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Treasury Dept. MyRA (my Retirement Account)
A popular theme of many retirement articles is that Americans do not save enough. Not everyone has a way of easily saving for the future. Recently developed by the U.S. Dept. of the Treasury, the myRA...
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Income Of The Aged
For many years the Social Security Administration has surveyed the aged population to determine their economic status. The newest edition of this, called the Income of the Aged Chartbook, has just been...
View ArticleDo You Lose Social Security Coverage If Not Working?
Q: I have worked for years and, according to my Statement, have enough credits to qualify for Social Security benefits. Do I lose this coverage if I stop working? A: Work requirements are part of...
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A Question About Spousal Benefits
Q: I reach age 66 in August. A Social Security representative contacted me about my online retirement application. She said my wife could collect half of my amount when she reaches age 66 later this...
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Is Social Security Retirement Prorated?
Q: If starting retirement at age 62, is Social Security prorated for the days that I am 62? A: Social Security benefits are not prorated. You are either eligible for the complete month or not at all....
View ArticleChanging Your Voluntary Tax Withholding
Q: How do I change the amount of taxes withheld from my Social Security benefit? A: Taxes are not routinely withheld from Social Security benefits but you can request, change or end voluntary Federal...
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Average SSA Retirement Amount & MyRA
Social Security was never intended to provide your complete retirement income. Financial experts say you need 70-80 percent of your pre-retirement income for a comfortable retirement. Since Social...
View ArticleNot All Spousal Benefits To Wife Or Husband Are Based On Age
Q: I plan to start Social Security retirement next January, including benefits for our 17-year-old son who is in high school. Can my wife receive Social Security on my record then because our son will?...
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Estimate For Your Survivors – SSA Statement
Last week I wrote that Social Security survivors benefits were not included in the original 1935 Social Security Act but were considered so important that they were created as part of the 1939...
View ArticleIs Social Security Prorated For Month Of Death?
On July 20, I wrote that Social Security retirement, when started at age 62, was not prorated for the number of days that you were 62 in the month. You are either eligible for the complete month or not...
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