Can Early Retirement Affect My Social Security Payments?
Some may retire early due to health issues or a condition that has prevented them from performing daily tasks at work. If this is the case, you can file for Social Security Disability benefits. This has no effect on your retirement benefits from the company you work for. If your health issues contribute to early retirement, you have a high chance of qualifying for disability benefits, though early retirement can affect your monthly Social Security payments. How can collecting retirement early affect my payments? If you want to start collecting retirement benefits early, your monthly payment will be reduced depending on how early you are claiming. You benefits will be reduced based on the age of your retirement and the age you are claiming your retirement . Your monthly payment can be reduced anywhere from 20 to 30 percent less than you’ll receive at the full retirement age. Should I Wait To Receive Full Retirement Benefits? There is no normal time to receive retirement. S