Sentences with phrase «collecting social security benefits»

You can start collecting Social Security benefits as early as age 62, but it will be at a lesser amount than if you waited until FRA up to age 67, depending on the year you were born.

The Social Security Administration automatically «enrolls» you in Medicare Part A when you begin collecting Social Security benefits.

Knowing when to retire depends on several factors that go beyond when you can begin collecting social security benefits.

We also conducted research on when is the best time for you to start collecting Social Security benefits

It's important to note that you can't apply for a spouses benefit until they start collecting their Social Security benefits.

But if you already are collecting Social Security benefits, find out if income from a job could reduce what you are entitled to collect from the government.

This reduction applies to any year before you reach FRA, but it only applies to income earned after you start collecting Social Security benefits.

Free financial planning advice on why you should not wait to start collecting your Social Security benefits.

However, if your new spouse is also collecting Social Security benefits and you would receive a higher amount based on the new spouse's work record, you will receive the higher amount.

Collecting Social Security benefits early results in a benefit reduction of 6.67 % per year for up to 36 months before full retirement age, and a rate of 5 % per year beyond that.

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.

There are six retirement calculators that compare and help you decide when to start collecting Social Security benefits.

A big percentage of Americans misunderstand the rules for working when collecting Social Security benefits.

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.

Many assume that collecting Social Security benefits is pretty straightforward: you retire and start collecting a check.

This basically confirms that I am now officially collecting Social Security benefits and in the program even though I personally delayed collecting until age 70.

Start by deciding when to start collecting Social Security benefits.

President Obama signed a law on November 2 that changes the options for collecting Social Security benefits.

If you're of retirement age and collecting Social Security benefits, your children may also be eligible for benefits.

The added financial burden may lead some retirees to start collecting their Social Security benefits earlier than they would have otherwise.

The early retirement age — currently 62 — sets the point at which you can start collecting Social Security benefits.

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

It is illegal to use anyone else's TIN (including SSNs and EINs) for any purpose, including filing taxes, collecting Social Security benefits and obtaining credit.

Since you are not currently collecting Social Security benefits, in this case, you will be billed every three months for your premiums.

You can start collecting Social Security benefits any time between ages 62 and 70.

One of the biggest questions that near - retirees have is the best age to start collecting Social Security benefits.

A big percentage of Americans misunderstand the rules for working when collecting Social Security benefits.

If you're of retirement age and collecting Social Security benefits, your children may also be eligible for benefits.

You can begin collecting Social Security benefits as early as age 62, but you won't be eligible for Medicare until 65.

A former employee of Tufts Health Plan pleaded guilty to stealing names, birth dates and social security numbers that were eventually used to collect social security benefits and fraudulent income tax refunds.

For 2018, individuals who had already been collecting a Social Security benefit are receiving a 2 % COLA.

Listen in as we ask the question, «Is it ever appropriate to collect Social Security benefits early?»

From April through that individual's Full Retirement Age they would be able to collect their Social Security benefit without penalty provided their income did not exceed $ 1,310 per month.

When it comes to calculating the best age for starting to collect your Social Security benefits, there's no one - size - fits all answer.

If your ex-spouse dies before you collect Social Security benefits, you can apply for survivor benefits.

One of the larger limitations is an earnings cap, which places a maximum amount on the gross earned wages that you bring home in any one year while still collecting your Social Security benefit.

However, disabled individuals and survivors of workers who have died are also eligible to collect Social Security benefits.

Assemblyman Keith Wright, 61, noted it will be «quite sometime» before he collects Social Security benefits.

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

Whether you work for a paycheck or collect Social Security benefits, there are many sources of income available to you that are completely tax - free.

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.)

The key job of a retirement financial advisor is to help determine the best time to take key steps — such as making retirement saving account withdrawals, rebalancing investments or beginning to collect Social Security benefits — that will help you experience the retirement you envision.

If you haven't worked outside of the home, you will not be able to collect Social Security benefits on your own record, but you may be able to collect them based on your spouse or ex-spouse's record.

You can first collect Social Security benefits at age 62.

If your ex-spouse dies before you collect Social Security benefits, you can apply for survivor benefits.

«Dear Steve, I'm disabled, and collect Social Security benefits.

It is common knowledge that husbands and wives are entitled to collect Social Security benefits on their spouses» work records.

Deciding to collect Social Security benefits early, or before your FRA [1], means that you are choosing to collect a smaller benefit payment each month.

It is common knowledge that husbands and wives are entitled to collect Social Security benefits on their spouses» work record...

Because Peggy is feeling the aches and pains you'd expect after decades in retail, she is exploring the possibility of dialing back her work hours and starting to collect Social Security benefits early at age 62, four years before her Full Retirement Age.