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Do my social security benefit increase if I early retired at 62 and still working?
Wiki User
∙ 9y ago
Whether or not you qualify for SS benefits does not depend on when you quit working, but your age (or other special conditions) and the benefits depend on the number of quarters you worked and when you elected to begin receiving those benefits relative to your full entitlement age.
Wiki User
∙ 13y ago
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What does the money form social security taxes fund?
Social security is basically when the government takes a certain percentage of money from the working generation and gives it to the retired generation. When the working generation become retired, they receive social security. Social security started after the Great Depression, when the government needed to make sure that people had money stored away to live after they stopped working. People get certain amounts of social security depending on how much they and their spouses worked as young people, as well as what jobs and how much they gave to social security. The current problem with social security is that the baby boomers are now becoming retired, and there are more of them than the current generation of working people. There is not enough money to support these retiring people, and unless the government subsidies social security or takes other measures, it is likely to fall apart before people currently in their 30s and 40s become retired. So basically, the idea of how social security works is that you put away money and you will get that money when you retire.
If you work full time in the state of Texas can you draw unemployment if you are retired and draw social security?
you can not draw unemployment in Texas if you are working full time
Can you claim unemployment benefit when working short time?
It depends on the circumstances. You should check with your state's employment security office for clarification.
Where is Rick steiner working at?
I think he is retired
Are you good at working?
Yes, but now I am retired.
How does working more years increase social security?
When a persons work they are productive and as a result of this increase the amount of cash that finds its way into the hands of the Government. Not to mention that a number of people that would otherwise have ended up relying on social security are still supporting them selves, instead of drawing money from social security.
If you are still working at age 66 and receiving Social Security Benefits do you still pay Social Security taxes on your work income If so do your Social Security benefits continue to increase?
Your age does not affect the requirement to pay SS taxes. Yes, as you gain additional work credit, your benefits may increase.
What is another way to say retired?
An alternative way to say retired is to use the term "no longer working" or "ceased working."
What is the average monthly Social Security benefit check?
The average for October, 2012 was $1,111.09. Payments are based on the disabled individual's work history (in essence, how much they've paid into the social security system). The disability benefit is based on the benefit at full retirement age regardless of the age of the disabled person. While a 35-year-old person declared disabled will receive Social Security payments as if they had reached full retirement age (66), they have not paid into the system as long, so the actual payment will be lower than if they had worked their entire life with periodic increase in salary. The younger the person is, the less they have paid into the system, thus, the less they receive in disability payments.
Did the wright brothers retire or did they die working?
They retired
Where is johnny mountain working now?
He retired this year.
What is retired?
Retired Webkins or Webkins that Ganz has stopped making so there will be no more of them. When this happens a Retired Webkin becomes rare because they dont make them anymore. Almost half of my Webkinz are Retired and my friends are always begging me for them. -Peesho
