Sentences with phrase «considered social security retirement benefits»

The Court of Appeals remanded the alimony award back to the family court because the family court hadn't considered Social Security retirement benefits that Wife was entitled to apply for.

Consider that Social Security retirement benefits are only designed to replace about 40 % of the average worker's income, so it's fair to expect that the same can be said of survivor benefits.

Not exact matches

You also need to consider the effects that early retirement can have on your Social Security benefits.

«Gaps are certainly of special concern to those considering early retirement, since they are eligible for Social Security benefits at 62, but must wait until age 65 to receive Medicare,» said Kimberley Foss, a certified financial planner and founder of Empyrion Wealth Management.

Whatever your reason for considering working in retirement, it's a good idea to know how doing so will affect your Social Security benefits and your tax bill.

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.

«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.

• At the same time, the state should consider placing all new workers into a new plan that is more predictable for the state while providing workers with adequate retirement benefits that includes Social Security.

If part of your workers» compensation reduces your Social Security or equivalent railroad retirement benefits received, that part is considered Social Security (or equivalent railroad retirement) benefits and may be taxable.

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

To do that, you'll want to go through a rigorous retirement - income planning process that starts with thinking seriously about how you'll live in retirement and then moves on to such tasks as making a retirement budget; assessing different strategies for claiming Social Security benefits; considering whether you want more guaranteed income than Social Security alone offers (which is where an annuity might play a role); and, settling on a withdrawal rate that has a reasonable shot at making your savings last as long as you do.

As a result, you might consider starting to receive social security retirement benefits now if you think you have less than 15 years to live, and lean more toward waiting if you think you have more than 15 years to live.

Under some conditions, the federal tax rules consider Social Security benefits, including retirement and disability, as reportable income.

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

Consider that for each year you delay taking Social Security beyond your full retirement age until age 70, you'll receive a benefit increase of 6 % to 8 %, depending on your age.

But you'll need to consider all of the consequences before you do this — one of the most important factors being that you will want to increase your retirement savings in order to make up for reduced future Social Security benefits.

It's important to consider all of your potential sources for retirement income, including any employer - sponsored plans you may participate in, Social Security, and any pension benefits that may be applicable.

To be considered eligible for retirement benefits, you must pay Social Security taxes for 40 credits of work, which amounts to around 10 years of employment.

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.

Consider things such as when your spouse's social security and retirement benefits will kick in.

Since a policy loan is not considered income, it is a great way to supplement your income in retirement and not interfere with other benefits, such as your social security check!

If part of your workers» compensation reduces your social security or equivalent railroad retirement benefits received, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable.