According to the article, retirees can start collecting Social Security at age 62, but they can earn extra. It notes the higher monthly payment for those who wait a few years beyond the eligibility age for full benefits. It also presents the maximum pretax benefits of retirees by age.KNIGHT...
The Social Security Administration (SSA) is responsible for administering and disbursing Social Security benefits to eligible individuals. While Social Security benefits are federal, the process of transferring them to a new state involves certain steps and documentation specific to each type of benefit...
Three factors to consider before working after retirement. In a recent survey, 73% of current workers stated they plan to work for pay after retiring.1And that possibility raises an interesting question: how will working affect Social Security benefits? The answer to that question requires an und...
The main Social Security fund, called the Old-Age and Survivors Insurance (OASI) Trust Fund, is a $2.6 trillion pool of money that funds benefits and other program costs. Because Social Security currently is paying out more in benefits than it receives through taxes, thanks partly to ...
Usually, the Social Security benefit that a spouse or survivor receives is equal to the partner's full benefit, assuming the spouse applied for benefits at thefull retirement age, which is determined by the retiree's birth year. That benefit is reduced if the spouse claimed the benefit someti...
040. If you claim retirement benefits before your FRA, it will generally trigger the so-calledearnings penalty, in which $1 of Social Security benefits will be withheld for every $2 that your earned income exceeds this limit. It rarely, if ever, makes sense to claim your benefits in this...
Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after.Simply click here to discover how to learn more about these strategies. View the "Social Security secrets" » ...
Social Security benefits are primarily retirement payments, but when someone in your family passes away, you might be entitled to survivors benefits.
If you're approaching retirement, now's a good time to learn how to maximize your Social Security benefits. Some little-known strategies could boost your household’s benefits, whether you live alone or still have minor children at home. Here are six ways to get the most out of your retir...
Whether you should postpone your Social Security benefits will depend on a number of factors about your personal situation, including whether you continue working. Consider other sources of income, such as any funds you may receive from a retirement account, when you plan a good time to start t...