How do I know I'm getting credit for the years I worked? The Social Security Administration (SSA) mails out a summary of your benefits each year, about three months before your birthday. You can al

How does Social Security work? A financial safety net for older Americans, Social Security was established in 1935 by the Social Security Act. Before that, support for the elderly wasn't a federal

How much will my payments be if I wait until age 70? Your benefits payment goes up 8% for every year after full retirement age that you delay collecting payments. Until you turn 70, of course - tha

How much will my payouts be if I collect at 62? It depends on when you were born. For example, if you were born between 1943 and 1954, your payouts will be reduced 25% if you start receiving benefi

If your full retirement age is older than 65(that is, you were born after 1937), you still will be able to take your benefits at age 62, but the reduction in your benefit amount will be greater than

The Difference Between Retirement Age & Stop Work Age Your retirement age is the age at which you begin receiving Social Security retirement benefits. Your stop work age is the age at which you