If you retire early to draw Social Security benefits,your benefits will be reduced proportionately for the first year.

Name: If you retire early to draw Social Security benefits,your benefits will be reduced proportionately for the first year.
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Social Security benefits are reduced based on the number of months you claim benefits before your full retirement age, not just proportionately for the first year. This reduction is permanent, not just for the first year of retirement.

If You Retire Early to Draw Social Security Benefits,your Benefits