Quote:
Originally Posted by gryoung
SS retirement benefits prior to FRA (full retirement age) are reduced by the number of months involved. So if you start your benefits at age 62 + 1 month your benefit will be higher than at age 62. The reduction factor is 5/9 of 1% per month for the first 36 months and 5/12 of 1% for each additional month. Hope this info helps and doesn't confuse you more.
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Totally Got It. No confusion. Very helpful. Thanks!