Close to Retirement? Get Ready to Submit Your Social Security Application Online To cut costs, and in anticipation of the 80 million baby boomers who will be applying for Social Security retirement benefits in the next 20 years, the Social Security Administration is ramping up it’s website and online services. If you haven’t been to […]
We all know that if we work hard and pay our taxes (including Social Security and Medicare), we will be entitled to Social Security retirement benefits eventually. But as we have stressed in previous articles, you need to determine how much you will likely get from your Social Security benefits in order to do effective […]
While millions of Americans rely on Social Security benefits in their retirement years, not everyone qualifies.
Here are some general guidelines regarding Social Security eligibility:
Update: Good news for the millions of Americans who rely on Social Security – they will be getting a raise in 2012, the first time since 2009. The Social Security Administration (SSA) announced that the cost of living allowance (COLA) increase for 2012 will be 3.6%. According to SSA, the average monthly benefit for retirees […]
As you get closer to retirement one of your top questions is probably when and how to apply for Social Security benefits. Should you submit your Social Security application at age 62 or 66? What are the steps to apply for Social Security once you’ve decided to start collecting retirement benefits? We’ll address these questions and more in the following paragraphs.