Post by account_disabled on Feb 12, 2024 9:16:24 GMT
Co-author Penn State Smeal College of Business is part of the Featured Blogger program, where we feature blog posts from government voices across the country and around the world. To see more featured posts click here. Social Security Timing Strategies for Federal Employees Brandon Christie Year Month Day Retirement Benefit Association Social Security Card When planning for retirement, federal employees rely on their federal pension Social Security and savings accounts such as the Thrift Savings Plan. A common question that is often asked is will I still have Social Security when I retire? The answer is yes but the amount of Social Security you will receive depends on the age you choose to start receiving these benefits.
Here is important information to consider as you approach retirement.Currently there are withdrawal options for married couples filing jointly and there are withdrawal options for singles. You Ghana Email List first become eligible to receive Social Security at age 18 but your benefits will be reduced. The benefits you are eligible to receive at your full retirement age are usually between your Social Security benefits, the amount will increase each year until you reach age 18. The chart below provides Social Security retirement age options. Retirement Benefit Association chart timing strategies are critical to maximizing your potential gains.
In this example called Filing and Holding we will look at Bob's higher earning spouse and Shirley's lower earning spouse. Bob files for benefits at full retirement age and then suspends his benefits. This allows Shirley to begin receiving spousal benefits while also allowing Bob's benefits to continue to grow until age seventy. Retirement Benefit Association Spousal Benefit Example Strategies such as this can be complex and require many rules to be considered to ensure maximum benefits.
Here is important information to consider as you approach retirement.Currently there are withdrawal options for married couples filing jointly and there are withdrawal options for singles. You Ghana Email List first become eligible to receive Social Security at age 18 but your benefits will be reduced. The benefits you are eligible to receive at your full retirement age are usually between your Social Security benefits, the amount will increase each year until you reach age 18. The chart below provides Social Security retirement age options. Retirement Benefit Association chart timing strategies are critical to maximizing your potential gains.
In this example called Filing and Holding we will look at Bob's higher earning spouse and Shirley's lower earning spouse. Bob files for benefits at full retirement age and then suspends his benefits. This allows Shirley to begin receiving spousal benefits while also allowing Bob's benefits to continue to grow until age seventy. Retirement Benefit Association Spousal Benefit Example Strategies such as this can be complex and require many rules to be considered to ensure maximum benefits.