These three strategies will help you boost your benefit, whether you're already claiming or haven't signed up yet.
If your full retirement age is 67 and you claim Social Security at 62, you'll be looking at about a 30% reduction in payments. So if you're entitled to $2,000 a month at full retirement age, signing ...
Though most Americans are familiar with Social Security benefits, many may not know that they could also be eligible to receive payments as a spouse. It's a chance for seniors to bring in more money, ...
This is read by an automated voice. Please report any issues or inconsistencies here. Dear Liz: I’m 59. In 8 years, I will qualify for an average Social Security income. I have no retirement saved and ...
Waiting until age 70 to collect Social Security benefits provides the highest possible monthly payments as this is when delayed retirement credits stop accumulating. But does this strategy suit ...
Claiming Social Security at 62 will reduce your monthly retirement benefit by up to 30% and your spousal benefit by up to 35%. If you're still working, you could lose more benefits to the earnings ...
Social Security spousal benefits can be an important source of retirement income, especially if there is an earnings disparity between spouses. But there are a few things that all married couples need ...
Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...