General: February 2008 Archives
Seems that articles have been appearing with increasing frequency, outlining the rules for filing for Social Security Benefits. If you haven't checked them lately, it's worth looking into, even if you aren't ready to retire in the near future.
The basics are that you can file for partial benefits when you reach the age of 62. Depending on when you were born, you can file for full benefits when you are 65, 66, or 67.
Many people wonder whether they should consider filing for partial benefits, or wait to file for full benefits. You need to know which rules apply to you in order to know your options.
We've included links to a story in the Burlington Free Press, and here's a link to the official Social Security benefit calculator.
From the Burlington Free Press
Burlington Free Press.com | Living
From the National Academy of Social Insurance (NASI):
NASI has released a report that includes comparison of the value of Social Security to equivalent private insurance policies, focusing on groups that are at higher risk of having inadequate funds. The report consolidates information from 12 organizations, funded by the Ford Foundation.
The press release has the highlights. If you have ever wondered what it would cost to have your own Social Security insurance, here it is.
National Academy of Social Insurance - Publications
"WASHINGTON, DC - For most Americans, the value of their Social Security is the biggest accumulation of dollars they will take into retirement. In fact, for two-thirds of recipients over the age of 65, Social Security is more than half of their income during retirement, according to a new report released today by the non-partisan National Academy of Social Insurance (NASI)."
"WASHINGTON, DC - For most Americans, the value of their Social Security is the biggest accumulation of dollars they will take into retirement. In fact, for two-thirds of recipients over the age of 65, Social Security is more than half of their income during retirement, according to a new report released today by the non-partisan National Academy of Social Insurance (NASI)."
