Sentences with phrase «receives at full retirement age»

On the other hand, if your husband delays receipt of benefits until age 70, he earns delayed retirement credits and he locks in a benefit that is 32 % higher than the amount he receives at full retirement age (age 66) and 76 % higher than the benefit he would have received had he started taking benefits at age 62 (Source: Social Security Administration).

Depending on when you were born, you can get a monthly benefit check that's up to 132 % of the amount you would otherwise receive at full retirement age.

Find the estimated amount of the retirement benefit your spouse would be eligible to receive at full retirement age.

If you're using the estimated benefit from the annual statement you receive from the Social Security Administration, make sure you're looking at the benefit you would receive at full retirement age (even if you plan to retire early).

Not exact matches

A widow or widower is eligible to start receiving reduced benefits on your record as early as age 60 and full benefits at their full retirement age.

You receive 100 percent of your retirement benefit if you claim at full retirement age — 66 or 67 for most individuals, depending on when you were born.

Those with a full retirement age of 66, for example, would receive a 25 percent reduction in benefits if they start receiving benefits at age 62.

Likewise, if you start receiving spousal benefits at your full retirement age, you will collect 50 percent (the maximum) of the monthly benefit your spouse will receive if his or her benefits started at full retirement age.

If you start receiving benefits as a spouse at your full retirement age, you will get 50 percent of the monthly benefit your spouse would receive if their benefits started at full retirement age.

Can you afford to «retire early» and claim benefits at age 62, should you wait until your full retirement age, or can you wait until age 70 in order to receive the largest possible monthly benefit?

The loophole allowed some married individuals to start receiving spousal benefits at full retirement age, while letting their own retirement benefit grow by delaying it.

If you start receiving spouse's benefits at age 62, your monthly benefit amount is reduced to about 32.5 percent of the amount your spouse would receive if their benefits started at full retirement age.

your full retirement age, you will get 50 % of the monthly benefit your spouse would receive if his or her benefits started at full retirement age.

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).

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).

Full Retirement Age (FRA) is the age at which you are eligible to receive unreduced retirement benefiAge (FRA) is the age at which you are eligible to receive unreduced retirement benefiage at which you are eligible to receive unreduced retirement benefits.

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

In many cases, a widow or widower can begin receiving one benefit at a reduced rate and then, at full retirement age, switch to the other benefit at an unreduced rate.

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

The Social Security Administration says that if you delay receiving your Social Security benefits until you hit 70, your monthly payment will be 32 percent higher than if you had retired at full retirement age.

The age at which you can receive full retirement benefits is already scheduled to increase to 67 for anyone born in 1960 or after, and it's likely to go even higher.

If you receive a spouse's benefit beginning at age 62, your benefit is reduced to about 32.5 percent of the amount your spouse would receive if he or she started getting benefits at full retirement age.

If you start receiving benefits at your full retirement age, your benefit is equal to half of your ex-spouse's full retirement amount or disability benefit, according to the Social Security Administration.

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.

Full retirement age is the age at which you become eligible to start receiving full retirement benefFull retirement age is the age at which you become eligible to start receiving full retirement beneffull retirement benefits.

Most teachers earn the right to health benefits in retirement, which can provide full coverage from retirement through Medicare at age 65; they often receive supplementary benefits thereafter.

Massachusetts public school teachers are eligible to receive full retirement benefits from the Massachusetts Teachers» Retirement System at age 55 with at least 10 years of teaching service, or at any age with a minimum of 20 years of teaching service.

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.

My Full Retirement Age (FRA) is 66 and if I elected to take a benefit at age 62 I would receive 25 % less than what I would have received if I waited until full retirement age; a significant decreFull Retirement Age (FRA) is 66 and if I elected to take a benefit at age 62 I would receive 25 % less than what I would have received if I waited until full retirement age; a significant decreaAge (FRA) is 66 and if I elected to take a benefit at age 62 I would receive 25 % less than what I would have received if I waited until full retirement age; a significant decreaage 62 I would receive 25 % less than what I would have received if I waited until full retirement age; a significant decrefull retirement age; a significant decreaage; a significant decrease.

Although you can qualify for Retirement benefits at age 62, many people wait until full retirement age (65, 66 or 67 depending on birth year) to receive their maximum monthly benefit.

Your full retirement age is the age at which the Social Security Administration (SSA) deems you eligible to receive 100 % of your retirement benefit.

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 your spouse already receives benefits, ask them what their benefit would be if it started at their full (or normal) retirement age.

What happens if you and your twin (who starts to receive benefits at full retirement age) live to the same age as in the previous example?

If you hold out and take a semi-early retirement at age 65, you'll receive about 86 percent of your full pension amount.

If you retire at full retirement age, you can count on receiving about 40 percent of your annual wage in benefits.

Under this strategy, you must be at full retirement age and your spouse must be receiving their benefit currently, or have filed - and suspended.

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

The practical impact of this formula is that a worker with lower wages might expect to receive a social security benefit that replaces about 45 % of those wages on an inflation - adjusted basis, assuming the worker retires at full retirement age.

at your full retirement age or later, you will receive a larger monthly benefit for a shorter period of time.

The retirement benefit you'll receive if you retire at your full retirement age is called your primary insurance amount (or PIA).

The loophole allowed some married individuals to start receiving spousal benefits at full retirement age, while letting their own retirement benefit grow by delaying it.

If you start receiving spouse's benefits at age 62, your monthly benefit amount is reduced to about 32.5 percent of the amount your spouse would receive if their benefits started at full retirement age.

With each of these options, they have three choices: file early, file at full retirement age or delay filing and receive up to 132 % of full retirement benefits.

Someone with a full retirement age of 66 could earn four years of credits before claiming at age 70, and would potentially receive a benefit equivalent to 132 % of the full benefit amount.

Similarly, if your full retirement age is 67 and you'll be eligible for $ 1,000 at that point, you could receive $ 700 at 62 or $ 1,240 at 70 — a difference of 77 %.

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 %.

You can begin collecting Social Security benefits at the age of 62, but it will cost you more than 25 % of the benefit you would have received by waiting until your full retirement age of 66 or 67.

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