Category Archives: Government Benefits
When I retire, how much will I receive from Social Security?
Question: When I retire, how much will I receive from Social Security? Answer: That depends upon how much you have earned and how long you have worked under the Social Security system. Your retirement benefit will be based on your … Continue reading
What happens if I start collecting Social Security after full retirement age?
Question: What happens if I start collecting Social Security after full retirement age? Answer: You’ll get a bigger check every month. However, how much bigger depends upon what year you reach full retirement age, and how long you postpone collecting … Continue reading
Should I retire now at age 62 and collect Social Security benefits?
Question: Should I retire now at age 62 and collect Social Security benefits, or should I wait? Answer: There’s no right time to begin collecting Social Security benefits, but the age at which you begin receiving benefits will affect how … Continue reading
How can I get an estimate of my Social Security benefits?
Question: How can I get an estimate of my Social Security benefits? Answer: The easiest way to get an estimate of your future Social Security benefits is to use the benefit calculators available on the Social Security Administration’s website, http://www.ssa.gov. … Continue reading
Are my Social Security benefits subject to income tax?
Question: Are my Social Security benefits subject to income tax? Answer: A portion of your benefits may be subject to income tax if your modified adjusted gross income (MAGI), plus one-half your Social Security benefits, exceeds specific limits. Your MAGI … Continue reading
How Earnings Affect Social Security
If you begin to receive Social Security retirement (or survivor’s) benefits before you reach full retirement age, money you earn over a certain limit will reduce the amount of your Social Security benefit. In 2013, your benefit will be reduced … Continue reading
Medicare, Medigap, and Medicaid
Medicare Medigap Medicaid What is it? Federal health insurance program for Social Security recipients. Parts A and B comprise the original Medicare program.Medicare Advantage (also referred to as Part C) plans are also available. They provide managed care and fee-for-service … Continue reading
