First question after joining...so testing the waters here.
I did do an advanced search on thread titles and didn't see one that addressed my first pressing question on how early retirement would effect my social security benefits.
I understand that there are reductions on estimated benefits if you retire before reaching the different qualifying ages (62, 67, 70 etc) for SS.
And - I've read that formula on the .gov site and it made my head explode.
Is there an on-line resource/calculator that you can use to type in the year you wish to retire vs the year you begin collecting SS benefits?
Thanks!
I did do an advanced search on thread titles and didn't see one that addressed my first pressing question on how early retirement would effect my social security benefits.
I understand that there are reductions on estimated benefits if you retire before reaching the different qualifying ages (62, 67, 70 etc) for SS.
And - I've read that formula on the .gov site and it made my head explode.
Is there an on-line resource/calculator that you can use to type in the year you wish to retire vs the year you begin collecting SS benefits?
Thanks!