Whentostartretire

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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portrait of a young couple and their son standing in a cemetery

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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Social Security Taxable Earnings Base And Tax Rates For 2016

Social Security payroll taxes are paid each year up to a maximum amount set by law when you have wages or self-employment income that is covered by Social Security. This continues even when a person receives monthly Social Security benefits. New earnings are automatically reviewed each year to see if they increase benefits. The best…
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Use The Social Security Retirement Planner

Do you plan to file for Social Security retirement within the next few years? The SSA website has plenty of information to help you get ready. Social Security was never intended to provide your full retirement income. Under current law, Social Security retirement benefits will replace about 40 percent of your pre-retirement earnings if you…
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Can I Apply For Social Security Disability If Working?

Q: Can someone who is disabled but working full time apply for Social Security Disability? A: The Social Security definition of disability is based on ability to work plus other requirements. Shown below, see the steps followed in making a disability decision and note that three of the five basic questions involve ability to work.…
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