When to Claim Social Security Benefits
The age when you first claim your benefits is important, because your benefit will be reduced if you begin claiming it before your full retirement age. Depending on your birth year, your full retirement age is anywhere from 66 to 67 years old, as shown in the table below. If you begin claiming your benefit then, you receive the full PIA (primary insurance amount). But the PIA is reduced proportionally if you begin claiming earlier – and, if you do so, you’re locking in the reduced benefit amount for the rest of your life. So think long and hard before deciding to claim early.