- How It Works
- ServicesServicesOverviewChoose the right level of support for your plan and needsExpert ReviewA comprehensive review of inputs and reports to get you on the right pathFiling AssistanceLet our experts deal with Social Security for youClawback AssistanceFor those who need help fighting a Social Security benefit clawback
.png)
- Why Choose Us
- ResourcesResourcesBooksFrom the world-renowned economist behind Maximize My Social SecurityWebinars & PodcastsExpert tips and guides to help you get the maximum from Maximize My Social SecurtyArticlesIn-depth commentary on Social Security from our founderAsk LarryThousands of questions answered by our Social Security expertsBlogSocial Security insights to help you maximize your lifetime benefitsFAQYour most pressing questions answered
- Pricing
Ask Larry
Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
How Will It Affect My Social Security Payment If I Start Drawing At Age 65 1/2?
My dob is 12/11/56 if I retire at age 65 1/2. How much will that affect my social security check.
Hi. Based on your birth date, your full retirement age (FRA) is 66 & 4 months. Therefore, if you start drawing your Social Security retirement benefits at age 65 1/2, you'd be starting 10 months prior to FRA. People who start drawing their benefits at FRA receive 100% of their primary insurance amount (PIA). But, if you start drawing 10 months before FRA you'll be paid roughly 94.4% of your PIA instead.
You may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully analyze the options available to you in order to determine your best strategy for maximizing your benefits.
Best, Jerry
Category:
Posted:
July 28, 2021