Sentences with phrase «reached full age»

Not exact matches

According to dental health website AsktheDentist.com, sonic toothbrushes, which oscillate at astonishing rates — up to 31,000 strokes per minute at full speed — are more effective at reaching and removing plaque between the teeth and beneath the gum line than rotating electric toothbrushes, making a sonic toothbrush the best bet for anyone with gum issues, those who are lackadaisical about flossing, and the majority of people over age 40.

, sonic toothbrushes, which oscillate at astonishing rates — up to 31,000 strokes per minute at full speed — are more effective at reaching and removing plaque between the teeth and beneath the gum line than rotating electric toothbrushes, making a sonic toothbrush the best bet for anyone with gum issues, those who are lackadaisical about flossing, and the majority of people over age 40.

Those who were born before Jan. 2, 1954 and who have reached full retirement age can choose to receive their spousal benefit and delay taking their own retirement benefit.

Current retirees can collect as early as age 62, but their benefit will be permanently reduced by a percentage based on the number of months before they reach full retirement age, which ranges from age 65 to 67, depending upon birth year.

Using the «claim now, claim more later» strategy, retirees can claim some benefits now, and higher benefits later, by applying for spousal benefits instead of their own retired - worker benefits when they reach full retirement age.

You can not collect 100 percent of your benefit until you reach your full retirement age — 66 or 67 for most, depending on the year in which you were born.

If you start your benefits early, they will be reduced based on the number of months you receive benefits before you reach your full retirement age.

Remember, you must have reached your full retirement age (currently 66) in order to request a suspension.

The Guaranteed Income Supplement was meant to be in place only long enough to help the people who reached 65 before the full Canada Pension Plan pensions became available and who would have little or nothing other than Old Age Security, and perhaps a reduced Canada Pension Plan pension, to live on.

It's also important to mention that if your benefits are withheld because of the earnings test, it could permanently increase your benefit once you reach full retirement age, so this money isn't exactly «lost.»

If you have reached full retirement age, the earnings test does not apply to you.

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:

66 — If you are a Baby Boomer, you will reach your «full retirement age» at some point in this year.

Should you wait until you reach your full retirement age?

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.

If you will reach full retirement age during the year, the rules are more forgiving: Your benefits are reduced by $ 1 for every $ 3 you earn in excess of $ 45,360 until you reach full retirement age.

When the OASDI trust fund is exhausted, beneficiaries will face an across - the - board 23 percent benefit cut, the equivalent of about $ 5,800 per year in today's dollars for a typical beneficiary reaching the full retirement age in 2033.

After that, two months are added to the full retirement age for every year until 1960, when the full retirement age reaches 67.

If you plan on taking Social Security benefits before you reach your full retirement age — which is currently as old as 67 if you were born in 1960 or later — your benefits might be reduced even if you only work part - time.

The second category includes seniors who have not yet reached full retirement age but will do so during the current year.

Rather, the withheld amount will be applied as a delayed retirement credit, which can permanently increase your retirement benefit once you reach full retirement age.

You can begin collecting Social Security at 62, but if you start taking your benefits before reaching your full retirement age — 65 to 67, depending on when you were born — your benefits will be reduced.

Once you reach your full retirement age, however, your benefits are no longer affected by any working income.

The earnings test does not apply to this group — that is, seniors who have reached full retirement age can earn as much as possible with no effect on their Social Security benefits.

For 2018, if you don't reach your full retirement age during the year, your Social Security benefits are reduced by $ 1 for every $ 2 you earn in excess of $ 17,040.

If you fall into the first category — that is, you won't reach full retirement age until after the current year — you face the stricter form of the earnings test.

The BLS observes «The leading edge of the baby boomers (those born in 1946) became eligible for early Social Security benefits at age 62 in 2008 and reached full retirement age at 66 in 2012.

The Year You Reach Full Retirement Age - $ 41,880 per year or $ 3,490.00 per month (applies only to earnings for months prior to reaching full retirement age - $ 1.00 in benefits lost for every $ 3.00 in earnings above the limFull Retirement Age - $ 41,880 per year or $ 3,490.00 per month (applies only to earnings for months prior to reaching full retirement age - $ 1.00 in benefits lost for every $ 3.00 in earnings above the limiAge - $ 41,880 per year or $ 3,490.00 per month (applies only to earnings for months prior to reaching full retirement age - $ 1.00 in benefits lost for every $ 3.00 in earnings above the limfull retirement age - $ 1.00 in benefits lost for every $ 3.00 in earnings above the limiage - $ 1.00 in benefits lost for every $ 3.00 in earnings above the limit).

On the other hand, should you decide to collect benefits before you reach full retirement age, your benefits will be reduced to account for the additional years over which total benefits must spread.

Starting with the month you reach full retirement age, there is no limit on how much you can earn and still receive your benefits.

If you are not already receiving benefits, be sure to contact us at the beginning of the year you reach full retirement age.

An individual born on January 2, 1954 will reach his or her full retirement age (66) in 2020.

Even if you are still working, you may be able to receive some or all of your benefits for the months before you reach full retirement age.

In addition, after you reach full retirement age, we will recalculate your benefit amount to give you credit for any months in which you did not receive a benefit because of your earnings.

Beginning with the month you reach full retirement age, your earnings no longer reduce your benefits, no matter how much you earn.

Beginning in August 2018, when you reach full retirement age, you would receive your full benefit ($ 800 per month), no matter how much you earn.

If you will reach full retirement age in 2018, the limit on your earnings for the months before full retirement age is $ 45,360.

If you qualify for Social Security, you can claim your benefits as early as age 62, but you won't get 100 % of the benefit you're entitled to unless you wait to claim until you reach your full retirement age.

To get half, you have to have reached full retirement age.

When you reach the age of 59 1/2 you are allowed to withdraw the money from your account, minus state and federal income taxes on the full amount.

In contrast, by waiting until you reach your full retirement age (or older), you'll receive a larger benefit.3

Once you reach full retirement age, the earnings penalty goes away and Social Security will recalculate your benefit amount to credit you for the months you were penalized.

That penalty shrinks in the year that you reach full retirement age.

Some experts advise waiting until you reach your full retirement age, because this results in higher payments than with early benefits.

In the year you reach your full retirement age, the Social Security Administration deducts $ 1 for every $ 3 you earn above the annual limit.

You'll receive reduced monthly benefits permanently if you start taking them before you reach full retirement age.

Now, depending on the year you were born, you reach full retirement age sometime between 65 and 67.

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.

From the month you reach full retirement age, there are no benefit reductions for working, Clark said.

In the year you reach full retirement age, the annual limit is $ 37,680.