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
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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.
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