What is the earliest age at which a person can start receiving Social Security retirement benefits?

• A. Age 60
• B. Age 62
• C. Age 65
• D. Age 67

Answer: (B)

The earliest age at which a person can start receiving Social Security retirement benefits is 62 years old. At this age, individuals are eligible to begin claiming benefits, though they will receive a reduced amount compared to their full retirement age benefits. Full retirement age varies depending on the year of birth; for those born in 1960 or later, the full retirement age is 67. Therefore, while individuals can begin collecting benefits as early as age 62, it is important to consider that doing so results in a decrease in the monthly benefit amount. Claiming benefits before reaching full retirement age allows access to some financial support earlier, which can be beneficial for those who need it, but it’s essential to weigh the long-term financial implications of receiving reduced benefits.