What is NWE PLATT in pricing diesel? NWE is an abbreviation for Northwest Europe. Platts is a pricing agency - someone who makes an assessment of the price given the trading in the day.
However, collecting Social Security retirement early rather than applying for disability has drawbacks that should be considered before making this decision. If you take early retirement once you reach the age of 62, your retirement benefit amount will be permanently reduced. The amount your benefit is reduced depends on the number of months you have until full retirement age (66 in 2016). On the other hand, if you are awarded Social Security disability benefits (SSDI), your benefit amount will be equal to what you were entitled to receive once you reached your full retirement age.
The earlier you start drawing Social Security, the smaller your monthly payment will be. If you start at 62, you will receive 25 percent less per month than you would at your full retirement age of 66 (if you were born between 1943 and 1954). For those born later, the reduction grows gradually to 30 percent. The retirement age is 67 for people born in 1960 or later. For those born between 1955 and 1959, a few months are added each year to bridge the gap from 66 to 67. If you can wait until youâre 70 to claim Social Security, your monthly payment will be 32 percent more. Waiting until after 70 does not increase your monthly benefit. [Read: When You Should Take Social Security .].