Your retirement age may have changed this year: What to know
Summary
Your retirement age may have changed this year, affecting when and how much Social Security money you receive. Retiring too early can lower your monthly Social Security payments.Key Facts
- You can choose to retire at any age you want.
- Social Security payments depend on your retirement age.
- Retiring earlier than the full retirement age reduces your monthly benefits.
- Full retirement age varies based on birth year and changes over time.
- Waiting to retire past the full retirement age can increase your monthly payment.
- Changes in retirement age rules can affect your financial planning for retirement.
- Social Security is a government program that pays money to retirees.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
