A measure of the availability of a benefit. The National Compensation Survey (NCS) presents data on the percent of workers with access to, and who participate in, employee benefits.
How to Collect Social Security. The U.S. Social Security Administration (SSA) allows eligible individuals to collect Social Security retirement benefits at any point between 62 and 70 years of age. There are pros and cons to early or late collection, but the process remains the same.
For each birth year after 1954, the retirement age rises by two months, so if you were born in 1959, your full retirement age is 66 and 10 months. You can collect a Social Security retirement benefit starting at age 62, but it will be 30 percent lower than if you waited until age 66.Persons born in 1960 and later must wait until age 67 to collect their full retirement benefit.t that age you can start withdrawals from your 401(k) or IRA without penalty, although you must pay income taxes on the withdrawals. You must start drawing money from the accounts when you reach age 70 Â½.