Full retirement age
Ask Rusty – Should I Retire at 65 or 67? And What About Earnings & Taxes?
Dear Rusty: I’m just trying to figure out how to determine whether to retire at 65 or 67 and, if I retire, approximately how much could I make outside of my Social Security without being overly taxed. Signed: Thinking About…
How waiting boosts your benefit?
There is no perfect age to begin your Social Security benefits. Your choice of when to take your Social Security benefits is a personal one based on your circumstances. However, if you wait past your full retirement age to begin…
Why is the average Social Security benefit so low?
Regarding Social Security benefits, it is not the same amount for everyone. Many factors will impact the benefits you will receive – how many years you worked, how much you made during your career, and when you decide to begin…
Why take the risk?
You can start receiving your Social Security benefits as early as age 62; however, if you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age. That small percentage could add…
Here’s the average age retirees claim Social Security
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 retirement age. If you delay taking your benefits from your full retirement age up to…
Yes. Social Security Retirement Age Should Be Raised
Rachel Greszler, a Senior Research Fellow at The Roe Institute, makes the case for raising Social Security’s full retirement age to 69 or 70 as a way to stave off insolvency. When the program was enacted, life expectancy at birth was 61…
Ways to alleviate Social Security’s Insolvency
Both Social Security and Medicare are popular with Americans on both sides of the aisle, but their is a deep divide on how to fix the situation. Some possibilities include, raising the tax limit, raising taxes, and raising the Full…
A Puzzle to Solve : What is the best Social Security claiming age for YOU !
Social Security recipients can choose to take benefits anytime between ages 62 and 70. So how do you sort all that out and make the right decision for yourself? If you take it before Full Retirement Age it will be…
Making That All Important Decision – When to Claim Social Security Benefits?
The attached article by Stefon Walters on June 2, 2024 for The Motley Fool has information to help guide this decision. First, know your Full Retirement Age and how your benefits are affected by starting before or after that Age.…
About Raising Social Security’s Full Retirement Age
Hyperbole and apparent political endorsement aside, this Motley Fool article by Maurie Backman identifies and tacitly endorses a controversial solution to Social Security’s financial woes – raising the full retirement age (FRA). FRA is when a claimant can get 100%…