Social Security Is Pushing You to Work Longer – Can You Still Afford to Retire Early?

To get your full Social Security benefit, you may have to work longer than you’d like. If you really don’t want to wait to quit work and start taking benefits, you’ll need a plan that compensates for a smaller monthly check.

A man stare straight ahead with a disappointed look on his face.
(Image credit: Getty Images)

Are you thinking of retiring soon? Perhaps earlier than you had planned years ago? A potential hurdle could be the incentives set up by the Social Security Administration – they calculate your benefits to reward you for staying in the workforce.

But if you are looking to take an early retirement, you’re not alone.

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Disclaimer

Halbert Hargrove Global Advisors LLC is an SEC registered investment adviser located in Long Beach, California. Additional information about HH, including our registration status, fees and services can be found at www.halberthargrove.com. This blog is provided for informational purposes only and should not be construed as personalized investment advice or as a solicitation to offer personal securities transactions. The information provided does not constitute any legal, tax or accounting advice. We recommend that you seek the advice of a qualified attorney and accountant.

Disclaimer

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Vincent Birardi, CFP®, AIF®, MBA
Wealth Adviser, Halbert Hargrove

Vincent Birardi is based in Halbert Hargrove’s Long Beach headquarters and brings more than 20 years of experience in financial services to his wealth advisory relationships with clients — along with a passion for identifying solutions that will enable them to fulfill their life goals. What he values most about his role is helping to bring clarity and peace of mind to clients and their families. Prior to joining the firm in 2018, Vincent held management roles with PIMCO and Morgan Stanley. He was awarded the ACCREDITED INVESTMENT FIDUCIARY™ designation by the University of Pittsburgh-affiliated Center for Fiduciary Studies and is a CERTIFIED FINANCIAL PLANNER™ professional.