Tuesday, May 18, 2021

If I stop working before I claim Social Security, will my monthly benefit amount be reduced?

If I stop working before I claim Social Security, will my monthly benefit amount be reduced?

Article Excerpt: "...Not necessarily. Your benefit will not fall — you are due a certain benefit based on your work up until now. Quitting work before you're old enough to claim benefits won't reduce that amount when you do claim it. But if you stop work now, your benefit won't get any larger. Social Security benefits are based on your highest 35 years of earnings. If you have fewer than 35 years..."



Resource: www.aarp.org



Read More