Forced To Retire Early? How To Stay Afloat Without Social Security

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Forced to retire early? How to get away without Social Security.

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Claiming Social Security before full retirement age (FRA) has consequences -- that is, you'll be stuck with a lower monthly benefit for life.

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That's why some seniors explicitly aim to wait until FRA filing for benefits to avoid that fate.

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But what if you are forced into early retirement?

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At that point, you may realize that you have no choice but to claim Social Security to pay your bills and avoid depleting your nest egg.

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In fact, you may have some options for withholding Social Security even if your job-related paycheck ends before the scheduled time.

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Get a part-time job If you're laid off at work or health issues keep you from working 40 hours or more a week, you may be struggling to find a full-time job.

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Reduce your lifestyle Losing your job may force you to claim Social Security immediately – unless you are able to take major lifestyle deductions to keep your expenses to a minimum.

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Monetize your homeIf you are forced to retire early and have a large house, an alternative solution to monetizing it may be – monetizing it.

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