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Asked by a 65 year old woman from MS on 11/20/2017
Michelle Dash
Michelle Dash, Financial Advisor says
Your earnings may be reduced IF you are receiving Social Security before your full retirement age AND you are making more than than the yearly earnings limit: https://www.ssa.gov/planners/retire/whileworking.html Full retirement age is 66 for people born between 1943 and 1954. In the year you reach full retirement age, Social Security ... (Read More)
Asked by someone from MA on 11/17/2017
Steve Chen
Steve Chen, Retirement Advisor says
You can only claim a Social Security spousal benefit IF your husband has claimed and started receiving Social Security benefits: https://www.ssa.gov/planners/retire/applying6.html If you qualify for Social Security yourself you can claim your own benefit - you can create an account to see here: https://www.ssa.gov/myaccoun In general it's a ... (Read More)
Asked by a 60 year old man from CT on 11/13/2017
Steve Chen
Steve Chen, Retirement Advisor says
Assuming that you are the higher earner between the two of you, then by delaying until 70 (you maximum retirement age) you're following the most important Social Security claiming best practice https://www.newretirement.com/retirement/smartest-social-security-decision-if-married/ However if your spouse claims before her full retirement age ... (Read More)
Asked by someone from TX on 11/11/2017
Steve Chen
Steve Chen, Retirement Advisor says
Hi, Your Social Security benefit is based on your highest 35 years of income: https://www.myretirementpaycheck.org/how-my-paycheck-works/social-security/how-are-benefits-calculated?redir=301&src=/social-security/how-are-benefits-calculated Since you already know the benefit you qualified for it will not go down. If you made additional money ... (Read More)
Asked by a 55 year old woman from IA on 11/5/2017
Steve Chen
Steve Chen, Retirement Advisor says
Did you mean how much can you earn and not effect your Social Security Benefit? Once you achieve your full retirement age there is not longer a "work penalty" so you can earn as much as you want! You can read more about this here: https://www.ssa.gov/planners/retire/whileworking.html (Read More)
Asked by someone from FL on 10/26/2017
Steve Chen
Steve Chen, Retirement Advisor says
Hi, Unfortunately Bud passed away this summer - we wrote about it on our blog https://www.newretirement.com/retirement/henry-bud-hebeler-memoriam-life-retirement-well-lived/ In general Bud felt like people should delay Social Security until at least their full retirement age, since you no longer have the work penalty and you are increasing ... (Read More)

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