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How To Calculate Your Social Security Benefits: A Step-By …
WebMar 22, 2024 · Defining the Social Security Break-Even Age. Your Social Security break-even age represents, in theory, the ideal point in time to apply for benefits in order to maximize them. Remember, you can begin taking your benefits at age 62 at a reduced amount. But by taking your benefits at this earlier age, you’ll receive more Social … WebApr 6, 2024 · But even if it’s not the age of your maximum benefit, your FRA has other relevance. If you’re working and receiving Social Security before hitting your FRA, the SSA may deduct some money from your benefit amount. For the 2024 tax year, your benefit will be reduced by $1 for every $2 you earn above the earnings limit of $19,560. For the … mcpherson county police department
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