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With the new year brings many workers countdown to retirement.

Public Affairs Specialist with Social Security, Jack Meyers has some things those thinking about retirement or even those ready to prepare for retirement to keep in mind. He says social security is based off total time worked and the 35 best years of earning are what determine your social security benefits.

[audio:retirementfacts1.mp3]A Word From Meyers[/audio]

Meyers sends a reminder the earliest to take out a retirement benefit is age 62. He says there is a consequence for doing that, he says there is an earnings limit for that, depending on salary. And benefits would be reduced because of taking out before the full retirement ages of 65 to 67 years old.

[audio:retirementfacts2.mp3]A Word From Meyers[/audio]

Meyers lays a scenario of retiring before an individual's retirement age. He says there are pros and cons to retiring early. He says waiting gets you the full retirement benefit.

[audio:retirementfacts3.mp3]A Word From Meyers[/audio]

Meyers encourages anyone with questions to visit the Social Security website at socialsecurity.gov. Also on their website is a retirement estimator that will show the amount of retirement benefits an individual qualifies for. Meyers notes the retirement estimator is very accurate.

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