Sentences with phrase «recalculated retirement»
At age 66 the SSA would recalculate your retirement age from 62 to 64 (accounting for the cumulative 2 years you did not receive benefits), and increase your monthly benefit to what it would have been if you had retired at 64.
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If your earnings for the prior year are higher than one of the years we used to compute your retirement benefit, we will recalculate your benefit amount.
In addition, after you reach full retirement age, we will recalculate your benefit amount to give you credit for any months in which you did not receive a benefit because of your earnings.
Once you reach full retirement age, the earnings penalty goes away and Social Security will recalculate your benefit amount to credit you for the months you were penalized.
Recalculated Retirement In retirement you will no longer pay Social Security / Medicare taxes or have some of your current work - related expenses for commuting, clothing or meals.
Here is how it works: after reaching full retirement age, Social Security will recalculate your benefit amount to give you credit for any months in which you did not receive some benefit because of your earnings.
However, after you reach full retirement age, we will recalculate your benefit amount to give you credit for any months in which you did not receive some benefit because of your earnings.
In addition, after you reach full retirement age, we will recalculate your benefit amount to give you credit for any months in which you did not receive a benefit because of your earnings.
If your benefit is reduced as a result of the earnings test, the Social Security Administration will recalculate your benefit upward when you reach full retirement age.
You'll still get credit for those earnings and the SSA will recalculate your benefit when you reach full retirement age.
The best way to make these adjustments is to update and re-enter your financial info every year or so into that retirement calculator and have it recalculate the chance of your money lasting a lifetime.