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Early Retirement And Survivors Benefits

Several recent posts are about starting Social Security retirement early, meaning reduced because you are younger than full retirement age (FRA). Full retirement age is just a point of time. Depending on your overall plans, it is perfectly fine to start benefits earlier or later than FRA. Your choice. Another time to consider starting Social…
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Child_benefits

Early Retirement And Child Benefits

The previous two posts were about starting Social Security retirement when younger than full retirement age (FRA). FRA ranges from 65 – 67 and is 66 for people born in 1943 – 1954. Deciding to retire is a major decision and Social Security benefits are just one part of that decision. Some of the many…
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Spouse

Early Retirement & Spousal Benefits

Last week I posted that starting your Social Security when younger than full retirement age (FRA) can be a good option if it fits your overall retirement financial planning. If it fits your plans, another time when starting your retirement benefits early, meaning before your FRA, could be good is if you will be able…
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Starting Retirement Before FRA

When I teach retirement seminars, many questions are about when to start Social Security benefits. The “best time” depends on your plans. A one size fits all best time to retire does not exist. Deciding to retire is a major decision and Social Security benefits are just one part of that decision. Some of the…
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What Is The Maximum 2016 Social Security Retirement Amount?

The maximum monthly Social Security retirement amount payable in a year generates a lot of interest. Here is the 2016 amount. To be clear, this will be the maximum amount payable to a person retiring exactly at full retirement age (FRA) in 2016. This is not the same as the highest possible Social Security retirement amount.…
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