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Asked by someone from LA on 9/16/2018
Michelle Dash
Michelle Dash, Financial Advisor says
Your Social Security benefit will be calculated on your highest 35 earning years until you stop working/paying taxes to to Social Security. If you choose to delay taking Social Security, waiting until 70 instead of your full retirement age, your benefit will increase by roughly 8% per year. You should collect your benefit at age 70 because at that ... (Read More)
Asked on 11/27/2012
A NewRetirement User says
I was married for 20 years to my spouse, can I claim off my x husband benefits, and what is my age to start to collect. (Read More)
Asked by a 57 year old woman from MD on 8/30/2018
Michelle Dash
Michelle Dash, Financial Advisor says
The best thing to do is call Social Security and ask them about the benefits you have earned over your working years. You may also wish to ask them how your benefit will change if it taken at 62 compared to full retirement age. Once you have this information, you can work on your retirement plan. Using the NewRetirement tools, you can estimate ... (Read More)
Asked by a 63 year old man from NC on 9/2/2018
Michelle Dash
Michelle Dash, Financial Advisor says
Unfortunately, it is impossible to answer your question as the scenario that you presented has many variables and assumptions (e.g, does your employer participate in social security, your eligible via your employment contract, you work 10 full years, your salary 75K every year, your health allows you to work, you meet other eligibility ... (Read More)
Asked by a 58 year old man from GA on 8/25/2018
Michelle Dash
Michelle Dash, Financial Advisor says
Thank you for asking this question. You are lucky that your pension plan offers leveling as not all plans do. Leveling pension plans can be an excellent option for those who are retiring early and looking to supplement income during the beginning years of retirement. Whether or not it is a prudent financial decision depends on your personal ... (Read More)
Asked by someone from NY on 4/26/2018
Michelle Dash
Michelle Dash, Financial Advisor says
This scenario is possible depending on the provisions in your trust and the lender's requirements. You should contact a financial advisor, an elder law attorney or estate planning attorney to help you navigate the process. (Read More)

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