Sentences with phrase «file 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.

The 70 - 66 strategy can increase a couple's income 14 % over filing early and 22 % over both filing at full retirement age.

Not exact matches

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.

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

Under the new law deemed filing is extended to apply to those at full retirement age and beyond.

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.

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.

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

Here is the bottom line as far as I can see: IF you are self - employed when filing for early retirement, and *** if, on your application, you are asked how many hours you work *** (and I would like to hear from anybody here who has actually filed for benefits before their Full Retirement Age) and IF you work more than the allowable hours to be considered «retired» (again, I believe it's no more than 45 for most people but no more than 15 if you work at an occupation requiring a «specific skill» or own a large business),

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

If you are at full retirement age, or will reach it in the next six months, then you will still have the opportunity to file - and - suspend before the change takes effect on May 1, 2016.

Additionally, anyone who turned 62 before December 31, 2015 may file a restricted application at full retirement age (FRA).

Under this strategy, you must be at full retirement age and your spouse must be receiving their benefit currently, or have filed - and suspended.

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.

Under the new law deemed filing is extended to apply to those at full retirement age and beyond.

The maximized strategy of Nancy filing and suspending benefits at age 66, Joe filing for spousal benefits at age 66, and then both filing for retirement benefits at age 70 will benefit the client more than the «what - if» strategy of both individuals simply filing for retirement at full retirement age (66).

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?

May I file for spousal benefits at 62 and delay filing for my benefits until my full retirement age of 66?

If you and your spouse are both at full retirement age when you file, you can claim a spousal benefit equal to 50 percent of your spouse's benefit.

GAO Report: Challenges For Those Claiming Social Security Benefits Early This report of the U.S. Government Accountability Office looks at the circumstances of people who file for Social Security benefits early to understand why they do so even though taking benefits before full retirement age reduces monthly payments.