Is Social Security Retirement Prorated?

Q: If starting retirement at age 62, is Social Security prorated for the days that I am 62? A: Social Security benefits are not prorated. You are either eligible for the complete month or not at all. For retirement, you must be at least age 62 through the entire month to receive benefits for that month. A…
Read More

A Question About Spousal Benefits

Q: I reach age 66 in August. A Social Security representative contacted me about my online retirement application. She said my wife could collect half of my amount when she reaches age 66 later this year and that she could later collect her own retirement at age 70. Is this correct? A: As a general…
Read More

Do You Lose Social Security Coverage If Not Working?

Q: I have worked for years and, according to my Statement, have enough credits to qualify for Social Security benefits. Do I lose this coverage if I stop working? A: Work requirements are part of Social Security and credits, formerly called quarters of coverage, are the way work is measured to see if a person…
Read More

Income Of The Aged

For many years the Social Security Administration has surveyed the aged population to determine their economic status. The newest edition of this, called the Income of the Aged Chartbook, has just been published online using 2014 data. The publication covers the population aged 65 or older. Social Security benefits were never intended to provide complete…
Read More

Treasury Dept. MyRA (my Retirement Account)

A popular theme of many retirement articles is that Americans do not save enough. Not everyone has a way of easily saving for the future. Recently developed by the U.S. Dept. of the Treasury, the myRA (my Retirement Account) program is an easy, affordable way to help people start saving for retirement at small amounts.…
Read More