How Retiring Early Affects Your Social Security
Retiring at age 55 can significantly affect your future Social Security benefits, since official benefit estimates assume you will keep working and earning at your current level until retirement. Stopping work early introduces zero-income years into your record, which can reduce your calculated payout.
In this episode of the podcast, Sam Benson and Linwood Fraher explain how Social Security benefits are calculated and how early retirees can strategically plan around potential benefit reductions. They cover important topics like understanding your online Social Security statement, bridging…
The skinny
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