Tag Archives: Early Retirement Benefits

Part 3 : Tom Clark, Social Security Expert, with Audio – Social Security Retirement Benefit … Earliest Age, Full Retirement Age

Part 3 from our  Social Security Event earlier this year, Expert, Mr. Tom Clark, continued with the meat of Social Security, Retirement Benefits …. that Social Security Provides. Part 1 Here , Part 2 Here and Direct Audio Here on our site for your viewing/listening pleasures.

Social Security Retirement Age(s) Benefit(s)

  • Retirement Benefits are available at age 62 at a discounted amount
  • Benefits increase (discount fades) monthly until full retirement age
  • Full Retirement age is a moving target based on laws changed in 1983 and implemented over several decades
  • The attached chart shows exactly your full retirement age
  • In 2019, you may have earnings up to $17,640 before tax penalties begin if you are drawing Social Security BEFORE full retirement age
  • Via Social Security Administration – In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit. In 2019, the limit on your earnings is $46,920 but we only count earnings before the month you reach your full retirement age.
Age To Receive Full Social Security Benefits
(Called “full retirement age” or “normal retirement age.”)
Year of Birth * Full Retirement Age
1937 or earlier 65
1938 65 and 2 months
1939 65 and 4 months
1940 65 and 6 months
1941 65 and 8 months
1942 65 and 10 months
1943 – 1954 66
1955 66 and 2 months
1956 66 and 4 months
1957 66 and 6 months
1958 66 and 8 months
1959 66 and 10 months
1960 and later 67

Multiple Audio for Different Devices – Mr. Tom Clark – If first does not work, click next file – all are same audio, just different formats

Wave file format:

MP3 File Format:

OGG File Format:

M4A File Format:

As a last resort – Click Here for Direct Link to Audio Posted on our Special Social Security Page

Have a Great “Understanding Social Security Retirement/Early Age Benefits” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents

Analyzing Early (Pre Full Retirement Age) Social Security Benefits (Audio)

As we continue down the Social Security clarity path from our Private Client Roundtable event earlier in the year, this week we dissect the early retirement benefit.

Taking Social Security Benefits Early

Early Bird

  • Age 62 is the earliest regular benefit, but is reduced monthly for early retirement
  • At age 62 you will receive between 70-75% of your full benefit had you waited until full retirement age
  • US Government actuaries estimate most will live 30 years after age 62 (yes, 92 at least)
  • About 50% of people take their Social Security at 62
  • Large number of remaining people take immediately after retirement, not at full retirement age
  • Taking benefits early has an approximate 12 year break even for waiting until full retirement age (roughly age 78 is crossover)

Click Here is Audio is not Showing

There are several other interesting statistics included in the Audio!

Have a Great Day!

John A. Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225