Sentences with phrase «social security benefits at»

If you're married, it's possible for you to claim Social Security benefits at the appropriate time in one of two ways.

Accordingly, the family court did not err in declining to impute wife's eligibility for social security benefits at age sixty - two.

In 2017, Americans born in 1955 become eligible to claim Social Security benefits at the earliest claiming age of 62.

Then you'd stop saving and start spending monthly Social Security benefits at age 67.

Whether you start receiving Social Security benefits at age 62 or at the full retirement age, you should be aware that continuing to work may result in what is called an earnings offset under the Social Security Earnings Test.

What are your thoughts on taking Social Security benefits at age 62 (75 % of full benefits) versus age 66 (full benefits)?

Despite the fact that the benefit amounts would be significantly higher when delayed beyond the full retirement age, 90 % of retirees begin collecting Social Security benefits at or before their full retirement age.

You can check your personal Social Security benefits at SSA.gov.

You can first collect Social Security benefits at age 62.

Calculate your estimated Social Security benefits at ssa.gov.

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.

She's entitled to exactly half of what Jim gets if they live in the U.S. «So if Jim qualifies for about $ 28,000 in annual Social Security benefits at age 65, Erica would be entitled to $ 14,000 annually for the rest of her life,» says Keats.

In 2017, Americans born in 1955 become eligible to claim Social Security benefits at age 62.

Working Americans born after 1960 will qualify for full Social Security benefits at age 67 — but as an incentive to delay, the government will increase your payments by up to 8 % every year until the age of 70.

As referenced on the chart2, if Esther decided to receive her Social Security benefits at age 62, she would have received an estimated lifetime monthly benefit of $ 1,016.

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.

For example, some couples may decide to claim one spouse's Social Security benefits at normal retirement age, while delaying the other spouse's benefits until age 70 to allow the second monthly payment to grow.

Next on my agenda is to file for Social Security benefits at age 66 next year.

Most states do not tax Social Security benefits at all.

Finally, before you rush out to file for your Social Security benefits at age 62, consider the big picture: Generally, the longer you wait, the higher the potential lifetime benefits.

If we draw Social Security benefits at FRA on the former spouse's earnings and postpone taking Social Security benefits based on our earnings history, we can take advantage of that 8 % per year benefit payout increase effectively increasing our lifetime payout by as much as $ 100,000 to $ 200,000!

You qualify for partial Social Security benefits at age 62, and full benefits between ages 65 and 67 (depending on the year you were born).

If you enroll to receive social security benefits at, or before, you turn age 65, you will be automatically enrolled in Medicare.

You can start taking Social Security benefits at age 62 if you want.

Tax treatment of Social Security benefits at the state level can make a big difference in how much of that check you get to keep.

Many states are friendly in this regard: 36, plus Washington, D.C., don't tax Social Security benefits at all, according to Kiplinger.

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.

«Gaps are certainly of special concern to those considering early retirement, since they are eligible for Social Security benefits at 62, but must wait until age 65 to receive Medicare,» said Kimberley Foss, a certified financial planner and founder of Empyrion Wealth Management.

The reason: Recent Social Security claims changes could spell the beginning of «means testing» to obtain social security benefits at all.

Should you start receiving reduced Social Security benefits at age 62?

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.

Not exact matches

Taking Social Security retirement benefits at 62 only makes sense in a limited number of circumstances, such as if you are single and terminally ill.

Claiming Social Security retirement benefits at the earliest age — 62 — is a big temptation for many aspiring retirees.

A look at the 13 U.S. states, from Colorado to West Virginia, that levy their own taxes on retirees» Social Security benefits.

Eligibility for Social Security benefits starts at age 62.

A typical couple will receive more than $ 1 million in Social Security benefits over their lifetime, according to Christopher Jones, chief investment officer at Financial Engines, a provider of financial advice and asset management.

(By Social Security Administration estimates, that benefit represents at least 90 percent of income for 23 percent of married couples and 43 percent of single individuals.)

For people expecting to retire at around age 65, and to live for another 15 years or more, this will provide for only a trivial supplement to Social Security benefits.

Even if you have never worked under Social Security, you may be able to get spouse's retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits.

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.

There are a few ways to claim Social Security benefits, but doing so online at www.ssa.gov is by far the quickest and most efficient way.

It can be tempting to claim your benefit as soon as you're eligible for Social Security — typically at age 62.

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

Only 7 % of those surveyed are very confident that the Social Security system will continue to provide benefits of at least equal value to the benefits received by retirees today.

Not staying married at least 10 years: If you are now divorced after having been married for at least 10 years, you will be eligible for your spouse's Social Security benefit.

Specifically, you'll need at least 40 Social Security credits to collect a benefit on your own work record.

In a dramatic shift in sentiment, fewer than half of retirees believe the value of future Social Security benefits will be at least as high as what today's recipients get right now, according to the just - released 2018 Retirement Confidence Survey [opens PDF] from the Employee Benefit Research Institute.

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).