Sentences with phrase «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.

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.

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).

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.

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.

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.

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.

My FRA is $ 2289 and my spouse (starting at full retirement age) is $ 2263.

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.

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.

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.

For example, if your full retirement age is 67 and you start your retirement benefits at 62, prepare for your monthly benefit amount to be reduced by about 30 percent.

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.

As a general rule, survivors benefits based on age will be about the same total Social Security benefits over a lifetime, whether they start early or at full survivors retirement age.

Postpone the start of Social Security: Postpone collecting Social Security until at least full retirement age, or longer to get the maximum retirement income 2017 (and beyond).

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

While it's true that you may end up collecting benefits for the longest period of time by starting at age 62, if you can afford to do so, it's generally best to wait at least until your full retirement age (FRA).

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.

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).

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.

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.

Full retirement age is based on your date of birth, starting at age 65 if you were born in 1937 or earlier and increasing to age 67 if you were born any time after 1938.

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?

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.

Your full retirement age (67 if you were born in 1960 or later) is the age at which you can start collecting full or unreduced benefits.

If you start collecting at age 66 or 67 (the full retirement age, depending on when you were born), you'll get your full benefit, and if you wait until age 70 (delayed retirement), you'll get a bonus — anywhere from 5.5 percent to 8 percent per year, depending on your age.

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 at 62, you'll get just 70 % or 75 % of your benefit, depending on your full retirement age.

If the benefits start at an earlier age, they are reduced a fraction of a percent for each month before full retirement age.

For someone whose full retirement age is 67, starting benefits at age 62 means taking a nearly 30 % monthly hit.

Although individuals are eligible to start collecting benefits starting at 62, only when you reach Uncle Sam's definition of full retirement age will the SSA pay 100 % of your benefits.

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.

The break - even point is the number of months after the start of your benefit when the total of all your delayed payments will be equal to the total you would have received if you started your payments at full retirement age.

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.

We're not recommending that you start at age 62, your full retirement age, age 70, or any age in between.

Under this rule, an individual 62 years or older can start collecting benefits but stop the benefits within 12 months of the start, repay the benefits collected, and then still be eligible for their higher benefit amount when they collect at full retirement age or older.

We have a while before we can start taking Social Security and plan to wait until at least full retirement age with a goal of waiting until 70 for me as the higher earner.

Unfortunately, it's common to see couples in which both spouses start taking Social Security at full retirement age (or close to it), despite the fact that there would have been a strictly - superior strategy available to them.

You can receive reduced benefits starting at age 60 or full benefits at your full retirement age.

Whether you start receiving Social Security benefits at age 62 or at the full retirement age, you should be aware that continuing to work may result in what is called an earnings offset under the Social Security Earnings Test.

If you start taking Social Security at 62, rather than waiting until your full retirement age (FRA), you will receive reduced monthly benefits.

For someone with a full retirement age of 67, a $ 1,000 monthly benefit would drop to $ 700 if they started benefits at age 62, according to the SSN website.