What’s the Average Social Security Benefit for Those Who are 66?

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NORA readers will know that age is everything when it comes to claiming Social Security.

Some want their Social Security benefits as soon as possible, which is age 62 for most people, because they either can’t continue working or they don’t wish to.

There are also those who wait a little longer, because they want to raise their payment amount. For some seniors, the age of 66 is the perfect point to claim benefits. Known as the full benefit age (or maybe soon to be the standard benefit age), it seems like a good midpoint to choose as a claiming date.

So what’s the average payout for this age? According to Nasdaq, this number is $1,740. It should be noted this figure isn’t just for those who claimed at this age, but retirees who happen to be this age and are receiving money. Do you think this is a fair number?

Does it make you want to claim earlier? Or later? Share your thoughts! Be sure to follow us on Facebook and Twitter for more content like this. And to keep Social Security benefits rising for all retirees, no matter their claiming age, sign our petition.

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