Your Social Security Retirement Age May Not Be What You Think

People tend to think of age 65 as the "official" retirement age. That's because for many decades, 65 was the official retirement age for Social Security benefits, and employers often used it for company pensions as well. But nowadays, anyone who claims Social Security benefits at 65 will get less than they would if they had waited until the current full retirement age, suffering a permanent reduction in their monthly checks.

Topics:  security   social   retirement age   benefits   full   claim   amount   official   applies   
BING NEWS:
  • Liz Weston: How would retired wife's Social Security change at husband's death or their divorce?
    CPA gets conflicting information on 70-year-old client's options as they consider legal separation or divorce.
    05/5/2024 - 3:00 am | View Link
  • Managing mortgage debt in retirement
    Answer: Having a mortgage in retirement used to be uncommon, but that’s no longer the case. The Joint Center for Housing Studies of Harvard University found 41 percent of homeowners 65 and older had a ...
    05/5/2024 - 1:00 am | View Link
  • 3 Social Security Secrets All Married Couples Need to Know Before Retirement
    Divorce benefits are similar in many ways to spousal benefits. You generally have to be at least 62 years old to file, and the maximum you can receive is 50% of your ex-spouse's benefit at his or her ...
    05/5/2024 - 12:00 am | View Link
  • ‘Social Security is broke beyond belief’: Economist says the US retirement safety net is full of holes — how to protect yourself and secure your golden years
    The "retirement planning evangelist" and professor of economics at Boston University says that paying for all projected benefits through time requires “an immediate and permanent hike” in the employer ...
    05/4/2024 - 11:45 pm | View Link
  • A boomer retired early, sold everything, and moved to Turkey. She pays just $500 for basic monthly bills and Social Security more than covers it.
    "You don't need millions to retire," Debra Crockett said. She found out she could live comfortably abroad with a very low budget and has no regrets.
    05/4/2024 - 10:07 pm | View Link
  • More
BING SEARCH:
  • Apply for Retirement Benefits | SSA
    Ready to retire? Here’s everything you need to know about the process and applying for Social Security retirement benefits. Start your application online today.
    05/4/2024 - 4:21 am | View Website
  • Retirement Benefits | SSA
    Social Security is part of the retirement plan for almost every American worker. It provides replacement income for qualified retirees and their families. This section of our website helps you better understand the program, the application process, and the online tools and resources available to you.
    05/3/2024 - 7:38 pm | View Website
  • Benefits Planner: Retirement | Retirement Age and Benefit ...
    You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase.
    05/3/2024 - 7:17 pm | View Website
  • Social Security and how it works | USAGov
    Government benefits. Social Security. How Social Security works. Social Security and how it works. Social Security provides a source of income when you retire or if you cannot work due to a disability. Learn how to replace your Social Security card, apply for benefits, and more. Get a Social Security number or card.
    05/3/2024 - 6:34 pm | View Website
  • Learn About Retirement Benefits | SSA
    Understand how Social Security fits into your retirement plan by learning how Social Security works, eligibility requirements, and what to consider before applying.
    05/3/2024 - 1:11 pm | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News