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The Financial Implications of Retiring Early
Filing for Social Security benefits before your full retirement age, as most people know, results in a permanent reduction in your monthly benefit amount. Sure, you’ll get more payments for a longer period of time, but in later years that reduced benefit could be a problem. But what if you retire early and have not accumulated the highest average monthly earnings you could have? This is another implication that needs to be considered when planning for the financial aspects of your retirement years. Financial Advisor Dallen Haws, in a post on www.fedsmith.com, explores this matter. Check out his article here…