Posted On: February 5, 2013 by Warren Q. Peebles Esq.

How Retiring Early Can Hurt You, Yet Social Security Disability May Help

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With millions of baby boomers retired and another 10,000 entering the ranks every day baby boomers need to evaluate the Social Security Disability. Many boomers who were laid off in the recession took early retirement at 62 instead of waiting till full retirement at 66. The decision to take early retirement will lead to financial consequences that will impact the person that took early retirement and their spouse for decades to come. That is because when you decide to take early retirement you receive a smaller monthly check for the rest of your life. Baby boomers who have not reached the full retirement age of 66 and who suffer from either a physical or mental disability need to consider SSD. Social Security makes it easier for older Americans to be deemed disabled. So if you are unable to work and believe that you are disabled, don’t short change yourself and take early retirement, apply for disability and receive what you are entitled to.