Will Your Social Security Benefit be Reduced?

Not waiting until your Full Retirement Age (FRA) to claim your Social Security benefit will most likely result in having your benefit amount reduced.

The largest reduction occurs if you claim your Social Security benefit at age 62, and your FRA is 67. In this scenario, your benefit is reduced by 30%. Before you make the decision to file for your Social Security benefit, use this flowchart to help determine if your benefit may be at risk of being reduced.