Is It Possible to Collect Social Security at the Age of 67? That May Need to Be Reconsidered.


Many people intend to claim Social Security in their late 60s, but this is not always the case.

If you were born in 1960 or later, your Social Security full retirement age is 67. In other words, you’d have to wait until you reach that age before filing for Social Security to avoid having your standard benefit reduced due to early filing penalties.


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Unfortunately, if you intend to begin receiving checks at full retirement age in order to receive a more generous monthly payment, there is a very real possibility that this will not work out for you. Here’s the primary reason you may want to reconsider your decision if you’ve set 67 as your target age to begin receiving Social Security benefits.

Pursuing benefits at the age of 67 may not work out for one simple reason.

There is one significant reason you may need to reconsider your plans to claim Social Security at the age of 67: You may wish to begin your checks prior to attaining this age.

As you can see, many people wish to work into their late 60s or even early 70s. Frequently, this desire is motivated by financial considerations. If you believe you will have insufficient savings to support yourself in retirement, working until age 67 or beyond can help you boost Social Security, give you more time to invest for the future, and reduce the amount of time you will need to rely on savings.

The only issue is that there is a significant gap between when people intend to retire and when they actually do. Indeed, Employee Benefit Research Institute data indicate that the median retirement age for current retirees is 62. This is despite the fact that the median projected retirement age for current workers is 65, with many younger workers anticipating a retirement date even later.

This research indicates that many people are forced to retire earlier than they had hoped. And if you’re one of the many who must retire before reaching the age of 67, chances are you’ll need to file for Social Security benefits as soon as you stop receiving paychecks, as you’ll almost certainly rely on this money to make ends meet.

Be prepared to file a Social Security claim as soon as possible, even if you hope for a later one.
Unfortunately, while you may have the best of intentions when planning to claim Social Security at age 67, you may find yourself in a difficult situation if your plan falls through.

If you develop a medical problem, have family obligations, or are unable to find a job that suits you as a senior, you may be forced to claim benefits earlier than expected and thus before reaching full retirement age.


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You don’t want to be caught off guard if this happens, so it’s best to plan for retirement with the assumption that you’ll be forced to leave work early and receive a reduced Social Security benefit as a result of an early claim. If you plan for this possibility, you can save enough money to supplement your benefits and support yourself for the duration of your retirement, even if it occurs sooner than anticipated.A

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