Yes it is very possible that the retirement incentive amount will be subject to social security taxes in the year that the is received.
Yes. Social Security Retirement paymants are paid in arrears. So the check you receive in July is for your June payment
No the social security payment amount that you are qualified to receive will not have any affect on the amount of your spouses payment amount that he is already receiving
YES
Payment for retirement begins at 62 (at a reduced level), but payment for disability can be at any age.
Social Security disability benefits are typically lower than retirement benefits because they are calculated on the basis of fewer years of income. When a disabled worker reaches full retirement age, his or her benefits automatically convert from disability to retirement income at the same rate. There is no windfall payment for disability.
The Social Security Retirement Planner, website www.ssa.gov/retire2/, is a government-run website that has everything you need to know about social security retirement. The site helps you plan and know how much you will be getting for retirement.
noTo get social security a person has to work 40 quarters and be at least 62. Social security is for people who have paid into it so they can have a retirement. If someone is 18 today they will not qualify for a full social security payment until they are about 69 or 70 years old.
No. Social Security retirement (vs. SSI) is not based on income or assets.
social security is not impacted by other retirements. they are separate. Your military retirement will not affect or change your wife's retirement from the railroad. you will each have your own retirement and at age 62 or older you each will also have your own social security. however, your wife many not have any input to social security benefits if she has not paid into social security during her work span. best to check with social security to see where she stands with social security
Can you draw social security and teachers retirement and change from your social security to my wife who passed away a short time ago?
Yes. If you work after retirement, you will still have contributions to Social Security and Medicare (FICA) withheld from your paycheck at the same rate as before retirement.
Yes. If you work after retirement, you will still have contributions to Social Security and Medicare (FICA) withheld from your paycheck at the same rate as before retirement.