Sentences with phrase «social security retirement benefits when»

So this great almost half - century - long debate is only about when to start collecting Social Security retirement benefits when the recipient does not need it.

Pages 40 and 41 show Susan & David Example both receiving Social Security retirement benefits when they're in their 40's.

Not exact matches

Determining how and when to begin claiming Social Security starts with an assessment of whether or not you can afford to delay benefits until your full retirement age, said Alison Shelton, senior strategic policy advisor with AARP.

When you start receiving Social Security retirement benefits, some members of your family may also qualify to receive benefits on your record.

How much risk you can afford to take with your investment portfolio during retirement, or when approaching it, depends on your cash flow from available income streams — such as pensions, Social Security benefits or annuities — and doing a thorough cash - flow analysis is paramount.

Also in regard to Social Security retirement benefits, it's important to understand that monthly benefits differ substantially based on when you start receiving them and the filing option you choose.

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).

Significantly, those of us at this age still have the likelihood of Social Security, but I have chosen to live off my retirement portfolio until 70 when I will get the maximum benefit and most likely can pay all my fixed expenses from SS.

Many Americans have no personal retirement savings and intend to live on their Social Security benefits — and little else — when they stop working.

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.

You'll need a plan for managing your income during retirement, and you'll need to decide when to start claiming Social Security benefits.

«Deciding when to start taking your Social Security benefits is one of the most important retirement planning decisions we face,» Ken Hevert, senior vice president of retirement at Fidelity Investments, told CNBC.

Sixty - five became America's unofficial retirement age in 1935, when President Franklin Delano Roosevelt — Jim Roosevelt's grandfather, as it happens — signed the Social Security Act, which set it as the minimum age for receiving full retirement benefits.

When to claim Social Security benefits will be one of the most important decisions that you make regarding your retirement, along with how to take retirement income from your various retirement accounts and how you will fund your health care needs in retirement.

In addition, the SSA recommends before making your decision when to retire that you calculate your future Social Security benefits, and review your retirement plan, and consider you financial needs and obligations.

People want to insure their future and they know that if they are depending on Social Security benefits, and in some cases retirement plans; that they may be in for a rude awakening when they no longer have the ability to earn a steady income.

When you marry, you have two possible ways of getting Social Security retirement benefits.

If you're collecting disability payments when you reach your full retirement age, the Social Security Administration converts them into retirement benefits.

Our Services and Fees Whether you need a comprehensive financial plan or just have questions about educational planning, retirement readiness, or when to take Social Security benefits (or other issues), Safe Harbor offers the right level of services that you need now at a reasonable cost.

Once Cheryl learned nearly 10,000 baby boomers were retiring each and every day — all of whom could benefit greatly by working with advisors that possessed the expertise necessary to help them make the best possible decision about when and how to file for Social Security retirement benefits, she embarked on the course to create that which was to become CSSCS.

Immersing herself in that realm and working almost exclusively with current and prospective retirees, she quickly realized that the vast majority of those with whom she met lacked the proper information, advice and resources regarding one of the most critical issues regarding their financial future: when and how to claim their Social Security retirement benefits.

Upon returning to the workforce, Cheryl took the steps necessary to become a licensed financial services professional and quickly realized the vast majority of current and prospective retirees did not have access to the advice and resources required to make an educated decision on, what in most cases, will prove to be one of the most critical financial decisions they'll ever make; when and how to claim Social Security retirement benefits.

«As an advisor, I worked with some colleagues to develop a beautiful report that covered the basics of when and why one should file for Social Security retirement benefits and what you should consider doing with the balance of your retirement assets.

However, an expectation does not by itself create an adequate financial base for retirement, especially when the expectation is based — as it is in the U.S. — on substantial Social Security benefits.

Also, Roth IRA withdrawals DO NOT count when figuring taxation on Social Security benefits during retirement.

Most people apply for a social security number when they are very young, and collect social security benefits when they reach retirement age.

Recipients can not assume their state ignores Social Security retirement when calculating unemployment benefits.

If Social Security withholds some of your benefits because you continue to work, they will pay you a higher monthly benefit amount when you reach your full retirement age.

December 2014 by Marty Allenbaugh By strategically choosing when and how to claim Social Security benefits, singles, divorced individuals and married couples can optimize their retirement income.

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.)

One of the most important decisions to make as retirement gets closer is when to start collecting Social Security benefits.

The amount of your Social Security retirement benefits depends on your age when you retire.

As you near retirement, when to claim your Social Security benefit is one of the biggest financial decisions you'll need to make.

Learn about Social Security retirement benefits: how you earn coverage; how to apply; how benefits are figured; and how to decide when to retire.

Learn about factors to consider as you think about when to start receiving your Social Security retirement benefits.

Deciding when to take Social Security benefits is a personal decision that you should make as part of a comprehensive retirement plan with your spouse as it might affect their spousal benefits down the road.

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.

As we reach retirement age, many of us will consider when the right time is to apply for Social Security benefits.

Knowing this information can help you make a more informed choice regarding when to collect Social Security retirement benefits.

It omits special rules that can apply in various circumstances, such as a reduction in benefits that can apply when you earn a retirement benefit while performing work that isn't covered by social security.

You plug in such information as your salary, annual savings, the value of your retirement accounts and how you have that money invested, your projected Social Security benefit, when you plan to retire and how long you'll need your savings to last, and the calculator will tell you the probability that your resources will be able to deliver that level of income for as long as you need it.

One of the most crucial financial decisions for anyone nearing retirement is when to begin receiving Social Security (SS) benefits.

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.

When this occurs, the spouse that reaches full retirement age (age 66), files for Social Security, and then suspends their benefits immediately.

First a little background: You have three options for when to begin taking your Social Security retirement benefits: You may begin taking benefits between age 62 and your full retirement age, you can wait until your full retirement age (which varies depending on your age), or you can delay benefits and take them anytime up until you reach age 70.

When you qualify for Social Security retirement benefits, your children may also qualify to receive benefits on your record.

If you plan to gradually transition from full - time work into full - time retirement, that may require additional planning for when you'll take Social Security benefits, for example.

When you start receiving Social Security retirement benefits, some members of your family may also qualify to receive benefits on your record.

Many Americans have no personal retirement savings and intend to live on their Social Security benefits — and little else — when they stop working.

When being employed matters is when you start Social Security benefits before full retirement When being employed matters is when you start Social Security benefits before full retirement when you start Social Security benefits before full retirement age.