting Social Security?

March 29, 2024
An elderly couple and a dog are sitting on the beach, looking at the ocean.

There's no "right" age to begin receiving Social Security retirement benefits.

It's a personal decision based on multiple factors, including how long someone wants to work and how much retirement income is needed. Workers are entitled to full benefits at their full retirement age (FRA) — 66 to 67, depending on year of birth. Claiming before FRA (as early as age 62) will result in a permanently reduced benefit, while claiming later will result in a permanently increased benefit due to delayed retirement credits, which can be earned up to age 70.

A couple of people are sitting next to each other with a dog and a graph about men and women retirement age.

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

Man at desk in a modern office, gazing thoughtfully out the window, laptop in front of him.

Beneficiary Designations: Who Gets the Money?

By TFC Team • October 21, 2025
It is important to review your beneficiary forms. Even if your family situation remains the same, making sure your designations reflect your current wishes is good.
Man and woman looking at a laptop together, woman wearing red and man blue, in front of a bright window.

Finish the Year Strong by Considering These Tax Moves

By TFC Team • October 21, 2025
Learn about different deductions that can help you with your taxes. We recommend reviewing your tax strategy towards to end of each year to find opportunities.
Three generations of women smiling and planting.

Balancing Life in the Sandwich Generation

By TFC Team • October 21, 2025
What is the "sandwich generation" and how to navagate it. We highlight five key impacts to help you while caring for children and aging adults in your life.
People holding coins, gift boxes, and a heart, promoting charity or support.

Record Charitable Giving in 2024

By TFC Team • October 21, 2025
We show the numbers of charitable giving in billions compared to inflation from 2015 through 2024. How will tax treatments of charitable contributions effect giving?
Show More