Social Security Reduced at 62 ?

by Herman

If I retire at 55 after 30 years of work, and don't work again -- and start collecting social security at 62, will my social security benefit be reduced?

Wendy Yes, for several reasons:

l) you worked 30 years, not 35 used in the calculation

2) age 62 is considered an early retirement, not full Social Security age

Read lots more: Social Security: early retirement.

There is so much more you should know before you stop working.. read about the Social Security Application rules here.

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