Sentences with phrase «receive social benefits»

As a result, they received social benefits from 1 December 2011 to 31 May 2012, after which the «Job Center», the responsible German authority, withdrew their grant.

Not exact matches

Meanwhile, Dreamers contribute some $ 2 billion in local and state taxes annually — including to programs (e.g., Social Security) from which they are not eligible to receive any benefits.

In Social Security, taxpayers will contribute about $ 1 to its trust fund for every $ 1.10 retirees are projected receive in benefits over the next decade.

Should you start receiving reduced Social Security benefits at age 62?

Ryan's youth was marked by tragedy after his father's death when he was just 16, and the future Congressman funded his bachelor's degree with the Social Security benefits he received as a result.

A typical couple will receive more than $ 1 million in Social Security benefits over their lifetime, according to Christopher Jones, chief investment officer at Financial Engines, a provider of financial advice and asset management.

While you can choose to receive your Social Security benefits before your full retirement age (as defined by Uncle Sam), doing so results in lower monthly payments and possibly more reliance on your savings.

You may not want to work in retirement, but taking on a part - time job the first few years so you can delay claiming Social Security benefits could significantly boost the benefit you receive.

Kittle, a Henderson, Nevada resident, applied in time to start receiving Social Security benefits on her 70th birthday.

Knowing that 9 out of 10 individuals who are age 65 and older receive Social Security benefits, according to the Social Security Administration, it's quite possible a lot of these individuals will choose to retire next year.

«Gaps are certainly of special concern to those considering early retirement, since they are eligible for Social Security benefits at 62, but must wait until age 65 to receive Medicare,» said Kimberley Foss, a certified financial planner and founder of Empyrion Wealth Management.

If your ex-spouse will also receive a pension based on work not covered by Social Security, such as government work, their Social Security benefit on your record may be affected.

To reduce Social Security's projected funding shortfall, the commission would increase the taxable wage base by 2050 to include 90 percent of earnings, to increase the full - and early - retirement ages to 69 and 64 respectively by 2075, to cover newly hired state and local workers after 2020, and to create a hardship exemption allowing those who can not work past age 62 to receive benefits early.

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

Even if you have never worked under Social Security, you may be able to get spouse's retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits.

For 2018, individuals who had already been collecting a Social Security benefit are receiving a 2 % COLA.

Only 7 % of those surveyed are very confident that the Social Security system will continue to provide benefits of at least equal value to the benefits received by retirees today.

But if one of the most popular federal programs does survive in its current form — and that is a big if — the average millennial married couple could actually receive nearly double the average Social Security benefits that current retirees collect, according to a...

According to the Social Security Administration, the average retired worker will receive a monthly benefit of $ 1,404 in January 2018.

So even part - time lower earnings received later in life increase your Social Security benefit.

The survey of 903 adults aged 50 or older, who are either already retired or plan to retire in the next ten years, revealed those who began receiving Social Security income early report a lower average monthly payment ($ 1,190) than those who started at their full retirement age ($ 1,506) and those who delayed benefits until age 70 ($ 1,924).

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.

I plan on taking Social Security at 66, because that will be full retirement age for me, and my wife will receive 50 % of my benefit when I claim it (the max she can get).

Question: I received social security benefits this year that were back benefits prior years.

Although you can retire as early as 62 and start receiving Social Security benefits, your age dictates the size of your payout.

Approximately one - third of people who receive Social Security are required to pay taxes on their benefits.

This hypothetical scenario assumes the couple does not receive Social Security benefits.

Infographic: Can You Wait to Receive Your Social Security Benefits?

(Also, your deduction may also be affected by social security benefits you received).

The original Social Security program was dependent on half the population dying without receiving benefits, We need to eliminate welfare, food stamps, child tax credits, low income tax credits and Medicaid.

«For each year participants defer claiming Social Security, they receive a 6 - 8 % increase in lifetime benefits, under current conditions, which can make a big difference in their quality of life in retirement.»

: Retire - Abroad Trend — More than Half - a-Million Americans Now Receive Social Security Benefits Overseas

In addition, retirees» confidence that Medicare and Social Security will continue to provide benefits equal to what retirees receive today has significantly declined compared to last year, with fewer than half saying they are very or somewhat confident (46 percent very or somewhat confident in Medicare this year vs. 52 percent in 2017; 45 percent very or somewhat confident in Social Security vs. 51 percent in 2017).

According to a 2011 Pew Research Center poll, more than 40 percent of people aged 18 to 30 believe they will receive no retirement income from Social Security, even though Social Security receipts are estimated to equal about 75 percent of benefits on a sustainable basis under the current regime.5

Get your Social Security Statement online or check our Benefit Calculators for an estimate of the benefits your family could receive if you died right now.

Your unmarried children who are under 18 (up to age 19 if attending elementary or secondary school full time) can be eligible to receive Social Security benefits when you die.

Although most analysis of Social Security benefits assumes that you'll value the money you receive early in retirement only slightly more than the benefits you'll get years down the line, many people expect to get the most out of retirement in the years from 62 to 70.

You can work while you receive Social Security retirement (or survivors) benefits.

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

Sixty - five became America's unofficial retirement age in 1935, when President Franklin Delano Roosevelt — Jim Roosevelt's grandfather, as it happens — signed the Social Security Act, which set it as the minimum age for receiving full retirement benefits.

If a widow or widower who is caring for your children receives Social Security benefits, they're still eligible if their disability starts before those payments end or within seven years after they end.

Dan Caplinger: If simply maximizing the dollar amount of Social Security benefits you'll receive over your lifetime isn't exactly what you have in mind, then it can be a big mistake to wait until age 70 to start taking benefits.

The earliest a widow or widower can start receiving Social Security survivors benefits based on age will remain at age 60.

Finally, we consider when you were born and your desired election year to adjust how much social security benefit you will actually receive

If you are married to someone who has already filed for (and perhaps suspended) Social Security benefits, and you apply for benefits for yourself, then you will automatically receive either the normal benefits you are entitled to for your own work, or up to half of your partner's benefits, whichever is higher.

The answer is because while you are receiving spousal benefits, you still are not considered to have actually started Social Security yet, meaning that you can defer your own benefits until the maximum age of 70, and then switch to receiving them.

Essentially you get all the benefit of waiting until the maximum age to begin Social Security, while still receiving spousal benefits in the interim!

Your earnings are subject to payroll taxes even if you are currently receiving Social Security benefits.

Putting off benefits for even a year or two will ensure the retiree starts out at a higher amount, which means each cost of living adjustment (from 5 reasons to delay social security) will be higher, as it is based off a percentage of the benefits received.

A single retiree receiving $ 35,000 per year in income plus Social Security benefits is in the 25 % tax bracket.