Sentences with phrase «month at full retirement age»

As a basic example, if you were born in 1943 or later and get $ 1,000 a month at full retirement age, you would receive only $ 750 per month by collecting at age 62, or $ 1,320 per month if you wait until age 70.

62 year old parent of a 14 year old could wait four years to collect $ 2000 a month at full retirement age.

Not exact matches

Born in 1955: Full retirement age rises by two months until stopping at age 67 for all those born in 1960 and later.

The maximum Social Security payment for an individual who signs up at full retirement age will be $ 2,663 per month, an increase of $ 21 from 2014.

Say that each spouse was due $ 2,200 a month from Social Security at their full retirement age of 66.

Say your full retirement age is 66, and you'd receive $ 1,000 from Social Security every month starting at that age.

For 2017, the maximum Social Security benefit for workers retiring at the full retirement age of 66 is $ 2,687 per month.

How much you receive each month, however, depends on when you elect to begin taking benefits and whether you've reached full retirement age at that point.

In contrast, those who wait until age 70 to enroll are rewarded with a 32 % increase in the total monthly payment they qualify for at their full retirement age.1, 2 Today, the average monthly social security check is $ 1,404.3 If an individual was eligible to receive the average monthly payment amount at their full retirement age but they enrolled at age 62, they would only receive $ 1,053 per month.

Say a 66 - year - old wife's benefit based on her work record is $ 800 a month, and half of her husband's benefit at his full retirement age is $ 1,200.

Based on these estimates, your statement allows you to compare what you would receive each month if you were to take benefits at the earliest possible age — currently 62 — as well as if you took them at full retirement age, or delayed them until age 70.

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.

Each person's Social Security benefit will depend on a number of factors, including earnings history and the age at which they claim benefits, but the maximum Social Security benefit for a person retiring at full retirement age in 2018 (between age 65 and age 67, depending on birth date) is $ 2,788 a month — or about $ 33,400 a year.2 To create a personalized estimate for Social Security benefits, use the Social Security Administration's Retirement Estimator.

Widow's or widower's benefits beginning at any time from age 60 or age 50 if you are disabled through the month before you reach full retirement age;

If the benefits start at an earlier age, they are reduced a fraction of a percent for each month before full retirement age.

For instance, if your full retirement age is 66, at which point you would be eligible for $ 1,000 a month, you could receive $ 750 if you claim at 62 or $ 1,320 if you claim at 70 — a difference of 76 %.

For instance, I'll receive an estimated $ 1580 per month ($ 18,960 per year) at full retirement age of 67.

The break - even point is the number of months after the start of your benefit when the total of all your delayed payments will be equal to the total you would have received if you started your payments at full retirement age.

Under this rule, an individual 62 years or older can start collecting benefits but stop the benefits within 12 months of the start, repay the benefits collected, and then still be eligible for their higher benefit amount when they collect at full retirement age or older.

The maximum Social Security benefit for a worker retiring at full retirement age, which is age 66 for those born between 1943 and 1954, will be $ 2,663 a month.

For purposes of this chart (both determining the year of birth and the month in which full retirement age is reached), people born on the first day of a month are treated as if they were born at the end of the preceding month.

If Frank retires at his full retirement age of 66, his monthly Social Security benefit would be $ 2,000 a month.

For instance, if a couple need $ 6,000 a month to meet day - to - day expenses and they receive $ 4,000 a month from Social Security at 66 — the age that Uncle Sam considers full retirement age for people born between 1943 and 1954 — their gap is $ 2,000 a month.