Some people take the early retirement option at age 62. According to the social security administration,

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08-01-2021
Business

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Some people take the early retirement option at age 62. According to the social security administration,

Sagot :

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TenishaTon TenishaTon · Answer 1 · 2021-01-10T22:53:22-05:00

Answer: The workers who plan to take retirement at the age of 62 then according to the social security the concerned person will receive reduced benefit.

Explanation:

The person can take maximum benefit of retirement if he or she retires at a age of 70. At this age there are lot of benefits (delayed retirement credentials)

If someone takes a retirement at the age of 62 then he or she is taking early retirement.The person can choose to retire at an early but there will be a reduction in benefits which is approximately 30 per cent.

So, retirement at the age of 62 is early retirement according to social security retirement.

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