What is the age limit to begin receiving retirement benefits without reduction?

The age limit to begin receiving retirement benefits without reduction is typically set at 62 years. This age allows individuals to begin taking Social Security retirement benefits without any reduction in the amount they receive. At this age, workers can start receiving their full deferred retirement benefits, assuming they have met the necessary work credits required for eligibility. If they choose to start earlier than this age, their monthly benefit will be permanently reduced based on how many months they are taking benefits before reaching their full retirement age, which is beyond 62 for most people born after 1960. Thus, understanding that 62 is the threshold where one can access benefits without facing a reduction is crucial for planning retirement finances effectively.