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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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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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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Smiling woman at home with coins

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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