10000rupees
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.
The amount of money you can make while collecting Social Security depends on your age and whether you have reached full retirement age. If you are under full retirement age, there is a limit to how much you can earn before your Social Security benefits are reduced. Once you reach full retirement age, there is no limit on how much you can earn while collecting Social Security.
My aunt had 23,114 dollars of retirement and 16,368 dollars of social security income.Her social security. Is taxable.How much would she have to pay in social security,dollar-wise?
The amount of money you can make while on Social Security depends on your age and whether you are receiving retirement or disability benefits. If you are under full retirement age, there is a limit to how much you can earn without reducing your benefits. Once you reach full retirement age, there is no limit on how much you can earn while receiving Social Security benefits.
If while receiving social security retirement benefits, I get married, can my wife receive thru me, and if so how much if my monthly check is, $1738.
14640
Common social security retirement questions include: When can I start receiving benefits? How much will my benefits be? Can I work and still receive benefits? How does my spouse's work history affect my benefits? How do I apply for benefits?
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.
When people refer to "Social Security," they general mean retirement benefits. SSDI is Social Security Disability Insurance, which is paid from the same fund, but available only to disabled people who are below full retirement age.If you're asking whether you can receive both Social Security retirement and Social Security disability benefits, the answer is no. If you meet SSA guidelines for disability, you receive SSDI until you become ineligible or reach retirement age, whichever occurs first. If you remain on SSDI until retirement, your Social Security benefits automatically convert from disability to retirement. You can't receive both at the same time.If you're asking whether you can receive private disability insurance payments after you begin receiving Social Security disability or retirement benefits, that depends on the policy. Consult with your insurance agent or employer for more information.
Social security is not the best retirement fund. There is a maximum that goes in each year so you will not get enough in retirement from just that. 10-20% of your income into a separate retirement account would be ideal.
According to the Social Security Administration: "If you were born January 2, 1943, through January 1, 1955, then your full retirement age for retirement insurance benefits is 66. If you work and are full retirement age or older, you may keep all of your benefits, no matter how much you earn. If you are younger than full retirement age, there is a limit to how much you can earn and still receive full Social Security benefits. If you are younger than full retirement age during all of 2009, we must deduct $1 from your benefits for each $2 you earned above $14,160. If you reach full retirement age during 2009, we must deduct $1 from your benefits for each $3 you earn above $37,680 until the month you reach full retirement age."
You can try estimating your retirement benefit using one of Social Security's benefit calculators or request a statement from the Social Security Administration. You can initiate both processes online. See Sources and Related Links, below.