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…
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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.  …
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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…
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Aged_Chartbook2014

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…
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Dib or Rib

Disability Or Retirement?

Q: At nearly age 64, I just stopped work because of a severe accident. Is it better to apply for Social Security disability or retirement? A: You can apply for either one or both at the same time. You chose what to do. Social Security disability depends on more than your immediate medical condition.  Based…
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