Sentences with phrase «full retirement»

We calculate a basic amount as if you had reached full retirement age at the time you die.

Your benefits can be reduced for two reasons: if you take them before reaching full retirement age — which depends on when you were born — or if you earn too much money.

If you were born between 1943 and 1954, your normal retirement age for full retirement benefits is 66; that age rises if you were born later.

For example, those entitled to a $ 1,000 monthly benefit at full retirement age of 66 would collect only $ 750 per month at age 62.

If you're thinking about starting your retirement benefit before full retirement age while still working, you should take this factor into account.

Although retirement benefits are available to people 62 or older, the program encourages seniors to wait until they are of full retirement age before they begin collecting retirement benefits.

The second theory states that you should wait until full retirement age in order to collect larger monthly sums.

You get full benefits after full retirement age — 66 years and two months.

While it may sound as if full retirement age is when you'll qualify for your maximum benefit, waiting until age 70 will actually give you more.

Waiting beyond full retirement age until age 70 to claim benefits adds much more — 8 percent per year.

If you are under full retirement age and you continue to work while receiving benefits, your benefits may be affected by the retirement earnings test.

If you wait past full retirement age, your benefit will grow by as much as 8 percent per year up to age 70.

I don't envision my financial independence as full retirement and never working again.

But only a third of new teachers will remain long enough to actually receive full retirement benefits.

For someone whose full retirement age is 67, starting benefits at age 62 means taking a nearly 30 % monthly hit.

You can earn additional income in 2017 without being penalized, so consider working and saving just a little bit more before escaping into full retirement bliss.

This applies only to earnings in the period prior to attaining full retirement age.

She isn't taking that benefit until next year though, because the benefit is significantly reduced if you are still working and haven't hit full retirement age.

The regular rule for the earnings test applies if you are receiving retirement benefits for the entire year, and you are below full retirement age for the entire year.

One of the good things about this program is that you would still receive annual pay and step increases until you took full retirement.

For example, if your benefit at the current full retirement age of 66 is $ 1,000 but you opt to claim at 62, it would be reduced to $ 750.

So the system was set up to only pay full retirement benefits for about 15 years on average.

Higher full retirement ages mean larger penalties for taking benefits early and lower bonuses for waiting longer.

Then I can ride it out until 60 (early full retirement with a pension and health care) or peace out earlier if I really need to.

The chart lists full retirement ages for survivors based on year of birth.

So full retirement age, right now, this year, is 66 years and two months.

It also allows the spouse and children of a worker who has reached normal full retirement age to receive benefits under some circumstances while he / she does not.

Each year, as you approach full retirement age, the reduction decreases.

Increase tax rate a bit, extend full retirement age slightly, and increase limit.

I don't look forward to full retirement either.

We should be able to go full retirement if we need to.

Equally important is your understanding of your personal full retirement age.

I had worked in state government for 20 years and was determined to earn full retirement status.

If you fall into the first category — that is, you won't reach full retirement age until after the current year — you face the stricter form of the earnings test.

Notice that the first rule above gives the number of months after full retirement age, and the second rule above gives the number of months after benefits begin.

But for most retirees, it's best to wait at least until full retirement age before walking away from your job forever.

If monthly benefits start before full retirement age, the amount is smaller to take into account the longer period a person receives them.

I have the luxury of full retirement which gives me the absolute, precious freedom to speak my mind.

If you retire at full retirement age, you can count on receiving about 40 percent of your annual wage in benefits.

And lower earners should not delay beyond full retirement age to claim a spousal benefit.

If you are under full retirement age and you continue to work while receiving benefits, your benefits may be affected by the retirement earnings test.

That is because delaying past full retirement age lets your benefits grow by about 8 percent per year until you reach that age.

The age at which you can receive full retirement benefits is already scheduled to increase to 67 for anyone born in 1960 or after, and it's likely to go even higher.

I don't envision my financial independence as full retirement and never working again.

I like the thought of easing into full retirement and it could be good for all parties.

Waiting until age 70 results in receiving 132 % of full retirement benefits.

The chart lists full retirement ages for survivors based on year of birth.