Sentences with phrase «although social security retirement benefits»

Although Social Security retirement benefits are protected against inflation by annual Cost of Living Adjustments, the estimated average retirement benefit for retirees is only about $ 1,360 a month, and the survivors of workers receive an average of only $ 1,285 a month (in 2016).

Although Social Security retirement benefits alone are generally not taxable, people with even a modest amount of income in addition to their Social Security payments may pay taxes on their benefits.

Not exact matches

Although Sanders and his wife's joint tax return showed income of only a little more than $ 200,000 for 2014 — including his $ 174,000 salary, his mayoral pension, and their Social Security payments — the senator's expected retirement benefits make his situation much more comparable to those in the millionaire class he faults.

Although most analysis of Social Security benefits assumes that you'll value the money you receive early in retirement only slightly more than the benefits you'll get years down the line, many people expect to get the most out of retirement in the years from 62 to 70.

Just remember: If you work and collect Social Security benefits when you are below full retirement age, your monthly benefit could be reduced if your earnings exceed certain thresholds (although if it is, Social Security effectively restores those withheld payments by increasing your benefit when you reach full retirement age.)

For most, it's having enough money to last the rest of their lives.1 Although Social Security benefit payments provide a stream of income, chances are it won't be enough to cover all expenses throughout retirement.

Although there is no limit on outside earnings beginning the month an individual attains full retirement age, those who choose to begin receiving Social Security benefits before their full retirement age may have their benefits reduced, depending on how much other income they earn.

Although delaying the age at which you receive Social Security may result in higher benefits, and thus increased retirement income, the majority (59 percent) of retirees say they took Social Security before full retirement age.

It did so because, at trial, Wife had testified that, although she was eligible to apply for Social Security retirement because she had turned age sixty - two, she intended to delay applying until age sixty - five so that she would get a higher benefit amount.