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How old do I have to be before I can retire and take social security benefits?
Wiki User
∙ 14y ago
The earliest possible age for social security is 62 in terms of retirement. Information about social security can be found online, at sites like http://www.ssa.gov/pubs/10035.html and involve a lot of helpful facts that can assist when you have to make decisions about social security and/or retiring. There's a certain number of credits required for benefits, and the site given should help you learn about them.
Wiki User
∙ 14y ago
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How is your monetary compensation affected if you can retire at 60 but do not want your social security benefits until 66?
You can retire whenever you want to without collecting social security benefits. The longer you wait before signing up for social security, the higher your benefits will be. You can go to the social security site and calculate what your benefits will be. You can retire whenever you want to without collecting social security benefits. The longer you wait before signing up for social security, the higher your benefits will be. You can go to the social security site and calculate what your benefits will be.
Are unemployment benefits added to Social Security benefits when you retire?
No. You cannot receive unemployment benefits and retire also. To receive them you must be actively seeking full time employment
When can I begin collecting Social Security retirement benefits, and can I change my mind if I start collecting too early?
You can get Social Security retirement benefits as early as age 62, but if you retire before your full retirement age, your benefits will be reduced, based on your age. For example, if you retire at age 62, your benefit would be about 25 percent lower than what it would be if you waited until you reach full retirement age. You can still work while collecting your Social Security.
How do younger workers pay for social security benefits to retired workers?
Younger workers pay for social security benefits to retired workers through payroll taxes. A portion of their wages is deducted and paid into the Social Security trust fund. These funds are then used to pay benefits to current retirees. When the younger workers themselves retire, the next generation of workers will contribute to their benefits.
The best way to get social security benefits is to hire a social security attorney. ?
The best way to get social security benefits is to hire a social security attorney.
Are you penalized for moving from the state of Pennsylvania when you retire and collect your benefits?
If you're referring to unemployment benefits, you can't continue receiving them if you truly retire. If you mean Social Security benefits, they're Federal and where you live is immaterial to receiving them, so there's no penalty there.
Can you apply for Social Security at age 59?
No, the earliest you can collect Social Security retirement benefits is age 62. While you may be able to retire at age 55, you will need to have other resources to draw from until you are eligible for Social Security. Retiring at age 55 is difficult for most people. Not only are not you not eligible for Social Security for many more years, but in general, you can't access your retirement accounts until you reach age 59 1/2. Also, you don't qualify for Medicare until age 65. All of these combined make it very difficult for the average person to retire at 55. If you are retiring because of disability and qualify for Social Security disability benefits, you can collect those before age 62.
Need to find a copy of my social security benefits for 2014?
Go to your social security department and ask about your benefits for 2014 . The Social Security Statement provides information about your earnings history and estimates of your Social Security benefits.
Can you receive Social Security benefits when you retire if you already receive veteran disability benefits?
Yes, you can. You served your country and you deserve to reap the benefits from what you worked so hard at. You get your social security benefits to because you contributed to the social security system for your working adult life. Therefore, you receive both benefits.
What are the social security benefits in Wyoming?
Social Security benefits are the same no matter what state you live in. Social Security retirement benefits are based on your earnings record or "credits" and your age.
Are the words social security on a social security benefits check?
no
How do you find out how much you get when you retire at the age of 62?
where can i get info on how much will i receive from social security when i retire at age 62 or how can get in touch with social security
