province noun (REGION) C2 [ C ] an area that is governed as part of a country or an empire: the Canadian province of Alberta. the provinces [ plural ] âº the parts of a country that are not the capital city. More examples. The majority of people in the province are in favour of devolution. an autonomous province.
According to the SSA, more than two-thirds of eligible workers take early Social Security. Robert: If youâre able to wait, delaying taking Social Security increases your monthly benefit by 3-8 percent each year until youâre eligible for the maximum benefit at age 70.
With Social Security, you never run out of money. Tom Sightings For many of us â people born between 1943 and 1954 â the regular retirement age is 66. You're eligible for Social Security as early as age 62, but you suffer a penalty if you start then.You can also delay taking benefits until 70, and then you get a bonus. Tom Sightings. The penalty for taking Social Security early is around 7 percent a year, and the bonus for delaying is also about 7 percent a year.If your benefit at age 66 is figured at the average of $1,268 a month, then you'll only receive about $1,180 per month if you sign up at age 65.ith Social Security, you never run out of money. Tom Sightings For many of us â people born between 1943 and 1954 â the regular retirement age is 66. You're eligible for Social Security as early as age 62, but you suffer a penalty if you start then.