Samuel's full retirement age is 65 years old and his monthly benefit at that age is $1,000.According to the Social Security Administration retirement program,if Samuel decides to take retirement as early as age 63,his monthly benefit will be

Question

Quizplus · Accepted Answer

If Samuel decides to take retirement as early as age 63, his monthly benefit will be reduced by 20%. 
$1,000 x 0.80 = $800 
Therefore, his monthly benefit will be $800, which is less than $1,000 but greater than $0.

Samuel's Full Retirement Age Is 65 Years Old and His