Sentences with phrase «benefits at full retirement age»

The amount of spousal benefits equals 1/2 of your ex-spouse's full retirement amount if you begin collecting benefits at full retirement age.

Signing up before you reach full retirement age will allow you to receive your benefits as early as age 62, however, to get the full payout you are entitled to you'll need to wait to claim your benefits at your full retirement age.

You can receive reduced benefits starting at age 60 or full benefits at your full retirement age.

But in order to receive a full half of your PIA, your spouse must wait to begin receiving the retirement benefits at her full retirement age.

If your wife or husband hasn't worked enough to qualify for Social Security or Medicare, they can still receive benefits at full retirement age

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.

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.

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 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.

The loophole allowed some married individuals to start receiving spousal benefits at full retirement age, while letting their own retirement benefit grow by delaying it.

What happens if you and your twin (who starts to receive benefits at full retirement age) live to the same age as in the previous example?

The maximum benefit for those retiring at age 70 in 2017 is $ 3,538 — almost $ 900 more than the maximum benefit for someone claiming benefits at the full retirement age.

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

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 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.

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.

«If they want to collect divorced spouse benefits at full retirement age and switch to their own later, they should say it in the comments.

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

Ultimately, breakeven analysis isn't the only thing you should consider when making this important decision, but if all other things are held equal, it can help you decide if you should file for benefits at your full retirement age or not.

The loophole allowed some married individuals to start receiving spousal benefits at full retirement age, while letting their own retirement benefit grow by delaying it.

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.

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.

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.

Her late spouse's PIA is $ 1,473 in today's dollars and he claimed his benefit at his full retirement age.

This average is then applied to a formula to determine your primary insurance amount, or PIA, which is your initial monthly benefit 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.

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

The overview page gives a quick and easy glance into your estimated benefit at full retirement age, which for me is 67.

This average is then applied to a formula to determine your primary insurance amount, or PIA, which is your initial monthly benefit at full retirement age.

Recently a Kiplinger's Retirement Report reader was considering filing for his benefit at full retirement age.

Say a 66 - year - old wife's benefit based on her work record is $ 800 a month, and half of her husband's benefit at his full retirement age is $ 1,200.

Married couples have even more opportunities for increasing the amount they'll collect over their joint lifetime by engaging in various claiming strategies, such as the older spouse filing and suspending his or her benefit at full retirement age so the younger spouse can collect spousal benefits while the older spouse's benefit continues to grow.

If your estimated benefit at full retirement age is at or above that number, you can expect additional earnings to fall into the third tier and produce the smaller 15 % increment.

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.

Let's say your monthly benefit at age 66, the current «full retirement age,» is $ 2,500.

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.

This strategy is useful for dual - income couples in which each spouse qualifies for his or her own retired worker benefit, but one spouse must be at least full retirement age, AARP reports.

Kittle's initial plan was to file at or near her full retirement age, and invest the benefit while she continued to work.

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.

Can you afford to «retire early» and claim benefits at age 62, should you wait until your full retirement age, or can you wait until age 70 in order to receive the largest possible monthly benefit?

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.

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

For 2018, the maximum monthly benefit payable to a newly retired worker at their full retirement age will be $ 2,788.

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).