Sentences with phrase «retire at full retirement age»

If you retire at your full retirement age, the amount of your benefit is one - half of the full benefit of your ex-spouse.

Maximum meaning that if you retire at full retirement age, which right now is 66.

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

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

If you retire at full retirement age in 2018, your maximum monthly benefit will only be $ 2,788.

The estimated Social Security benefit for workers retiring at full retirement age in 2018 is $ 1,404.

for those of us with almost all of our retirment in traditional 401ks our withdrawl rate is only for us to decide on the first few years of retirement assuming a person retires at full retirement 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.

For 2017, the maximum Social Security benefit for workers retiring at the full retirement age of 66 is $ 2,687 per month.

$ 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.

Each person's Social Security benefit will depend on a number of factors, including earnings history and the age at which they claim benefits, but the maximum Social Security benefit for a person retiring at full retirement age in 2018 (between age 65 and age 67, depending on birth date) is $ 2,788 a month — or about $ 33,400 a year.2 To create a personalized estimate for Social Security benefits, use the Social Security Administration's Retirement Estimator.

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.

The max for someone retiring at full retirement age: about $ 31,700.

The maximum Social Security benefit for a worker retiring at full retirement age, which is age 66 for those born between 1943 and 1954, will be $ 2,663 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.

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

Not exact matches

This strategy is useful for dual - income couples in which each spouse qualifies for his or her own retired worker benefit, but one spouse must be at least full retirement age, AARP reports.

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?

For 2018, the maximum monthly benefit payable to a newly retired worker at their full retirement age will be $ 2,788.

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).

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

In 2016, deferred retirement earns an additional 8 % per year over full retirement age, up to age 70, meaning that if you retire at age 69 in 2016, your benefits will be 24 % higher than those for someone retiring at 66 with the same earnings history.

You can retire at any time between age 62 and full retirement age.

Here is the bottom line as far as I can see: IF you are self - employed when filing for early retirement, and *** if, on your application, you are asked how many hours you work *** (and I would like to hear from anybody here who has actually filed for benefits before their Full Retirement Age) and IF you work more than the allowable hours to be considered «retired» (again, I believe it's no more than 45 for most people but no more than 15 if you work at an occupation requiring a «specific skill» or own a large business),

If an individual's foundation amount is equal to the full nSP, they will not build up any further nSP up to their State Pension Age and will retire with an entitlement to the full level of nSP at retirement.

You get three different projections based on whether you retire early, at full retirement age, or at 70.

The maximum benefit for those retiring at age 70 in 2017 is $ 3,538 — almost $ 900 more than the maximum benefit for someone claiming benefits at the full retirement age.

For 2018, the maximum monthly benefit payable to a newly retired worker at their full retirement age will be $ 2,788.

For more information about your estimated benefit amount if you retire before reaching full retirement age, please call our toll free number at 1-800-772-1213 (If you are deaf or hard of hearing, call our TTY number at 1-800-325-0778) or contact your local Social Security office.

If you're thinking of retiring prior to Medicare eligibility at age 65, and you find that your health care premiums are expensive, one «unadvertised» option Social Security provides is the ability to take then suspend your checks once you reach full retirement age (FRA).

In fact, if Bill just wanted to match his current income (after retirement savings) of $ 45,500 a year, he could retire at age 62 — three full years earlier — and take all of his living expenses out of his retirement savings for the first three years, then have a safe withdrawal rate for the next 30 years supplemented with Social Security to «bring home» $ 45,500 a year.

Social Security would rather have you retire at age 62 than at your full retirement age.

For example, Retired Syd who packed it in at age 44 in 2007 took on an assignment for several years and returned to full - time retirement in August 2012.

You can retire at any time between age 62 and full retirement age.

Based on this information and your actual earnings history as maintained by the Social Security Administration, the Retirement Estimator generates an estimate of the amount you would receive if you were to retire at age 62 (the earliest date you can receive benefits), the amount if you waited until full retirement age (which currently ranges from 65 to 67, based on year of birth), and the larger benefit you would receive if you continued working until age 70 before claiming retirement benefits.

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?

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).

E1998 -00060-SC-R11-CV (Tennessee Court of Appeals, November 8, 2001): An «objectively reasonable retirement» at age 59, where the husband was eligible to retire with full benefits, constitutes a substantial and material change in circumstances so as to permit modification of a spousal support obligation.