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Benefits Calculated for an Early Filer Can Increase…Here’s How - finance.yahoo.com
Nearly a quarter of those reaching Social Security’s early retirement age (62) elect to take that step and absorb the benefit reduction—30% if your full retirement age is 67. They assume that to be a permanent reduction, and in the vast majority of cases, it is. There are, however, provisions in the Social Security rulebook that can lead to later increases in the calculated benefit for early filers, two of which require actin by the claimant, and two of which can happen automatically. The Motley Fool’s Kailey Hagen, CFP explains these provisions in a post on finance.yahoo.com.
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