"Essential Social Security Facts for Early Retirees: What You Need to Know"
TL;DR
Early retirees need to consider three key facts about Social Security benefits before making a decision. Claiming benefits before full retirement age results in a lower benefit and limits the chance to earn delayed retirement credits. Additionally, not having 35 years of work history or working exactly 35 years could shrink benefits. Finally, going back to work after claiming benefits may result in a reduction of Social Security income, with earnings limits in place until full retirement age.
Topics:businessretirement-planning#benefits#early-retirement#retirement-income#retirement-planning#social-security#work-history
- 3 Social Security Facts Every Early Retiree Needs to Know Yahoo Finance
- 3 things to know about retiring early and Social Security USA TODAY
- Here's the Average Social Security Retired-Worker Benefit by Age The Motley Fool
- As more Americans reach 65 than ever, here's what to know about your Social Security retirement age CNBC
- Claiming Social Security at 62? Here Are 3 Reasons You Might Take Home Less Than You Expected Nasdaq
Want the full story? Read the original reporting
Read on Yahoo Finance