Layoff at 57 Triggers Lifetime Social Security Cuts

Being laid off at 57 can permanently lower Social Security benefits because the agency uses the 35 highest-earning years; a period with zero earnings now could nudge the average lower. Claiming at 62 instead of 67 locks in about a 30% permanent cut, shrinking a potential $2,000 monthly benefit to around $1,400 for life. To mitigate, she should check her SSA earnings record, map bridging options (severance, part-time work, or other income) to replace a low year, and delay claiming if possible. Survivors or ex-spouse benefits could affect strategy, and a fee-only planner can tailor a plan.