Sentences with phrase «at a full retirement age of»

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

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

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

If you averaged $ 127,000 over the past 35 years and took benefits at your full retirement age of 66, you would still only see a check of $ 2,687.

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

If you averaged $ 127,000 over the past 35 years and took benefits at your full retirement age of 66, you would still only see a check of $ 2,687.

By taking it early at 62 years old that means a 25 % reduction from what it could be at a full retirement age of 66.

For instance, I'll receive an estimated $ 1580 per month ($ 18,960 per year) at full retirement age of 67.

For 2017, the maximum monthly Social Security retirement benefit for a worker retiring at the full retirement age of 66 years is $ 2,687.

If Frank retires at his full retirement age of 66, his monthly Social Security benefit would be $ 2,000 a month.

Not exact matches

You receive 100 percent of your retirement benefit if you claim at full retirement age — 66 or 67 for most individuals, depending on when you were born.

Those with a full retirement age of 66, for example, would receive a 25 percent reduction in benefits if they start receiving benefits at age 62.

Likewise, if you start receiving spousal benefits at your full retirement age, you will collect 50 percent (the maximum) of the monthly benefit your spouse will receive if his or her benefits started at full retirement age.

Here's how it works: The higher - earning (first) spouse files for benefits at full retirement age, enabling the other to file for spousal benefits as early as age 62 — which, again, amounts to half of what the first spouse is entitled to.

If you start receiving benefits as a spouse at your full retirement age, you will get 50 percent of the monthly benefit your spouse would receive if their benefits started at full retirement age.

If you start receiving spouse's benefits at age 62, your monthly benefit amount is reduced to about 32.5 percent of the amount your spouse would receive if their benefits started at full retirement age.

your full retirement age, you will get 50 % of the monthly benefit your spouse would receive if his or her benefits started at full retirement age.

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.

However, if my full retirement age were 66 instead, and I claimed at age 62 or 70, then my benefit would be the equivalent of 75 % and 132 % of my full retirement age benefit, respectively.

This strategy may work best if you're younger than full retirement age and you will have a low monthly benefit at FRA compared with that of your deceased spouse.

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).

For example, if your benefit at the current full retirement age of 66 is $ 1,000 but you opt to claim at 62, it would be reduced to $ 750.

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.

for those of us with almost all of our retirment in traditional 401ks our withdrawl rate is only for us to decide on the first few years of retirement assuming a person retires at full retirement age!

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.

It includes examples of the age 62 survivors benefit based on an estimated monthly benefit of $ 1000 at full retirement age.

If you are not already receiving benefits, be sure to contact us at the beginning of the year you reach full retirement age.

If you know what the widow or widowers benefit is at full retirement age, you can use the information for the survivor's year of birth to find out how much the widows or widowers benefit would be at various ages.

The chart below lists age 62 reduction amounts and includes examples based on an estimated monthly benefit of $ 1000 at full retirement age.

Depending on when you were born, you can get a monthly benefit check that's up to 132 % of the amount you would otherwise receive at full 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.

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).

While it's true that you may end up collecting benefits for the longest period of time by starting at age 62, if you can afford to do so, it's generally best to wait at least until your full retirement age (FRA).

If you receive a spouse's benefit beginning at age 62, your benefit is reduced to about 32.5 percent of the amount your spouse would receive if he or she started getting benefits at full retirement age.

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.

Full retirement age is based on your date of birth, starting at age 65 if you were born in 1937 or earlier and increasing to age 67 if you were born any time after 1938.

The average person leaving the world of full - time work at age 65 can reasonably expect to spend 20 to 30 years or more in retirement.

«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.

At present many women reach retirement age without qualifying for the full state pension because they have missed national insurance contributions at some stage of their adult lifAt present many women reach retirement age without qualifying for the full state pension because they have missed national insurance contributions at some stage of their adult lifat some stage of their adult life.

That's possible, but half of all new teachers won't qualify for any pension at all, and 80 percent won't stay long enough to reach the full normal retirement age.

If an individual's foundation amount is equal to the full nSP, they will not build up any further nSP up to their State Pension Age and will retire with an entitlement to the full level of nSP at retirement.

Massachusetts public school teachers are eligible to receive full retirement benefits from the Massachusetts Teachers» Retirement System at age 55 with at least 10 years of teaching service, or at any age with a minimum of 20 years of teaching service.

But if you follow the plurality and collect benefits at 62, your checks are an average of 25 percent smaller than if you had waited until your full retirement age.

Should I take my benefit early at age 62, full retirement age of 66, wait to age 70, or somewhere in between?