Sentences with phrase «own social security retirement benefit»

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.

Claiming Social Security retirement benefits at the earliest age — 62 — is a big temptation for many aspiring retirees.

It usually doesn't pay to claim Social Security retirement benefits early.

When you start receiving Social Security retirement benefits, some members of your family may also qualify to receive benefits on your record.

We need an across the board increase in Social Security retirement benefits of 20 % or more.

If you choose to start collecting your Social Security retirement benefit before or after you reach full retirement age, your PIA, which we discussed in the previous section, will be permanently adjusted to compensate according to these rules:

Also in regard to Social Security retirement benefits, it's important to understand that monthly benefits differ substantially based on when you start receiving them and the filing option you choose.

Here's how it works: A person files for Social Security retirement benefits at full retirement age, but then suspends payment of them.

In 2016, there will be no cost - of - living adjustment for Social Security retirement benefits.

In a nutshell, the Social Security earnings test sets limits to the amount of money individuals who have not yet reached full retirement age can earn while simultaneously collecting a Social Security retirement benefit.

Some Social Security retirement benefits may still be taxed at the federal level, however.

For single filers, if that number is greater than $ 25,000, your Social Security retirement benefits may be taxable.

Social Security retirement benefits are not taxed in Virginia.

Maryland exempts all Social Security retirement benefits from taxation.

To determine if your Social Security retirement benefits may be taxable, combine one half of your annual Social Security income with your income from all other sources.

Social Security retirement benefits are generally only taxable if you have income from other sources and your total income exceeds a certain level.

If you have an estimate of your monthly Social Security retirement benefit (in future, inflated dollars), you can use the Employee Benefit Research Institute (EBRI), Ballpark E$ timate Online, to get a basic idea of how much you need to save before you retire.

This planner provides detailed information about your Social Security retirement benefits under current law.

Let's look at a couple of examples: You are receiving Social Security retirement benefits every month in 2018 and you

Make the most of your Social Security retirement benefits.

Well, it will depend on your earnings history, just like Social Security retirement benefits depend on them.

The first paper, authored by economists at the Investment Company Institute and the IRS, used data from a large sample of taxpayers to examine what happened to individuals» inflation - adjusted disposable income up to three years after they claim Social Security retirement benefits.

While you are free to work and receive Social Security retirement benefits, the government will reduce your benefit if you are younger than your full retirement age and end up making more than the yearly earnings limit.

Assumes a single - income household retiring and claiming Social Security retirement benefits at age 67.

If you end up getting divorced during your lifetime, you are eligible to receive Social Security retirement benefits based on your ex-spouse's earnings history, said David Freitag, a financial planning consultant with MassMutual.

More than half of people in a MassMutual survey wrongly thought they could continue working at any age while also collecting full Social Security retirement benefits.

When you marry, you have two possible ways of getting Social Security retirement benefits.

Illinois exempts nearly all retirement income from taxation, including Social Security retirement benefits, pension income and income from retirement savings accounts.

The only comprehensive retirement training organization in the financial services industry focused exclusively on educating professionals on the nuances of Social Security retirement planning, the organization creates and provides a training course on Social Security retirement benefits and claiming strategies and provides advisors with the opportunity, for those inclined to do so, to sit for a comprehensive exam that if completed successfully will provide them with the Certified in Social Security Claiming Strategies designation.

Once Cheryl learned nearly 10,000 baby boomers were retiring each and every day — all of whom could benefit greatly by working with advisors that possessed the expertise necessary to help them make the best possible decision about when and how to file for Social Security retirement benefits, she embarked on the course to create that which was to become CSSCS.

Immersing herself in that realm and working almost exclusively with current and prospective retirees, she quickly realized that the vast majority of those with whom she met lacked the proper information, advice and resources regarding one of the most critical issues regarding their financial future: when and how to claim their Social Security retirement benefits.

Upon returning to the workforce, Cheryl took the steps necessary to become a licensed financial services professional and quickly realized the vast majority of current and prospective retirees did not have access to the advice and resources required to make an educated decision on, what in most cases, will prove to be one of the most critical financial decisions they'll ever make; when and how to claim Social Security retirement benefits.

«As an advisor, I worked with some colleagues to develop a beautiful report that covered the basics of when and why one should file for Social Security retirement benefits and what you should consider doing with the balance of your retirement assets.

This, along with the low cost of living in South Carolina, means it is possible for some seniors in the Palmetto State to survive on Social Security retirement benefits alone.

At most 85 % of Social Security retirement benefits will be subject to income taxation.

Instead of focusing on the poor families that do not qualify for Social Security retirement benefits in the first place, the remainder of this paper will focus on the families who are effectively denied full coverage because of their family forms and in spite of their input from taxes and participation in the labor force.

I think we've been looking at Social Security retirement benefits all wrong.

Florida offsets unemployment by Social Security retirement benefits received on a number other than the worker's, such as benefits as a spouse or widow.

One of the reasons that the average Social Security retirement benefit amount is so far from the maximum is because the largest number of Americans begin receiving benefits as soon as they're allowed — at age 62.

The three pillars of conventional retirement income are social security retirement benefits, pensions from employment, and personal savings.

If you choose to start collecting your Social Security retirement benefit before or after you reach full retirement age, your PIA, which we discussed in the previous section, will be permanently adjusted to compensate according to these rules:

If the average Social Security retirement benefit sounds unimpressive, remember that Social Security is meant to supplement the money you've set aside for retirement — likely earned through a qualified retirement plan such as a 401 (k), individual retirement account or other tax - advantaged account.

The state of Illinois deducts up to half of Social Security retirement benefits received from its unemployment benefits.

To be clear, if you're still working and haven't claimed your Social Security retirement benefit yet, there's no way to tell you with 100 % accuracy how much you'll get.

The longer you wait to draw on your Social Security retirement benefits, the higher your benefit will be.

What is the best age to start receiving Social Security retirement benefits?

Traditionally, earning 40 lifetime work credits is the easiest way to qualify for Social Security retirement benefits.

The amount of your Social Security retirement benefits depends on your age when you retire.

If you begin receiving Social Security retirement benefits before you reach your full retirement age as defined by the Social Security Administration — full retirement age depends on your birth year — you'll receive a reduction in benefits of as much as 30 percent.

My spouse is eligible to receive Social Security retirement benefits, even if he or she has no individual earnings history.