Family Members Have Individual Earnings Test Amounts

Q: My husband is starting Social Security retirement soon but I am younger and will continue working. Will my earnings reduce his benefits? A: Your earnings will not reduce his Social Security retirement because those benefits are based on his own work record. Only your personal gross wages and net income from self-employment are included…
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Questions For You Before Starting Social Security

Recent posts touched upon starting Social Security retirement early, meaning reduced because you are younger than full retirement age (FRA). I hope these posts provided you with additional ideas to consider. Deciding to retire is a major decision and Social Security benefits are just one part of that decision. As noted on the earlier posts,…
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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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Earnings And SSA Survivors Benefits

Q: Does the annual earnings test apply to survivor benefits? A: Yes, most of the time. In general, annual earnings test levels apply to anyone younger than full retirement age (FRA) and receiving Social Security benefits unless that person receives benefits because of his or her own disability. This applies even if a person receives…
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Average Social Security Amounts For November 2015

It has been a while since I posted average Social Security benefit amounts so here is national information for November 2015.   For easier reading, I condensed the full material and separated one chart into several parts. You can see the original data here.   This first image is for average benefits related to Social Security retirement…
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