Sentences with phrase «security at my full retirement age»

Say that each spouse was due $ 2,200 a month from Social Security at their full retirement age of 66.

I plan to take Social Security at my full retirement age of 67.

Unfortunately, it's common to see couples in which both spouses start taking Social Security at full retirement age (or close to it), despite the fact that there would have been a strictly - superior strategy available to them.

Your PIA is the base benefit you will receive from Social Security at your full retirement age.

Not exact matches

For example, my full retirement age is 67 and if I claim at age 62, the earliest age at which I can file for Social Security benefits, my benefit will be equivalent to 70 % of my full retirement age benefit.

The estimated Social Security benefit for workers retiring at full retirement age in 2018 is $ 1,404.

The survey of 903 adults aged 50 or older, who are either already retired or plan to retire in the next ten years, revealed those who began receiving Social Security income early report a lower average monthly payment ($ 1,190) than those who started at their full retirement age ($ 1,506) and those who delayed benefits until age 70 ($ 1,924).

I plan on taking Social Security at 66, because that will be full retirement age for me, and my wife will receive 50 % of my benefit when I claim it (the max she can get).

Here's how it works: A person files for Social Security retirement benefits at full retirement age, but then suspends payment of them.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

Pundits spend a good deal of time advising Americans about the best age to claim Social Security — at age 62, at full retirement age, at age 70 and the like.

You can begin collecting Social Security at 62, but if you start taking your benefits before reaching your full retirement age — 65 to 67, depending on when you were born — your benefits will be reduced.

The BLS observes «The leading edge of the baby boomers (those born in 1946) became eligible for early Social Security benefits at age 62 in 2008 and reached full retirement age at 66 in 2012.

The maximum Social Security payment for an individual who signs up at full retirement age will be $ 2,663 per month, an increase of $ 21 from 2014.

As a general rule, survivors benefits based on age will be about the same total Social Security benefits over a lifetime, whether they start early or at full survivors retirement age.

Then we use the average of your highest 35 years of indexed earnings to calculate your Social Security benefit at full retirement age.

Let's assume his or her Social Security benefit at full retirement age of 66 is $ 2,481.

That age varies, but you can check your full retirement age at the Social Security Administration website.

Postpone the start of Social Security: Postpone collecting Social Security until at least full retirement age, or longer to get the maximum retirement income 2017 (and beyond).

Say your full retirement age is 66, and you'd receive $ 1,000 from Social Security every month starting at that age.

The Social Security Administration says that if you delay receiving your Social Security benefits until you hit 70, your monthly payment will be 32 percent higher than if you had retired at full retirement age.

For 2017, the maximum Social Security benefit for workers retiring at the full retirement age of 66 is $ 2,687 per month.

On the other hand, if your husband delays receipt of benefits until age 70, he earns delayed retirement credits and he locks in a benefit that is 32 % higher than the amount he receives at full retirement age (age 66) and 76 % higher than the benefit he would have received had he started taking benefits at age 62 (Source: Social Security Administration).

If you start receiving benefits at your full retirement age, your benefit is equal to half of your ex-spouse's full retirement amount or disability benefit, according to the Social Security Administration.

More than half of people in a MassMutual survey wrongly thought they could continue working at any age while also collecting full Social Security retirement benefits.

The same might be said for social security benefits --(a) take it at age 62, (b) take it at «full retirement age», or (c) take it at age 70, what is the right decision for you?

«Generally speaking, if it's at all possible, it's best to delay taking Social Security at least until you reach full retirement age,» says author Lynnette Khalfani - Cox, chief executive of TheMoneyCoach.net.

If you need to tap your retirement funds early or apply for Social Security at 62, or before your full retirement age, or even at 70, that's okay.

In contrast, those who wait until age 70 to enroll are rewarded with a 32 % increase in the total monthly payment they qualify for at their full retirement age.1, 2 Today, the average monthly social security check is $ 1,404.3 If an individual was eligible to receive the average monthly payment amount at their full retirement age but they enrolled at age 62, they would only receive $ 1,053 per month.

Federal employees can collect Social Security at age 66, their full retirement age, without any reduction in benefits?

Your full retirement age is the age at which the Social Security Administration (SSA) deems you eligible to receive 100 % of your retirement benefit.

One final question posed to survey takers that was also pretty scary was whether or not they'd set up a My Social Security account online to monitor their estimated monthly payout at full retirement age, as well as their reported earnings history.

And so with that they're talking about the solvency of Social Security because there's so many people now at age 65 or close to full retirement age...

Outside of disability, one is only eligible for social security benefits at age 67 (unless you were born before 1960, in which case different rules apply), but you must have worked for at least 10 years to get full retirement benefits.

$ 2,687: The overall maximum monthly Social Security benefit for those retiring at their full retirement age in 2017 is still just $ 2,687, or roughly $ 32,000 for the whole year.

Taking your benefits at age 62 means a permanent 30 percent reduction from your full retirement benefit, according to the Social Security Administration.

If you are at or over your full retirement age your Social Security check will not be reduced.

For more information about your estimated benefit amount if you retire before reaching full retirement age, please call our toll free number at 1-800-772-1213 (If you are deaf or hard of hearing, call our TTY number at 1-800-325-0778) or contact your local Social Security office.

You can begin collecting Social Security at 62, but if you start taking your benefits before reaching your full retirement age — 65 to 67, depending on when you were born — your benefits will be reduced.

Each person's Social Security benefit will depend on a number of factors, including earnings history and the age at which they claim benefits, but the maximum Social Security benefit for a person retiring at full retirement age in 2018 (between age 65 and age 67, depending on birth date) is $ 2,788 a month — or about $ 33,400 a year.2 To create a personalized estimate for Social Security benefits, use the Social Security Administration's Retirement Estimator.

At retirement, Larry and Emily will each be entitled to about $ 13,500 Canada Pension Plan benefits per year and, at 65, full Old Age Security benefits of about $ 7,040 per year in 2018 dollarAt retirement, Larry and Emily will each be entitled to about $ 13,500 Canada Pension Plan benefits per year and, at 65, full Old Age Security benefits of about $ 7,040 per year in 2018 dollarat 65, full Old Age Security benefits of about $ 7,040 per year in 2018 dollars.

The practical impact of this formula is that a worker with lower wages might expect to receive a social security benefit that replaces about 45 % of those wages on an inflation - adjusted basis, assuming the worker retires at full retirement age.

If you're thinking of retiring prior to Medicare eligibility at age 65, and you find that your health care premiums are expensive, one «unadvertised» option Social Security provides is the ability to take then suspend your checks once you reach full retirement age (FRA).

So what this is referring to is that, if you are not yet at full retirement age, and you want to take your Social Security — so in other words, 62, 63, 64, 65 years of age.

If you were born between 1943 and 1954 and hence your full Social Security retirement age is 66, your benefit will be reduced by 25 % if you claim benefits at age 62, 20 % if you claim at 63, 13.3 % at 64 and 6.7 % at 65.

You can begin collecting Social Security benefits at the age of 62, but it will cost you more than 25 % of the benefit you would have received by waiting until your full retirement age of 66 or 67.

Generally, you'll receive an amount equal to what you would receive were you to begin receiving Social Security retirement benefits at full retirement age.

If you start receiving benefits at your full retirement age, your benefit is equal to half of your ex-spouse's full retirement amount or disability benefit, according to the Social Security Administration.

If you claiming Social Security at the earliest age of 62, you will receive a permanet 25 % cut in retirement benefits, compared to full benefits you'd receive at age 66.

Full Retirement Age, as defined by the Social Security Administration, «is the age at which a person may first become entitled to full or unreduced retirement benefits.&raFull Retirement Age, as defined by the Social Security Administration, «is the age at which a person may first become entitled to full or unreduced retirement benefits.&raqAge, as defined by the Social Security Administration, «is the age at which a person may first become entitled to full or unreduced retirement benefits.&raqage at which a person may first become entitled to full or unreduced retirement benefits.&rafull or unreduced retirement benefits.»