Number 58 Meaning. The digit 5 in the number 58 brings an expression of a personal sense of freedom. The digit 8 brings a focus on business and managing people on large projects. Together, 58 reduces to the digit 4, which brings in virtually all of the energy represented by the number 4. Appearing in 'What If. The Punisher Had Killed Spider-Man?' Featured Characters: Punisher Spider-Man (Death) Supporting Characters: Maria Castle (Photo) (Dead) Lisa Castle (Photo) (Dead) Frank Castle, Jr. (Photo) (Dead) Gwen Stacy Antagonists: Miles Warren/Jackal Vulture (Death) Kraven the.
If you were born in 1959 your full retirement age is 66 and 10 months
Remember, the earliest a person can start receiving Social Security retirement benefits will remain age 62.
If you start receiving retirement benefits at:
- age 62, you will get 70.8 percent of the monthly benefit because you will be getting benefits for an additional 58 months.
- age 65, you will get 87.8 percent of the monthly benefit because you will be getting benefits for an additional 22 months.
If you start receiving benefits as a spouse at your full retirement age, you will get 50 percent of the monthly benefit your spouse would receive if their benefits started at full retirement age. If you start receiving benefits at:
- age 62, you will get 32.9 percent of the monthly benefit instead of 50 percent because you will be getting benefits for an additional 58 months.
- age 65, you will get 42.4 percent of the monthly benefit instead of 50 percent because you will be getting benefits for an additional 22 months.
How Your Social Security Benefit Is Reduced
If you start getting benefits at age* | And you are the: Wage Earner, the Retirement Benefit you will receive is reduced to | And you are the: Spouse, the Retirement Benefit you will receive is reduced to |
---|---|---|
62 | 70.8% | 32.9% |
62 + 1 month | 71.3 | 33.1 |
62 + 2 months | 71.7 | 33.3 |
62 + 3 months | 72.1 | 33.5 |
62 + 4 months | 72.5 | 33.8 |
62 + 5 months | 72.9 | 34.0 |
62 + 6 months | 73.3 | 34.2 |
62 + 7 months | 73.8 | 34.4 |
62 + 8 months | 74.2 | 34.6 |
62 + 9 months | 74.6 | 34.8 |
62 + 10 months | 75.0 | 35.0 |
62 + 11 months | 75.4 | 35.2 |
63 | 75.8 | 35.4 |
63 + 1 month | 76.3 | 35.6 |
63 + 2 months | 76.7 | 35.8 |
63 + 3 months | 77.1 | 36.0 |
63 + 4 months | 77.5 | 36.3 |
63 + 5 months | 77.9 | 36.5 |
63 + 6 months | 78.3 | 36.7 |
63 + 7 months | 78.8 | 36.9 |
63 + 8 months | 79.2 | 37.1 |
63 + 9 months | 79.6 | 37.3 |
63 + 10 months | 80.0 | 37.5 |
63 + 11 months | 80.6 | 37.8 |
64 | 81.1 | 38.2 |
64 + 1 month | 81.7 | 38.5 |
64 + 2 months | 82.2 | 38.9 |
64 + 3 months | 82.8 | 39.2 |
64 + 4 months | 83.3 | 39.6 |
64 + 5 months | 83.9 | 39.9 |
64 + 6 months | 84.4 | 40.3 |
64 + 7 months | 85.0 | 40.6 |
64 + 8 months | 85.6 | 41.0 |
64 + 9 months | 86.1 | 41.3 |
64 + 10 months | 86.7 | 41.7 |
64 + 11 months | 87.2 | 42.0 |
65 | 87.8 | 42.4 |
65 + 1 month | 88.3 | 42.7 |
65 + 2 months | 88.9 | 43.1 |
65 + 3 months | 89.4 | 43.4 |
65 + 4 months | 90.0 | 43.8 |
65 + 5 months | 90.6 | 44.1 |
65 + 6 months | 91.1 | 44.4 |
65 + 7 months | 91.7 | 44.8 |
65 + 8 months | 92.2 | 45.1 |
65 + 9 months | 92.8 | 45.5 |
65 + 10 months | 93.3 | 45.8 |
65 + 11 months | 93.9 | 46.2 |
66 | 94.4 | 46.5 |
66 + 1 month | 95.0 | 46.9 |
66 + 2 months | 95.6 | 47.2 |
66 + 3 months | 96.1 | 47.6 |
66 + 4 months | 96.7 | 47.9 |
66 + 5 months | 97.2 | 48.3 |
66 + 6 months | 97.8 | 48.6 |
66 + 7 months | 98.3 | 49.0 |
66 + 8 months | 98.9 | 49.3 |
66 + 9 months | 99.4 | 49.7 |
66 + 10 months | 100.0 | 50.0 |
*If your birthday is on the 1st of the month, we figure your benefit as if your birthday were in the previous month. |
Benefits By Year Of Birth
Full retirement age is the age at which a person may first become entitled to full or unreduced retirement benefits.
No matter what your full retirement age (also called 'normal retirement age') is, you may start receiving benefits as early as age 62 or as late as age 70.
If You Retire Early
You can retire at any time between age 62 and full retirement age. However, if you start benefits early, your benefits are reduced a fraction of a percent for each month before your full retirement age.
The chart below lists age 62 reduction amounts and includes examples based on an estimated monthly benefit of $1000 at full retirement age. Select your year of birth to find out how much your benefit will be reduced if you retire between age 62 and full retirement age.
If your birthday is on January 1st, we figure your benefit as if your birthday was in the previous year.
Full Retirement and Age 62 Benefit By Year Of Birth
Year of Birth 1. | Full (normal) Retirement Age | Months between age 62 and full retirement age 2. | At Age 62 3. | |||
---|---|---|---|---|---|---|
A $1000 retirement benefit would be reduced to | The retirement benefit is reduced by 4. | A $500 spouse's benefit would be reduced to | The spouse's benefit is reduced by 5. | |||
1937 or earlier | 65 | 36 | $800 | 20.00% | $375 | 25.00% |
1938 | 65 and 2 months | 38 | $791 | 20.83% | $370 | 25.83% |
1939 | 65 and 4 months | 40 | $783 | 21.67% | $366 | 26.67% |
1940 | 65 and 6 months | 42 | $775 | 22.50% | $362 | 27.50% |
1941 | 65 and 8 months | 44 | $766 | 23.33% | $358 | 28.33% |
1942 | 65 and 10 months | 46 | $758 | 24.17% | $354 | 29.17% |
1943-1954 | 66 | 48 | $750 | 25.00% | $350 | 30.00% |
1955 | 66 and 2 months | 50 | $741 | 25.83% | $345 | 30.83% |
1956 | 66 and 4 months | 52 | $733 | 26.67% | $341 | 31.67% |
1957 | 66 and 6 months | 54 | $725 | 27.50% | $337 | 32.50% |
1958 | 66 and 8 months | 56 | $716 | 28.33% | $333 | 33.33% |
1959 | 66 and 10 months | 58 | $708 | 29.17% | $329 | 34.17% |
67 | $700 | $325 |
|
Pros And Cons
There are advantages and disadvantages to taking your benefit before your full retirement age. The advantage is that you collect benefits for a longer period of time. The disadvantage is your benefit is reduced. Each person's situation is different. It is important to remember:
- if you delay your benefits until after full retirement age, you may be eligible for delayed retirement credits that would increase your monthly benefit;
- that there are other things to consider when making the correct decision about your retirement benefits; and
- to contact Social Security before you decide when to retire.
If you decide to delay your benefits until after age 65, you should still apply for Medicare benefits within three months of your 65th birthday. If you wait longer, your Medicare medical insurance (Part B) and prescription drug coverage (Part D) may cost you more money.