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

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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

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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

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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

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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

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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

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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

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