Sentences with phrase «known social security retirement benefits»

One little - known Social Security retirement benefits rule is the so - called «do - over rule.»

Not exact matches

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.

People want to insure their future and they know that if they are depending on Social Security benefits, and in some cases retirement plans; that they may be in for a rude awakening when they no longer have the ability to earn a steady income.

Knowing this information can help you make a more informed choice regarding when to collect Social Security retirement benefits.

You might know that once you reach 62 years of age you're eligible to collect Social Security retirement benefits, but did you know that if you have young children they can collect benefits too?

That money, combined with your Social Security benefits and pension payments, if any, would represent guaranteed income you could count on throughout retirement, no matter how long you live.

To find out, you need to know your full Social Security retirement age — a crucial piece of information, especially if you're married and trying to figure out the best strategy for claiming benefits.

Even people decades away from retirement should pay close attention to how Congress just ended two lucrative ways of taking Social Security benefits, known jointly as the «claim now, claim more later» strategy.

As these workers begin to approach retirement, it's important to know that their pensions may possibly reduce another key piece of their retirement plan: Social Security benefits.

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

Many people mistakenly assume their monthly Social Security retirement benefits will be the same no matter what age they retire.

You can not fully plan for your retirement without knowing when you will begin withdrawing Social Security benefits.

Under the current structure of the U.S. Social Security system, the age to receive full benefits (also known as «full retirement age» or «normal retirement age») is 65 for workers born in 1937 or earlier.

State Income Taxes: The Lone Star State is a no - income - tax state, so Social Security benefits and all forms of retirement income escape taxes in Texas.

They should know that Social Security and company pension plans are no longer reliable retirement income options — especially the latter, as private - sector employers eschew defined - benefit plans in favor of defined - contribution plans such as 401 (k) plans, which shift much, if not all, of the savings burden onto the employee.

A few factors can be pinpointed: (1) the amount of their current income Social Security will replace (39 percent do not know with a high degree of confidence); (2) when to start to take the benefit (22 percent of pre-retirees don't know); and (3) whether it will provide expected income in retirement (37 percent are not confident that it will).

If your spouse relies on your Social Security or retirement benefits, they may no longer be eligible to receive these funds if you pass away.