How to calculate the Social Security early retirement penalty -

When it comes to your Social Security benefits, you have a lot of choices regarding when to start getting those monthly checks.  According to the Center for Retirement Research, the most popular age to claim benefits is 62, while claiming at full retirement age (FRA) is the second most popular. However, retiring before your full retirement age will result in a permanent reduction in your monthly payment.  But how do you know what your reduction will be? Greg Heilman explains how the reduction is calculated and where to find the tools you will need to calculate your monthly benefit. Read Mr. Heilman’s article here…

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