The second thing to know about Social Security when married is your joint life expectancy. When couples are planning for retirement or annuity payments, they often use a joint life expectancy in which they take the life expectancy of their partner (who may become the beneficiary) into account a...
SOCIAL SECURITY INFORMATIONby Edward D. CollinsYou can start collecting Social Security when you turn 62 years old.The amount you receive each month is based upon your top 35 years of lifetime indexed earnings. (Indexed earnings... the amount is adjusted for inflation.)You need to work at ...
Social Security Retirement Age Chart TheSSA retirement age chartcalculates how your monthly payout will be reduced by if you start receiving them early. It also shows that the reduction percentage decreases as your birth year approaches 1960. ...
It turns out people at the bottom of this chart are not having an increase in life expectancy, and they are getting a real reduction in Social Security benefits as a result as they are going to get Social Security payments for less years. ...
Comprehensive and meticulously documented facts about Social Security. Learn about Social Security's taxes, benefits, financial status, reform options, and more. For example: • Taxable Maximum • Causes of Fiscal Problems • Old-Age Benefits • “Looting the Trust Fund” • Personal Ownersh...
I’vedocumented the differencein the past, but here’sa chartbased on the latest numbers. And notice that the biggest advantage for state and local bureaucrats is their benefits. Regarding their benefits, some state and local bureaucrats are exempt from participating in Social Security because they...
It’s been ten days since the Social Security annual report to Congress has come out. I’ve been waiting for the devotees of SS to write something cheery about the report. For the most part the cheerleaders have been silent. That’s with good reason. The report stunk. There’s nothing...
Primary Insurance Amount (PIA)– this represents the amount you will receive each month if benefits start at Full Retirement Age (FRA) as shown in the following chart: Your PIA is based on your lifetime Social Security earnings adjusted for inflation. The calculation of your benefit is based ...
Social Security Public Trustee Charles Blahous, author of Social Security: The Unfinished Work, argues that it may already be too late to save Social Security “as we know it”: Social Security’s future, at least in the form it has existed dating back to FDR, is now greatly imperiled. ...
(Muñoz de Bustillo et al.,2011b; Nikolova & Cnossen,2020), such as job security, the intrinsic interest of work, opportunities for career advancement and a flexible timetable. In fact, some of them, such as job security or being able to work independently, are considered by workers in...