As a community service, graduate students in the Sam M. Walton College of Business Administration at the University of Arkansas developed and maintain a web site that includes information on scholarship scams and fraud. The students information is well-researched and provides tips for avoiding scams. They have also identified many good references and resources for finding money for college. You ll need every dime you can put your hands on when trying to finance a college education, so don t spend money on something you can get free. Retirement in the 50s age bracket has become increasingly popular in recent years.
Some early retirements are the result of company downsizings.
Others may occur because the worker simply wants to enjoy more leisure time or pursue a hobby. Whatever the reason for leaving the workforce earlier than the usual retirement age, it can affect the amount of Social Security retirement benefits. Before we explain how early retirement can affect your benefits, you need to know how we calculate them. Social Security benefits are based on your earnings averaged over 35 years of your working lifetime. First, we adjust your actual earnings to account for the changes in average wages since the year the earnings were received.