Full retirement age

Four reasons not to take your benefits early

Many retirees are not sure when to begin their Social Security retirement benefits. If you start your benefit at age 62, you will receive a reduced amount; however, if you postpone taking your benefits from your full retirement age up…

Dramatic increase in initial claims for Social Security benefits

Americans are rushing to apply for Social Security benefits this year, for some, earlier than planned. Why? Many Americans saw the changes around the Social Security Administration and the stock market volatility as a sign that they should apply for…

When Is the Right Time to Retire?

Ah, retirement! That wonderful time of life that we dream about all during our working years, but which also presents a dilemma as we approach the end of our working career. When is the right time to retire? Do we…

About Claiming Social Security Early

One of the most frequently asked questions at our AMAC Foundation Social Security Advisory Service is “when is the best time to claim Social Security?” Our answer, of course, is “It depends.” It depends on your financial need, your health…

Ask Rusty – Will My Social Security Increase if I Keep Working After Applying?

Dear Rusty: I am going to be 67 in a few weeks & I plan on working for another year or two. According to Social Security, they count the best 35 years to come up with your benefit. I currently…

How to calculate your full retirement age

You can start your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. So, how do you find out what your full retirement age is?…

Ask Rusty – When is the best time for me to claim Social Security?

Dear Rusty: I will be 66 ½ in June and would like to discuss when would be the best time for me to start taking my social security benefits. I am still employed full time and don’t want to be…

Planning for beginning your Social Security benefits

When you are ready to start your Social Security benefits you have to plan on a month without a payment. Social Security pays one month behind. For example, if you start your benefits in June, you won’t receive your first…

Ask Rusty – Can My Wife and I get Spouse Benefits from each other?

Dear Rusty: My wife and I are currently collecting Social Security. We both started receiving SS at 62 years old.  That said, we get by on a tight budget.  A retired friend told us about an option which allows a…

About Seniors and Social Security Disability

In this very informative article, a former Social Security employee discusses Social Security Disability Insurance (SSDI) benefits, and draws a comparison between another disability program known as SSI (Supplemental Security Insurance). The former is a program available to all working…

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