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Am I eligible for benefits in the month I turn 62 or after the actual date I turn 62?

Q) Am I eligible for benefits in the month I turn 62 or after the actual date I turn 62?

A) According to Social Security Administration: To receive retirement benefits, you must be age 62 for the entire month. Since you were born on the 2nd day of the month, we consider you to be age 62 for the entire month. So August is the first month you are entitled to your retirement benefit.

Monthly Social Security benefit payments are received the following month. Therefore, you will receive your first payment in September.




 

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I have continued to work after drawing full retirement, benefit has not increased.

Q) I have continued to work after drawing full retirement, and have been paying into the system. My benefit has not increased. Why? A) According to the Social Security Administration website; You can work while you receive Social Security retirement (or survivors) benefits. When you do, it could mean a higher benefit for you in the future.… Continue Reading

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