If you were born in 1952 what would be the full age for retirment to collect social security?
Payment for retirement begins at 62 (at a reduced level), but payment for disability can be at any age.
Would I be able to collect on my first husband's social security when I reach retirement age we were married for eighteen years he remarried in 1993 and I plan to remarry next year?
No, your social security entitlements are individual to you, you can only benefit from your husbands if he dies while you are married. If you had any children with your first …husband you may be entitled to security points while you were looking after them, you need to check up on this. (By the way this is relevant to the UK only)
can you collect social sercirity at the age of 56
The earliest you can collect Social Security retirement benefits is age 62. You would be entitled to approximately 75% of the amount you would receive if you waited until full… retirement age (66) to retire. This amount will not increase when you reach full retirement age, so there is a penalty for filing early. The SSA does not make partial payments except when making adjustments to offset windfalls, other government pension checks, or excessive early retirement earnings. If you file for retirement benefits at age 62, they will pay the full monthly amount to which you're entitled.
Unless you are awarded SS Disability or a similar award, the qualifying retirement age is graduated depending on when you were born. Contact your local SS office for further… information.
If a person works past retirement age and collects social security while they work do they continue to pay into social security and medicare?
Yes, and their benefit can get higher as time goes on, because it is based on their highest 35 years of earnings, put in today's dollars.
No. Only earned income is counted toward the $14,160 annual cap and still allow you to receive full benefits between the ages of 62 and the year in which you achieve the ful…l retirement age of 66. The earning cap increases to $37,680 in January of the year you turn 66, and is lifted completely the month of your birthday. Afterward, there is no earned-income limit. Pension checks, 401k payouts, annuities, capital gains, and other investments are not counted toward the income limit at any time.
If you are full retirement age drawing Social Security can you draw unemployment if you worked full time and was just laid off?
Yes. There are four states that will offset your Social Security against your unemployment benefits, but all the rest will pay compensation in spite of the Social Security. As… long as you qualify under your state's rules concerning unemployment you're safe to go!
No. If you are really retiring, it would mean you are not looking for full time employment, which is a key part of one's being eligible for unemployment benefits. Merely not b…eing qualified for any other program does not entitle you to the benefits, unfortunately.
If you have 40 or more quarters that you have paid into Social Security--you are eligible for Medicare AND can collect a PORTION of your SS. There is an offset because of your… teacher pension.
You collect the highest amount, not both.
There are a number of potential monetary benefits that someone 52 may be eligible to collect under SSA either under their own earnings record or that of another significant pa…rty (parent, step parent, spouse, divorced spouse, deceased spouse).. A disabled person on his/her own earnings record (social security disability benefits) . A disabled widow(er) between the ages of 50 - 60 (at age 60 he/she could be potentially entitled as a widow(er)) on the deceased person's earnings record (disabled widow(er) benefits) . A disabled child (an adult child who was found to be disabled prior to age 22 and eligible on a parent's earnings record (Adult disabled child benefits) . A mother in care of a child entitled on the earnings record of the other spouse (the child would need to be under age 16 or disabled and need the care of the party applying for daily care) (Child in care benefits). . Additional requirements and factors of entitlement should be directed to a SSA representative for a more detailed account of what your particular case involves.. Earnings limits apply in all these cases - some would fall under the annual earnings test and the cases where a disability is the factor of entitlement substantial gainful activity applies. Those amounts are set annually.. However, if you are referring to SSA retirement benefits - the earliest age to collect retirement benefits is 62. The earliest to collect widow(er) benefits - no disability alleged, minor and/or children in care - is age 60. Again, earnings limits apply.. note this is not an all inclusive response - please check with SSA for additional factors of entitlement and how they may apply to you! This is possible only if you become disabled; you cannot collect retirement income until age 62 or older.
Yes. If you retire at age 62, you can earn $1,180 per month ($14,160 per year) in wages and an unlimited amount of income from passive sources, like 401k, annuities, dividends…, non-government pensions, etc. The most you can earn in any year prior to reaching full retirement age (most likely 66) is $14,160. If you exceed the limit, the SSA will temporarily reduce your future benefits by $1.00 for every $2.00 earned over the cap. Social Security will withhold your benefit check beginning in January of the following year until the entire overage has been offset.
Yes. As long as you qualify for each, they are unrelated programs that do not affect each other.
At full retirment age 66 can you and your husand collect own separate benefits check from social security?
The answer depends on your individual circumstances; however, if you begin drawing retirement benefits at age 62, your check will be approximately 75% of what you would receiv…e at full retirement age (most likely 66). This will be your base rate for the remainder of your retirement.