62 may refer to:
62 (number)
one of the years 62 BC, AD 62, 1962, 2062
Maybach 62, an ultra-luxury car
M62 motorway in the UK
"Sixty Two", a song by Karma to Burn from the album Mountain Czar, 2016
62 Erato, a main-belt asteroid
May 20, 2024 · That may be true for some, but on average, an American who reaches age 62 is projected to live an additional 20-plus years (21 years for a man and 24 for a woman), according to census data. “A lot of the population is living much longer than in the past,” Munnell says, which means “many will be supporting themselves for a long time in ...
May 31, 2022 · If you retire at 62 and lose your employer’s health insurance, you’ll need to find other coverage until Medicare begins. You have several options. You can transition to retiree health insurance if your employer offers it.
Oct 10, 2018 · By filing at 62, or any time before you reach full retirement age, you forfeit a portion of your monthly benefit. If you were born in 1963 or later, for instance, filing at 62 could reduce your monthly payment by as much as 30 percent. AARP’s Social Security Benefits Calculator can provide more details on how filing early reduces benefits.
Dec 23, 2024 · Starting at 62, your benefits would come to $120,960 over the next eight years. Starting at 70, you’d get approximately $970 more a month, or about $11,640 more a year. It would take about 10.4 years to break even, so you’d be 80 and change when claiming your maximum monthly benefit begins to pay off in terms of total dollars.
Oct 19, 2023 · That’s down considerably from 20 years earlier, when more than half of people starting Social Security did so at 62, despite receiving a sharply reduced monthly payment. But it’s still a lot of people potentially leaving a lot of money on the table: Claiming at 70 results in a benefit as much as 77 percent bigger than what you’d get at 62.
Sep 12, 2024 · A surviving spouse can collect 100 percent of the late spouse’s benefit if the survivor has reached full retirement age, but the amount will be lower if the deceased spouse claims benefits before reaching full retirement age.
Nov 2, 2023 · Starting in 2025, however, savers ages 60, 61, 62 and 63 have a higher catch-up cap. Those in this group can stash an additional $11,250 in a workplace plan, for a total of $34,750. The SECURE 2.0 Act, a 2022 federal law designed to promote retirement saving, included a provision boosting the catch-up limit for the 60-63 set.
Nov 21, 2024 · Workers who are at least age 62 and who have worked at least 10 combined years at jobs for which they paid Social Security taxes are eligible for Social Security retirement benefits. In many cases, spouses, widows and widowers, and divorced people are eligible for benefits based on a current or former spouse’s earnings history.
Oct 10, 2018 · The financial implications are significant. Say you were born in 1963. In 2025, you will turn 62, the minimum age to claim retirement benefits. But if you do so, rather than waiting until your full retirement age of 67, your monthly benefit …
Oct 10, 2018 · If you take a spousal benefit at 62, the earliest eligibility age, your benefit would be based on your spouse's full retirement benefit but with reductions because you are claiming early. Your full retirement age (FRA) is 66 plus 8 months if you were born in 1958, 66 and 10 months if you were born in 1959 and 67 if you were born in 1960 or later.
