How Much Will Your Social Security Be Reduced If You Retire Early?

newsfeedback@fool.com (Christy Bieber), The Motley Fool
Sun, 04/08/2018 - 2:45am

Are you thinking about claiming your Social Security benefits soon? Before you decide to start taking your benefits, it's important to determine if you've reached your full retirement age. If you haven't, claiming Social Security now instead of waiting could result in much lower benefits.Social Security benefits are calculated based on a formula that factors in your highest 35 years of earnings, adjusted for wage growth.

Topics: social security administration images social security retire benefits claiming benefit formula full

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How Much Will Your Social Security Be Reduced If You Retire Early?

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