Retire In Your 50s? What Happens to Social Security If I Retire Early But Don't Start Until Age 67?
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- เผยแพร่เมื่อ 22 มิ.ย. 2021
- What will happen to Social Security if you retire in your 50s and stop earning a wage? And you don't start until 67 or Full Retirement Age?
Social Security benefits are based on your best 35 years of work history. On your Social Security Statement, you will see the amount of your benefit IF YOU CONTINUE WORKING until your Full Retirement Age. But what happens if you retire early?
-Dave Zoller, CFP®
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Disclosures: Securities offered through LaSalle St. Securities LLC (LSS), member FINRA/SIPC. Advisory services offered through LaSalle St. Investment Advisors LLC (LSIA), a Registered Investment Advisor. Streamline Financial Services is not affiliated with LSS or LSIA. LSS is affiliated with LSIA.
Took my pension at 55,claimed Social Security benefits at 62. No regrets.
Thank you....!!!!!
Really enjoying your videos!
Thanks so much, Tracy!
Good video. Where can I get that calculator to estimate my benefits?
Hi. You mentioned a scenario where a person may change (at 0:42) careers to something less stressful. Can you do another video where you share that scenario? At age 54 I'll be going for the less stressful and less income option till i have to take my sep and my social. Thank you.
Hello…just found this channel and thankful that I did. Thank you for the informative video…I will stay tuned 💕
Wished you were local would really like to sit down and discuss retirement very informative videos
We work with clients all over the USA (and some expats abroad). Reach out anytime.
where did you get that calculator from?
Question, define retire early? The company I work for (tier 4 employee) is 30 years of service and age 55. Assuming I reach 55 I will have 32 years of service. I should not be penalized between 55 and 62. I will also have access to my deferred compensation at age 55.
At the 6:25 mark the difference (rounded) is $300 not $400 ($3,200 - $2,900). Keep the videos & info coming. Love your channel
Thanks for the correction. And for the compliment. I really appreciate it!
So I’m looking at retiring at 58, from the USPS. With 36 years. 33 years of good wage history. I will get a part time job. Will that help my estimate when I collect at 62? And will that part time work . Replace the lower income years. When you were a teenager
Is the only option to collect SS either 62 or your max retirement age?
minimun wage all there life what would you get
This is for starting SS at 67? I’d love to find out optimal time for withdrawal. Prefer 62. Thanks!
I only worked since 1998. I am planning to retire in 3 years @ age 65. How will they calculate 25 years ?
I so need help. My situation is so confusing and overwhelming Pls let me know how I can reach u
Can someone contribute to social security post retirement at the age of 55 till the age to get social security benefit from the pension pot. to get incremental social security benefit after achieving eligible age to get social security benefit.?
What about health ins? If you retire at 56 and have health problems. Just had a quad bypass.
Im71 & getting the SS since I was 66 & still working… if I retire at 72; will my benefit increase; as I’ve contributed in SS from the age 66 to 73?
If I retire at 55 when do I start my monthly benefits
Depletion estimated around 2032
Just subscribed to ur channel.
What happen if I have accumulated 40 points of social security credits and have work for 31 yrs and now retiring at 50, my highest earning was 420,000 in 2011 and my last year salary was 150,000 a year . How is that gonna affect my ss benefits
At 62 - 2,455 a month
At 67- 3,500 a month
At 70- 4,500 a month
How much less will it be ?
The biggest question is, will social security be around in 10yrs when I’m ready to file?