Social Security

We all do in the long run. It provides income to those who have worked their lifetime and have contributed (along with their employers) into the program. The beneficiaries are survivors of the contributor, the disabled, medicare recipients, and retired people.

Because they were really not paying them the amount of money they should.

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FICA contributions, including various sub (categories of things like SS, Disability, Health, etc) are 15.30% of FICA wages. What is considered FICA wages differ from other wage considerations in many ways, (it has a top limit of about 106,800, how pension contributions factored, State taxes, etc.).

If you are an employee, the employer MUST pay half of the contribution so you pay 7.65% and the employer pays the same. If you're self-employed, the amount normally paid by the employer is collected through something called the "self employment tax" when you file your income tax return.

You can generally still collect unemployment while collecting social security, unless it is social security disability...even then you still might be able to. I worked for the Unemployment Office & just an FYI, they do not know if you are on social security and are unable to check, so if you do not say anything, they will never know.

Yes, if you are eligible for Social Security benefits, you will still receive your benefits. According to the Social Security Administration, the person incarcerated will not receive monthly Social Security benefits, but benefits to their spouse or children will continue as long as those dependents remain eligible.

Born between 1943 and 1954 your full retirement age for your social security benefits would be 66. You can start at the age of 62 but you will receive reduced benefit amounts …if you choose to do this. Go to the SSA gov website and use the search box for more information about this.

Yes, under certain circumstances. If you are at least 62 years old, you can draw spousal benefits of up to 50% of your qualifying living spouse's monthly entitlement, but your spouse must retire or already be retired before you become eligible for benefits. If the working spouse has reached full retirement age and would like to remain working, he or she may elect to file for benefits, then suspend his or her portion in order to continue accumulating delayed retirement credits.

If you have not yet reached full retirement age (65 for people born before 1943; 66 for those born between 1943 and 1954), your benefit will be reduced and will continue to be paid at the reduced rate for as long as you draw Social Security.

Once you begin receiving benefits under a spouse's work record, you cannot earn more than $14,160 per year without receiving a temporary reduction of $1.00 for each $2.00 earned over the annual limit. This cap is lifted the month you reach full retirement age.

If you are eligible to draw benefits against your own work record, Social Security will check both of your records and pay your benefits based on the one that generates the higher monthly check.

Ex-spouses may also qualify for social security retirement benefits, if married to the worker for at least ten years. This does not affect the amount of your, or your spouse's, benefits.

You will become eligible to enroll in Medicare at age 65 on the basis of your living or deceased spouse's work record.

no

Social Security was enacted in 1935.

An ex-offender has the legal right to apply for any Social Security and/or Supplemental Security Income benefity they may qualify for, but there is no "emergency" supplement benefit that exists for ex-offenders.

All of the above.

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As a disabled veteran, I am witness to such cases where the veteran does collect veterans administration and social security disability. Usually the veteran is receiving VA. disability at the 100% rate. Social security will fight awarding it, usually based on the applicants age. The older you are though, the easier it is to collect both.

Your SSN is reviewed at a minimum annually, when you file your taxes.

A Social Security number consists of 9 digits and is structured as follows:

000-00-0000

The first set of three digits is called the "Area Number", and is based on the mailing address ZIP code used by the applicant.

The second set of two digits is called the "Group Number"and is a series of odd and even numbers. The first set consists of odd numbers running from 01-09. Once these odd group numbers have been used, even group numbers take their place and range from 10-98. Once all of these group numbers are exhausted, the order is reversed, with even group numbers (2-8) coming first, followed by odd group numbers (11-99).

The third set of four digits is called the "Serial Number", and runs consecutively from 0001-9999.

I was born in 1949 and retired early at 62, how much money can I earn without a penalty?

Yes, if you have worked within the last year and were terminated from your job or quit under certain, narrow circumstances. Because they are separate programs, designed for different purposes, you need to qualify for them individually, but can receive benefits simultaneously.

The average age of retirement in the USA has been on the rise for the past two decades. The average age is now 64 for men and 62 for women according to the latest statistics available. However, people may retire at whatever age they choose.

If your birth date is 1/2/43-1/1/55 Then your full retirement age is 66 years.

After you reach your FRA your earnings are no longer subject to the earnings test amount. But it is possible for from 50% to 85% of your social security benefits to become taxable income on your income tax return.

Yes

If you get your check normally on the 1st or 2nd day of the month, your January check may be mailed or directly deposited on Friday, Dec 31stl, 2011. If not then you will get it on your normal day after the 2nd of January 2012.

I personally wouldn't expect it unti January 3rd, 2012, because of the 3.6% increase that is scheduled to be applied to it.

payments to older americans

The best way is to ask for a projection of what it is and will be from SS, which they provide happily for free.

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Once you find out how many SS credits you have, go to the Related Link below on how to estimate your retirement benefits.

The earliest you can apply for Social Security retirement is age 62; the latest practical age to apply is 70, because that's the cut-off point when your monthly benefit stops increasing due to deferred retirement.