What percent of Social Security does a divorced spouse get?
What is the average Social Security check at 62?
For example, the AARP calculator estimates that a person born on Jan. 1, 1958, who has averaged a $50,000 annual income would get a monthly benefit of $1,499 if they file for Social Security at 62, $2,092 at full retirement age (in this case, 66 years and eight months), or $2,650 at 70.
Can I retire at 62 if I was born in 1958?
If you were born in 1958 your full retirement age is 66 and 8 months. You can start your Social Security retirement benefits as early as age 62, but the benefit amount you receive will be less than your full retirement benefit amount.
Is Retiring Early worth it?
Pros of retiring early include health benefits, opportunities to travel, or starting a new career or business venture. Cons of retiring early include the strain on savings, due to increased expenses and smaller Social Security benefits, and a depressing effect on mental health.
What should you not do in retirement?
10 Things Not to Do When You RetireEnjoy, but Don’t Be Undisciplined. Don’t Immediately Downsize Your Home. Don’t Blow Your Savings. Don’t Neglect Your Estate Planning. Don’t Expect Relationships to Remain Unchanged. Don’t Be Afraid to Try New Things. Don’t Let Loneliness Creep Into Your Life. Don’t Neglect Your Appearance.