You're eligible to collect Social Security at age 62, but that's not always the best time to start taking it. You'll be penalized for taking Social Security before yourfull retirement age(66 or 67) and you can earn an even larger benefit if you wait until age 70...
A fourth way to qualify for a Social Security benefit is to marry into it, so to speak. For instance, should your spouse pass away, you could potentially qualify for a survivor benefit, assuming that survivor benefit would pay out more than what you'd earn from your own retirement benefit...
In addition to retirees, certain family members of retirees may be eligible for Social Security retirement benefits. This may include spouses, ex-spouses, children, and dependent parents. Note that eligibility requirements and benefit amounts may vary depending on individual circumstances. Contact the ...
It’s been in the news lately, but what exactly does the Social Security Administration do? Maryalene LaPonsieApril 15, 2025 Raising Retirement Age: Help or Harm? A later benefit age might help the system, but it won’t help every future retiree equally. ...
Good to know: If you receive a government or private pension for a job that didn’t contribute to Social Security, the SSA may reduce your benefits. How much the SSA reduces them depends on how much you’ll receive from your pension. Other factors can affect your monthly benefit, includi...
Below are the ways you can apply for the benefit, and find out if you qualify. Social Security survivors benefits: How to get started When someone dies, the surviving family members have a range of financial responsibilities to attend to, from canceling their credit cards to filing their taxes...
You can receive Social Security benefits if you’re still working or even if you plan to return to work after you start collecting them. But the amount you receive in benefits will be reduced based on your earned income. What is the maximum Social Security benefit I can receive? The most...
The Social Security Fairness Act overwhelmingly passed the House in early December and on December 18 cleared a key Senate procedural vote by 73 to 27. …half a century ago, Congress realized that Social Security benefit windfalls for public sector employees were costly, unnecessary and unmerited....
the adjustment for lost benefits was not nearly as generous as it is today. Initially, the social security benefit structure discouraged work after the age of 65. With recent changes, the program is roughly neutral in its effects on the incentive to retire. Thus social security in the past ...
between age 66 and 67.You would get a divorced spousal benefit only if it's greater than the amount you've earned on your own work record when you apply. Social Security pays the higher of the two amounts — not both. Divorced spousal benefits end if you remarry.To apply, you must ...