• Question
  • Discount Rate

    Asked by someone from Arlington, TX on 4/10/2014

    WHAT IS THE DISCOUNT RATE IF RETIRING 1, 2, OR 3 MO PRIOR TO NORMAL RETIRE DATE

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  • Categories: How Calculated?, Social Security

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • If you are looking at Social Security, then basically they discount your benefits approximately 0.55% for each month BEFORE your Full Retirement Age that you claim Social Security. You can read more here: https://www.newretirement.com/Services/Social-Security-When-To-Start.aspx

  • Login to rate this answer:   Answered on 4/14/2014
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.