Social Security Report

Q & A

I’ve noticed that when you are talking about reductions in Social Security benefits for early retirement, you always say the reduction will be about one-half percent. Why do you say “about?” Is it one-half percent? Or is it something else?

Answer: It is “something else” all right! I will attempt to explain. You are right that I almost always throw in that word “about.” As in this statement: If you take Social Security benefits before your full retirement age, your benefit will be reduced about one-half of one percent for each month you are under that age. Read more…

Source: Tom Margenau, tucson.com)

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