Most workers don’t face an “official” retirement date, according to the Social Security Administration. The Social Security program allows workers to start receiving benefits as soon as they reach age 62 – or to put off receiving benefits up until age 70.2 “Full retirement age” is the a...
Disability benefits are available for people who cannot work due to a long-term physical or mental condition that will last for more than a year and is severe enough to affect their ability to work and live independently. Their family members are also eligible for the benefit. Supplemental Be...
The Social Security Administration "urges states to continue their work during a shutdown, but the decision lies with state governments and in the past some have closed," she noted. Because there are already huge backlogs in disability decisions, a government shutdown could worsen delays, Romig ...
There are exceptions for certain circumstances, such as disability or medical expenses. Before you take an early withdrawal, be sure your situation qualifies as an exception. In addition to creating penalties, early withdrawals can significantly diminish your retirement savings. Explore other options for...
This article will help you understand the requirements of Unemployment (UI),Welfare(TANF/GA), and Social Security Disability (SSI/SSDI). Finding the program that is right for you will save time and help you get the most help possible. This article includes: An overview of all three programs...
But Social Security isn't just about retirement income. It's also a backstop for life's curveballs. Lose your spouse? Survivor benefits step in. Become unable to work? Disability benefits have your back. And let's not forget Medicare — healthcare costs in retirement can be terrify...
A custodial parent receiving Social Security benefits for a disability can affect child support in several ways. The primary issue arising in this situation is whether the benefits are included as part of the custodial parent’s income for purposes of calculating child support payments from the non...
Working While Receiving Social Security Benefits If you work, the money you bring home can affect yourSocial Security benefits—but the specifics depend on your age and how much you earn. Remember that although your full retirement age might be 67, you can start receiving benefits at 62, even...
The Impact of Unemployment and Disability Benefits on Social Security The SSA does not count anyunemploymentyou collect as earned income. This means it doesn't impact your retirement benefits. So you may be able to collect both.14 Keep in mind, though, that the Social Security checks you rece...
SOCIAL SECURITY HOW IT WILL AFFECT YOU; Young Americans urged to start investingWheeler, Ericka C