How Social Security Benefits Are Reduced

Most people fundamentally understand that if Social Security benefits are taken early they are reduced, and that is true not only for Social Security retirement benefits but also for spousal benefits and survivor’s benefits. But considerably fewer people understand exactly how much of a reduction they’ll incur by claiming benefits early. This Motley Fool article appearing at FOX Business News describes in detail how each type of Social Security benefit is reduced. Click here to read more.

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