Dec
21
We’ve outlined the steps to calculate social security benefits you’ll get in your retirement before. Part of the formula takes into account your work history. But what if you can’t work? Can you still receive benefits if you’re disabled? The quick answer is yes – but there’s a long list of criteria for qualifying. Here […]
Dec
5
You may know how to calculate social security benefits for yourself when you retire. But did you know that when you retire, your spouse also receives benefits? As a retired worker eligible for social security, benefits for your spouse will be 50% of your benefits, if he or she retires at full retirement age.
Aug
12
You may think it’s unfortunate enough that social security taxes are already taken out of your paycheck each pay period. The theory behind the social security retirement benefits program is simple. You pay taxes during your working years, become covered under its umbrella of benefits after a certain amount of time, and finally receive benefits during […]
Jul
8
The Social Security Administration offers six categories of benefits: retirement benefits, disability benefits, family benefits, survivors’ benefits, medicare, and supplemental security income benefits. Here’s a brief overview of each benefit and its qualifications. Retirement Benefits This is the one that most people are aware of. Full benefits are available at full retirement age – while […]
Mar
13
Understanding the steps to calculate social security benefits may not be the easiest thing in the world to do, but here’s my attempt to demystify the process. There are two basic steps to determining your monthly benefits. The first step is computing your average indexed monthly earnings, or AIME. The second step, which incorporates the […]
