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Social Security – A Tad Harder to Qualify
Everyone is eligible for Social Security retirement benefits, right? Well, not quite. Most is not all. You need 40 quarters of work to be eligible (or “vested”) to get benefits later in life. The minimum that must be earned goes up each year as well, and with inflation, it is going up quite a bit for 2023. Those that want to accrue the maximum number of Social Security work credits possible in 2023, will need earnings of at least $6,560. Full-timers will have no trouble, but part-timers could. Full article by Maurie Backman here.