What happens to your Social Security income if you retire early at age 62 instead of 65?\ Question 34Answer\ \ a.\ There is no impact on your Social Security income if you retire early.\ \ b.\ There is a temporary reduction of 5/9 of one percent for each month that you receive payments before age 65.\ \ c.\ There is a temporary reduction of one percent for each year that you receive payments before age 65.\ \ d.\ There is a permanent reduction of one percent for each year that you receive payments before age 65.\ \ e.\ There is a permanent reduction of 5/9 of one percent for each month that you receive payments before age 65.