What Happens To Social Security When You Retire at 55
00:00 Intro 01:30 Self Funding 02:55 Reduced Benefit for Claiming Early 03:21 Increased Benefit for Delayed Claiming 03:48 Impact of Retiring at 55 on Social Security 04:33 AIME - Average Indexed Monthly Earnings 04:55 Social Security Example with 30 Years of Earnings 06:18 Example - Claiming Early 06:47 Example - Delayed Claiming 07:07 Impact of $0 Earning Years 07:49 Opportunity Cost 09:24 Wage Indexing 11:08 Bloopers Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research. Join the family & subscribe to my channel here: / erintalksmoney Thanks for watching, I appreciate you!
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