Sentences with phrase «security benefits when»

Sen. Marco Rubio and Ivanka Trump have proposed a policy that would allow people to draw Social Security benefits when they want to take off after welcoming a new baby or having other family issues, then delay their Social Security checks when they retire, Politico reported.

The good news: If you are actively receiving Social Security benefits when you turn 65 years old, you will be automatically enrolled in Medicare.

The case, Weinberger v. Wiesenfeld, worked its way to the U.S. Supreme Court, which in 1975 found that widowers and widows with minor children are entitled to Social Security benefits when a wage earner dies.

Do you think today's 50 - year - olds can count on getting their Social Security benefits when they retire?

You need to determine what sources of retirement income will be available to you, whether you will be able to collect full Social Security benefits when you retire, if you will receive a pension from any of your employers, and whether you will be able to supplement your income with part - time earnings or rental income.

For example, this provision affects Social Security benefits when any part of a -LSB-...]

Reducing your income with an RRSP contribution may increase the Canada Child benefit or the GST Credit when you are young, or increase the Guaranteed Income Supplement and Old Age Security benefits when at retirement.

A significant number of seniors include Social Security benefits when making their calculations, but it's not always enough to close the gap.

My wife begins receiving Social Security benefits this month, and I plan to begin receiving Social Security benefits when I reach age 70.

Just remember: If you work and collect Social Security benefits when you are below full retirement age, your monthly benefit could be reduced if your earnings exceed certain thresholds (although if it is, Social Security effectively restores those withheld payments by increasing your benefit when you reach full retirement age.)

Most people apply for a social security number when they are very young, and collect social security benefits when they reach retirement age.

The states of New York and Oregon ignore Social Security benefits when paying out unemployment.

If you are not receiving social security benefits when you turn age 65, you can, 3 months before your 65th birthdate or up to 3 months after (to ensure no delay in your Part B benefits), apply for Medicare.

Since the future is unclear you don't really know for sure there won't be any social security benefits when you retire.

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.

As a result, most people are forced to sell their home and survive on Social Security benefits when they can no longer work.»

But if they do, the years with no earnings will likely result in a lower Social Security benefit when they retire.

The FERS annuity supplement is computed as if you were age 62 and fully insured for a social security benefit when the supplement begins.

Not exact matches

Yet the Social Security Administration projects it will have enough money from payroll taxes to cover three - quarters of Social Security benefits it has promised retirees after 2033, when its trust funds run out, according to the 2014 trustee's report.

Please note that when you borrow money from a life insurance policy, it doesn't show up as income and has no impact on financial aid or the tax rate on Social Security benefits.

McAlister points to economist William Sharpe's research on risk and market sensitivity, which shows that you get the benefits of diversification when you're holding between 25 and 30 securities.

Determining how and when to begin claiming Social Security starts with an assessment of whether or not you can afford to delay benefits until your full retirement age, said Alison Shelton, senior strategic policy advisor with AARP.

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.

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

Determining when to start your Social Security benefits is a complex and personal decision.

How much risk you can afford to take with your investment portfolio during retirement, or when approaching it, depends on your cash flow from available income streams — such as pensions, Social Security benefits or annuities — and doing a thorough cash - flow analysis is paramount.

So, take a few minutes and project your future benefits, based on various scenarios, to help determine when it's best to start taking Social Security.

But, with the benefit of hindsight, I think the likelihood of the court finding against the way the federal government was going about trying to create a national securities regime should have begun to seem likely very early this year, when British Columbia decided to adopt a nuanced opposition to the federal position.

Many couples should brace for two big changes when it comes to claiming Social Security benefits.

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.

Moreover, we understand that you support entitlement reform, but do you believe that it is politically realistic for the Republicans to actually achieve your goal when it would entail asking seniors to sacrifice by cutting Social Security and Medicare shortly after Republicans argued that we could afford to add over a $ 1 trillion to the deficit for tax cuts that largely benefit corporations and high - income households?

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).

Significantly, those of us at this age still have the likelihood of Social Security, but I have chosen to live off my retirement portfolio until 70 when I will get the maximum benefit and most likely can pay all my fixed expenses from SS.

Many Americans have no personal retirement savings and intend to live on their Social Security benefits — and little else — when they stop working.

You've been seeing a chunk of your paycheck going towards Social Security month after month, a benefit that could provide you with one source of income when you stop earning money.

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.

Develop responsible contracting standards for service contracts to ensure that cafeteria workers, janitors, security officers and other onsite service workers are paid a livable wage, receive benefits equitable to those received by directly employed workers, have the right to a voice at work without fear of discrimination or retaliation, do not suffer mass layoffs when contracts change hands, and are protected from misclassification and other forms of wage theft;

You can also Estimate Your Benefits by going to the Social Security website and answering some questions about yourself and your income, it will give you a good idea of what to expect when you retire.

You'll need a plan for managing your income during retirement, and you'll need to decide when to start claiming Social Security benefits.

So knowing when to trigger Social Security benefits for maximum income is a major decision.

By entering birth date and income information, users can develop either an individual or household strategy to determine when to trigger Social Security benefits.

However, your Social Security spousal benefits are limited to 50 % or less of your spouse's primary insurance amount, depending on your age when you claim them.

«Deciding when to start taking your Social Security benefits is one of the most important retirement planning decisions we face,» Ken Hevert, senior vice president of retirement at Fidelity Investments, told CNBC.

As Selena points out, your lifetime benefits are a factor of when you claim Social Security and how long you live, so if you anticipate living to your life expectancy, it's rational to front - load your Social Security, so long as you're comfortable with the future consequences.

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.

You should also review our article on when to start Social Security to figure out what the Full Retirement Ages and Delayed Retirement Benefits are for both you and your spouse.

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

This online Social Security Calculator will help you choose when to take Social Security benefits.

When Should You Take Social Security Benefits?

When to claim Social Security benefits will be one of the most important decisions that you make regarding your retirement, along with how to take retirement income from your various retirement accounts and how you will fund your health care needs in retirement.