Social security benefits are not just for those who are retired. Social security benefits may also be received by spouses, ex-spouses, children, and certain individuals with disabilities. Let’s take a look at who is eligible for social security benefits. Can I Receive Social Security Benefits? Working and paying social security taxes allows you to earn… Continue reading Who is Eligible to Receive Social Security Benefits?
Tag: social security
How Is Social Security Calculated?
It can be hard to predict how much you will receive from Social Security, especially if you are more than a few years away from retirement. By familiarizing yourself with how your benefit will be calculated, you can learn how to budget for retirement and even boost your future Social Security payments. Your social security… Continue reading How Is Social Security Calculated?
Should You Take Social Security at Age 62?
Most people become eligible for social security benefits at age 62. Some feel that they should claim as soon as possible to “get the most out of” what they’ve paid into social security. Others decide to retire early and claim their guaranteed income as soon as they can. Claiming social security at age 62 rather… Continue reading Should You Take Social Security at Age 62?
Should I Take Social Security at 70?
There are benefits to waiting until age 70 to claim social security. For example, waiting until age 70 will provide you with the highest net monthly payment. However, you should consider factors including your life expectancy, your spouse’s social security strategy, and your financial needs. Waiting until age 70 to claim social security is not… Continue reading Should I Take Social Security at 70?