MedicarePoster2

Is Age 65 Still Important For Social Security Retirement?

Q: Is age 65 still important for Social Security retirement? A: While age 65 is important as the starting age for Medicare, it has no special meaning for Social Security retirement anymore. Until the Social Security Amendments of 1983, retirement benefits were not reduced for age if you waited until age 65 before starting them.…
Read More

Spouse2

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

Train

Railroad Employment & Social Security

Q: My neighbor works for the railroad and said he will not get Social Security at retirement. Why is that? A: Most, but not all, employed people pay into Social Security and become eligible for benefits. Railroad employment is an exception with a separate system administered by the Railroad Retirement Board. Although two very different…
Read More

Couple

Retirement Amounts To A Couple

Q: Is there a limit to the amount of Social Security benefits payable to a couple?  A: This question is received so often that I routinely discuss it when teaching retirement seminars.  There is no marriage penalty, limit or other reduction when each member of a couple receives Social Security retirement based on their individual work records.  …
Read More

SSA_credits

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