"Essential Social Security Facts for Early Retirees: What You Need to Know"

Early retirees need to consider three key facts about Social Security benefits before making a decision. Claiming benefits before full retirement age results in a lower benefit and limits the chance to earn delayed retirement credits. Additionally, not having 35 years of work history or working exactly 35 years could shrink benefits. Finally, going back to work after claiming benefits may result in a reduction of Social Security income, with earnings limits in place until full retirement age.