Sentences with phrase «in social security benefits»

Mr. & Mrs. Housepoor is an already retired couple, ages 77 and 76, receiving $ 2,000 a month in Social Security benefits, a savings of $ 150,000 and a house worth $ 443,000.

Maximize Social Security To get the maximum in Social Security benefits, anyone who is 62 in 2017 would need to wait until they're 66 - 67 years old to receive full retirement age, or FRA, benefits.

Term life insurance may supplement or bridge a gap in your Social Security benefits, or can provide financial security for couples without children.

You and your spouse can find out how much you'll get through the Social Security Administration (SSA) by visiting the SSA's Web site, where you can get an estimate of how much you should have in Social Security benefits.

According to the United States Government, over 59 million individuals will receive approximately $ 863 billion in Social Security benefits this year.

If you have earnings during a year when you're receiving early retirement benefits, the earnings test can cause a reduction in your social security benefits for that year.

An interesting fact noted in the newsletter is that there are currently 50 million Americans receiving nearly $ 614 billion annually in Social Security benefits.

Pulling up your Social Security statement will tell you how much you'll be getting in Social Security benefits.

Pulling up your Social Security statement (which you can do by creating an account on ssa.gov) will give you a good idea of how much you can expect in Social Security benefits.

Being «ready» may mean hitting a certain age or career milestone, a sense of financial security, or a time frame that factors in Social Security benefits.

If you also pull in $ 20,000 in Social Security benefits, 85 % of that benefit will be taxable, costing you $ 2,550 in extra taxes.

The CFPB report said the by the time the average homeowner turns 69, a reverse mortgage costs $ 2,300 more than the gain in Social Security benefits.

R, a retirement insurance beneficiary, died after having been overpaid $ 2,133 in social security benefits.

During 2003, the Treasury received $ 544 billion in Social Security taxes and paid out $ 406 billion in Social Security benefits.

For our example, we'll assume no pension, so we subtract the $ 20,000 in Social Security benefits from the $ 42,000 required retirement income leaving us with an annual retirement income shortfall of $ 22,000 (in today's dollars).

Retirees typically receive much less in Social Security benefits than they earned in their working years.

They are aged 67 and 65, respectively, receiving $ 2,000 a month in Social Security benefits, a savings of $ 70,000 and a house worth $ 200,000.

Mr. & Mrs. Housepoor is an already retired couple, ages 77 and 76, receiving $ 2,000 a month in Social Security benefits, a savings of $ 150,000 and a house worth $ 443,000.

An 8 % annual bump in Social Security benefits is a pretty big incentive to put off filing for benefits.

'» said Mayfield, who has no living children and lives off $ 1,088 a month in social security benefits.

After factoring in Social Security benefits, you estimate that you can live off a mere $ 30,000 from your investments in year one.

An official letter from Social Security that verifies the amount an individual receives each month in Social Security benefits and / or Supplemental Security Income (SSI) payments.

Finally, in an interview that attracted attention for other reasons, House Minority Leader John Boehner mentioned various cuts in Social Security benefits that might be used to close the funding gap.

«Back up your plan with real numbers, and be sure to factor in Social Security benefits.»

Do you wonder how much you might receive in Social Security benefits?

The surging demand for the book stems from two factors: the complexity of Social Security benefits and the swelling tide of aging Americans, all determined to «get what's coming to them,» in other words, the most they can possibly collect in Social Security benefits.

Local progressive leaders, including a candidate for Congress, are putting pressure on Rep. John Katko (R - Camillus) to support the SAVE Benefits Act, that would provide a one year bump in Social Security benefits.

On the eve of President Obama's budget presentation, a Western New York Republican joined the AARP in criticizing an expected decrease in the amount paid out in Social Security benefits by restructuring cost of living adjustments.

Being «ready» may mean hitting a certain age or career milestone, a sense of financial security, or a time frame that factors in Social Security benefits.

Even if it turns out that Elaine is overly optimistic and she dies at age 90, her lifetime benefits will still increase approximately 35 % and she would collect approximately $ 132,000 more in Social Security benefits than if they had both claimed at 62 (vs. both waiting until age 70 to claim Social Security).

For every $ 2 you earn above this limit, the Social Security Administration will withhold $ 1 in Social Security benefits.

For every $ 3 you earn above this limit, the SSA will withhold $ 1 in your Social Security benefits.

«Back up your plan with real numbers, and be sure to factor in Social Security benefits.»

The net result is a slower rate of inflation with chained CPI that keeps the inexorable rise in Social Security benefits somewhat smaller than it would be under the normal CPI.

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The caller tells the victim they are eligible for an increase in their Social Security benefits for a 1.7 % cost - of - living adjustment.

A typical couple will receive more than $ 1 million in Social Security benefits over their lifetime, according to Christopher Jones, chief investment officer at Financial Engines, a provider of financial advice and asset management.

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However, when you become eligible for Social Security benefits (normally at age 62), your CSRS benefit is reduced, or offset, by the value of your CSRS Offset service in your Social Security benefit.

However, in no case will the reduction in your Social Security benefit because of the WEP be greater than one - half of the portion of your pension from employment not subject to Social Security taxes; for example, your CSRS annuity.

Not exact matches

Meanwhile, Dreamers contribute some $ 2 billion in local and state taxes annually — including to programs (e.g., Social Security) from which they are not eligible to receive any benefits.

A nine - year bull market has inspired some retirees to take Social Security benefits early in order to invest that money in the market.

Taking Social Security retirement benefits at 62 only makes sense in a limited number of circumstances, such as if you are single and terminally ill.

In Social Security, taxpayers will contribute about $ 1 to its trust fund for every $ 1.10 retirees are projected receive in benefits over the next decadIn Social Security, taxpayers will contribute about $ 1 to its trust fund for every $ 1.10 retirees are projected receive in benefits over the next decadin benefits over the next decade.

While waiting until age 70 to claim or begin your Social Security benefits in order to max them out is applicable for some people, it's not the best option for everyone, Rosenthal emphasizes.

Many of Wilczynski's millennial clients don't expect Social Security benefits to be available to them in retirement, she said.

«The government has changed the rules on Social Security, for example, so what's to stop them from diluting the benefits of this plan in the future?

Often, that translates to employees on the front lines stealing patient medical data or client social security numbers, which can then be sold on the black market or used to commit fraud like collecting someone else's social security benefits, opening new credit card accounts in another's name, or applying for health insurance by assuming the identity of someone else.