Sentences with phrase «social security retirement benefits now»

As a result, you might consider starting to receive social security retirement benefits now if you think you have less than 15 years to live, and lean more toward waiting if you think you have more than 15 years to live.

Not exact matches

But ten years from now, those costs will jump to 98 % — and in 20 years, the same couple would require 127 % of their Social Security benefits to cover health care costs in retirement.

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!

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These same individuals seeking to enhance their retirement benefits may also have concerns about the seemingly imminent substantial reduction in Social Security payments years from now.

The «claim now, claim more later» strategy outlined in a new study by the Center for Retirement Research at Boston College is based on the fact that married individuals are entitled to either a Social Security benefit based on their own earnings or to a spousal benefit equal to one - half of their spouse's full retirement benefit.

Even people decades away from retirement should pay close attention to how Congress just ended two lucrative ways of taking Social Security benefits, known jointly as the «claim now, claim more later» strategy.

From what we can tell, Mom's application for Social Security retirement benefits has been accepted and now it's simply a matter of waiting for payments to begin.

For many married couples today, Social Security still makes up a significant part of any retirement strategy, and now same - sex married couples can also include these benefits in their financial planning.