Sentences with phrase «at full retirement age»

For example, those entitled to a $ 1,000 monthly benefit at full retirement age of 66 would collect only $ 750 per month at age 62.

If you retire at full retirement age, you can count on receiving about 40 percent of your annual wage in benefits.

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.

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.

Under the new law, you can still voluntarily suspend benefit payments at your full retirement age (currently 66) in order to earn higher benefits for delaying.

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.

62 year old parent of a 14 year old could wait four years to collect $ 2000 a month at full retirement age.

Those who wanted to maximize their benefits could file and suspend their applications at full retirement age.

With each of these options, they have three choices: file early, file at full retirement age or delay filing and receive up to 132 % of full retirement benefits.

If you are 62 or older by the end of 2015, you will still be able to choose which benefit you want at your full retirement age.

Will I be able to file for early retirement benefits on the smaller payout, then change to the larger at full retirement age using the divorced spousal filing for one of the times?

Then at full retirement age, I would switch to the other record, depending on which would be a larger monthly amount.

Another 18 percent take benefits at full retirement age (66 for most baby boomers), and only 3 percent waited until 70.

This is the monthly retirement benefit you receive if you retire at full retirement age.

Find the estimated amount of the retirement benefit your spouse would be eligible to receive at full retirement age.

Under the new law, you can still voluntarily suspend benefit payments at your full retirement age (currently 66) in order to earn higher benefits for delaying.

If you are 62 or older by the end of 2015, you will be able to choose which benefit you want at your 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 2018, the maximum monthly benefit payable to a newly retired worker at their full retirement age will be $ 2,788.

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

Under this rule, an individual 62 years or older can start collecting benefits but stop the benefits within 12 months of the start, repay the benefits collected, and then still be eligible for their higher benefit amount when they collect at full retirement age or older.

For a healthy, middle - income couple retiring next year at full retirement age, medical expenses are estimated to absorb 69 % of their Social Security benefits.

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.

In April 2000, Congress enacted the Senior Citizens Freedom to Work Act of 2000, which removed the retirement earnings test for individuals at the full retirement age and older.

If you don't understand the reason for the different payment amounts, though, it's easy to compare the number at full retirement age with the larger number for age 70 and reach the incorrect conclusion that you're being denied your full benefit if you start before age 70.

If you are now at full retirement age and planning to file and suspend you have -LSB-...]

For AFCPE members at full retirement age (as defined by the SSA) and in good standing for 10 or more years.

Note that the break - even point for people born after 1942 is only 12 1/2 years after the date benefits start, which is considerably shorter than average life expectancy at full retirement age.

Additional assumptions include that the investor's income increases 3.5 % annually; investment returns average 7 % annually; savings are annuitized at retirement; income during retirement is 80 % of the employee's income during his or her final years of work; Social Security benefits begin at full retirement age and remain at present benefit levels.

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

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).

Claim at your full retirement age — which depends on when you were born, and would be somewhere between age 66 and 67 for those born in 1943 or later — and you get 100 percent of the benefit available to you, based on your personal work record.

Thus, if your payment is hypothetically $ 1,000 per month at your full retirement age of 66, and you wait until age 70 to claim, you could collect $ 1,320 per month instead because of these credits.

As a basic example, if you were born in 1943 or later and get $ 1,000 a month at full retirement age, you would receive only $ 750 per month by collecting at age 62, or $ 1,320 per month if you wait until age 70.

If you retire at full retirement age in 2018, your maximum monthly benefit will only be $ 2,788.

The spouse choosing to collect at full retirement age is entitled to an amount equal to one - half of the worker's full retirement benefit, even if the spouse has not worked or does not have enough Social Security credits to qualify for his or her own Social Security benefits.

The statement estimates the amount you'll receive if you start taking payments at full retirement age and also the amount you'll receive if you wait until age 70, or retire early, at age 62.

As AARP explains, the older spouse claims retirement benefits at full retirement age and immediately suspends them.

A widow or widower is eligible to start receiving reduced benefits on your record as early as age 60 and full benefits at their full retirement age.

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.