Sentences with phrase «monthly social security»

Meanwhile, the average monthly Social Security check is $ 1,404, and more than 40 percent of single adults receive more than 90 percent of their income from Social Security alone, according to government data.

The average monthly Social Security benefit, however, is only $ 1,230, according to the Social Security Administration.

A failure to raise the ceiling would prevent the U.S. government to borrow to meet its existing legal obligations, including the issuance of monthly Social Security checks.

Chicago, IL About Blog are a law firm that help disabled adults and children obtain the monthly Social Security disability benefits and health insurance they need to survive.

It's not until you reach age 66 that you'll qualify for 100 % of the monthly Social Security benefit.

Widows who are 60 or over may be eligible for monthly Social Security benefits.

Then you'd stop saving and start spending monthly Social Security benefits at age 67.

In other words, you'd set up a non-qualified investment account at a local discount brokerage office, have all of your monthly Social Security retirement paychecks automatically deposited into it, you'd never make any withdrawals, and all of the other assumptions stated above applied.

The average monthly Social Security benefit, however, is only $ 1,230, according to the Social Security Administration.

This way, you'll be receiving monthly payouts that'll hold you over until you start receiving your monthly Social Security payments.

Those people obviously are counting on Social Security, but their average monthly Social Security check is just $ 1,335 per month or $ 16,020 a year.

• You can specify ages that both client and spouse start to collect Social Security retirement benefits separately, and at any year (not just 65 to 72), how much both receive in monthly Social Security benefits, and their annual inflation rates (COLA), separately too.

Many senior citizens could not pay for basic necessities without their monthly Social Security payments.

This can have a variety of benefits, including reducing your premiums for Medicare Part B and for Medicare's prescription drug benefit, and also lowering the tax you pay on your monthly Social Security check.

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

For 2017, the maximum monthly Social Security retirement benefit for a worker retiring at the full retirement age of 66 years is $ 2,687.

Will repay from an ACH from our monthly Social Security check.

According to the proposal outline, the average monthly Social Security benefit would rise by 5 percent to 7 percent overall.

Computing your monthly Social Security benefit First of all, in order to compute your monthly Social Security benefit, you need to know two things: your Primary Insurance Amount (PIA) and your Full Retirement Age (FRA).

The average monthly Social Security check is $ 1,354 as of 2016.

That way, you don't have to worry about having made too much early in the year when you weren't actually eligible for benefits, as long as you cut back earnings after you actually claim your monthly Social Security payments.

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

Your monthly Social Security income in retirement is based primarily on your earnings level throughout your working career, along with the age at which you retire.

Don't retire early, or your monthly Social Security benefits will fall.

Monthly Social Security and Supplemental Security Income benefits will increase 2.1 percent in 2004, the Social Secu...

The Social Security Administration (SSA) has unveiled a new online calculator that allows you to project what your monthly Social Security benefit will be...

The federal government can withhold all or part of a tax refund and up to 15 % of monthly Social Security benefits to pay back defaulted federal student loans.3 (These federal «offsets» do not apply to private student loans, but private debt collectors may threaten to take such action.)

They did not, however, include the husband's $ 1,165 monthly Social Security income.

Current retirees who file at age 62 have their monthly Social Security check reduced by 25 %.

Let's assume you and your spouse will each receive the average monthly Social Security retirement benefit of $ 1,294 (as of May 2014).

Mrs. Gleason's current income is approximately $ 900.20 derived from monthly Social Security benefits of $ 665.10 and 1/2 of a monthly reverse mortgage payment on her real property of approximately $ 470.20.

However, the average monthly Social Security payment is only $ 1,406.

For each zero included in the 35 - year earnings history of a typical worker retiring today, the monthly Social Security check will be lower by the equivalent of about $ 20 in today's dollars.

The husband's monthly Social Security income will be about $ 2,250 and the wife's Social Security income will be about $ 1,750.

If you are within three months of age 65 or older and not ready to start your monthly Social Security benefits yet, you can use our online retirement application to sign up just for Medicare and wait to apply for your retirement or spouses benefits later.

The dollar amount used in calculating your monthly Social Security benefit if you attained age 62 or became disabled (or died) before 1978.

As of 2017 the average monthly Social Security benefit check is $ 1,368.67.

There are about 5 million widows and widowers receiving monthly Social Security benefits based on their deceased spouse's earnings record.

Retiring later also provides the opportunity to get a larger monthly Social Security benefit, because each year a person delays claiming benefits past full retirement age (age 66 for people born between 1943 and 1959; age 67 for people born after) increases the monthly payment by about 8 %.

The trustee argued in the alternative that the husband's monthly social security and VA income were greater than his one - half share of the debtors» monthly expenses, and that the court therefore should not allow exemption of more than $ 250 of the annuity payments.

If, for example, after toting up your retirement living expenses (which you can do by going to BlackRock's Retirement Expense Worksheet), you see that your monthly Social Security benefit covers all or nearly all of your essential living expenses, then you may have all the guaranteed income you need.

Sixty - seven year old Trudy Goldstrom studies her monthly social security check and sighs.

Of course, that amount doesn't include monthly Social Security benefits.

If you are below your full retirement age and receiving a monthly Social Security check your benefit is subject to the Social Security Earnings Test.

$ 2,687: The overall maximum monthly Social Security benefit for those retiring at their full retirement age in 2017 is still just $ 2,687, or roughly $ 32,000 for the whole year.

Furthermore, an analysis from the Center on Budget and Policy Priorities that was conducted in 2016 found that 22.1 million people are being kept out of poverty as a result of their monthly Social Security payout.

By using a reverse mortgage to fund a social security delay, seniors can maximize their social security benefits by living off of their home equity until they are eligible to receive the 32 % increase in their monthly social security check at age 70.1

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.

The average monthly Social Security benefit for retired workers is $ 1,369.97, according to July 2017 figures from the SSA.

Those preretirees expect to get an average monthly Social Security benefit of $ 1,610, which is $ 232 more than the mean recent retirees reported actually receiving.