Sentences with phrase «full social security benefit»

At the tender age of 13, your cat is eligible to receive his full Social Security benefit!

The 45 % income replacement target assumes no pension income, and a retirement and Social Security claiming age of 67, which is the full Social Security benefit age for those born in 1960 or later.

The 45 % income replacement target assumes a retirement and Social Security claiming age of 67, which is the full Social Security benefit age for those born in 1960 or later.

The WEP was designed to eliminate the «windfall» that could result if you were to receive a CSRS annuity based on many years of employment not covered by Social Security and also receive a full Social Security benefit because you did have a few years of covered employment.

Survivors benefits are equivalent to the deceased spouse's full Social Security benefit amount.

Once you reach full retirement age, you're entitled to your full Social Security benefit, no matter how much you work or earn.

Full Retirement Age - If you were born in 1942 or earlier, you are already eligible for your full Social Security benefit.

You can make as much money as you want and you can still keep your full Social Security benefit.

In an article last week we explained why some people have the mistaken belief they have to wait until age 70 to receive their full Social Security benefit.

Folks are thinking they have to work until age 70 to receive their full Social Security benefit.

Full Social Security benefits kick in at age 70 now (from 67), but that's OK, since you never expected it to be there when you retired.

Of the 46 members of the Senate Democratic Caucus, 22 are old enough to receive full Social Security benefits.

For the Max Planck PhDnet, an active network of Ph.D. candidates at the German Max Planck Society (MPG), a big victory came on 13 March: MPG finally decided to treat all of its Ph.D. candidates as employees, giving them equal professional status and full social security benefits and employment protections.

Regardless of their legal status, junior researchers are professionals who should enjoy full social security benefits and employment protections

Yet, for teachers who earned full Social Security benefits while working at another career, their teacher retirement benefits will be reduced if we collect our earned Social Security benefits.

So, if you plan to live off of dividends and distributions from your other retirement savings, you can also still receive your full Social Security benefits.

Working Americans born after 1960 will qualify for full Social Security benefits at age 67 — but as an incentive to delay, the government will increase your payments by up to 8 % every year until the age of 70.

And for individuals born after 1960, the soonest they can begin receiving their full Social Security benefits is age 67.

Because of the financial burden this created, Social Security was amended in 1983, changing the age people can collect full Social Security benefits.

You need to determine what sources of retirement income will be available to you, whether you will be able to collect full Social Security benefits when you retire, if you will receive a pension from any of your employers, and whether you will be able to supplement your income with part - time earnings or rental income.

You also benefit by qualifying for your full Social Security benefits or increasing your benefit.

In this hypothetical scenario, her income grows to about $ 100,000 by the time she retires at 67, which is when full Social Security benefits kick in for those born in 1960 or later.

As a general guideline based on a retirement age of 67, which is the full Social Security benefits age for those born in 1960 or later, aim to:

Conservative decision: Take out as much life insurance to completely eliminate all debt plus provide enough living expenses until the age of 70 when full Social Security benefits get paid e.g. $ 300,000 debt + 30 years X $ 80,000 = $ 2,700,000.

The age at which people can claim their full Social Security benefits is gradually moving up, from 65 for those retiring in 2002 to 67 in 2027.»

Not exact matches

Possible reforms could include raising the full retirement age for Social Security to 70 for workers who are currently under age 40; cutting benefits; increasing payroll taxes on workers; increasing Medicare premiums; and making Social Security benefits more progressive — meaning cutting benefits for high - income workers, while preserving payouts for low - income earners.

Determining how and when to begin claiming Social Security starts with an assessment of whether or not you can afford to delay benefits until your full retirement age, said Alison Shelton, senior strategic policy advisor with AARP.

While you can choose to receive your Social Security benefits before your full retirement age (as defined by Uncle Sam), doing so results in lower monthly payments and possibly more reliance on your savings.

Still, many of the individuals making these decisions don't have a full grasp of Social Security benefits.

The size of your Social Security check increases by a certain percentage for each month you delay taking benefits beyond your full retirement.

To reduce Social Security's projected funding shortfall, the commission would increase the taxable wage base by 2050 to include 90 percent of earnings, to increase the full - and early - retirement ages to 69 and 64 respectively by 2075, to cover newly hired state and local workers after 2020, and to create a hardship exemption allowing those who can not work past age 62 to receive benefits early.

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.

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

If you choose to start collecting your Social Security retirement benefit before or after you reach full retirement age, your PIA, which we discussed in the previous section, will be permanently adjusted to compensate according to these rules:

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).

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

The system is currently funded to pay full benefits only until 2033, according to the Social Security Administration.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

In a nutshell, the Social Security earnings test sets limits to the amount of money individuals who have not yet reached full retirement age can earn while simultaneously collecting a Social Security retirement benefit.

If you plan on taking Social Security benefits before you reach your full retirement age — which is currently as old as 67 if you were born in 1960 or later — your benefits might be reduced even if you only work part - time.

You can begin collecting Social Security at 62, but if you start taking your benefits before reaching your full retirement age — 65 to 67, depending on when you were born — your benefits will be reduced.

The earnings test does not apply to this group — that is, seniors who have reached full retirement age can earn as much as possible with no effect on their Social Security benefits.

For 2018, if you don't reach your full retirement age during the year, your Social Security benefits are reduced by $ 1 for every $ 2 you earn in excess of $ 17,040.

We can help you assess your full picture of personal assets, workplace plans, and Social Security benefits, then show you how different scenarios may impact your long - term outlook.

The BLS observes «The leading edge of the baby boomers (those born in 1946) became eligible for early Social Security benefits at age 62 in 2008 and reached full retirement age at 66 in 2012.

Tax filers who qualified for less than $ 300 of the full basic credit ($ 600 for joint filers) could get $ 300 ($ 600 for joint filers) if they had either (1) at least $ 3,000 in earnings, Social Security benefits, and veteran's payments or (2) net income tax liability of at least $ 1 and gross income above specified thresholds.

According to the Social Security Administration (SSA), the maximum benefit paid at Full Retirement Age (FRA) in 2018 is $ 2,788.

Your unmarried children who are under 18 (up to age 19 if attending elementary or secondary school full time) can be eligible to receive Social Security benefits when you die.

If you were born after 1937, you also can start your Social Security benefits as early as age 62, but your full retirement age is more than 65.