Social Security Retirement Age Chart

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thUMHHBPZ0Understanding social security with retirement planning, and how it affects your future years is a major step in which individuals and couples need to invest positive quality time in protecting their rights, benefits and financial needs. Making decisions concerning social security and the full range of retirement options can be frightening. Many individuals attempting to use a social security retirement age chart to guide them thru retirement end up in bewilderment trying to decipher such things as:

  • When to start receiving
  • How much you will be receiving
  • What advantages and disadvantages could occur if you start receiving benefits early or later in retirement
  • How does early/later benefits affect any other income such as pension, investments
  • How to determine life expectancy                                                                                    120px-Social_Security_Cards
  • Working during retirement
  • Will choices affect spouses benefits
  • What about income taxes, estate planning, retirement planning…the list goes on.

A persons full retirement age depends on the year they were born. Looking at a Social security retirement age chart can give you

and your spouse a basic starting point of monthly benefits.

Proper planning is key, take into consideration 5 steps to retiring at a certain age:

1. What you should do before you retire

2. Learn to plan, realize that you have options to determine when, where, how and if you should retire at a certain age

3. Be in control of your finances, even if you have (or don’t have) a financial advisor, accountant, stock broker, whatever, you must over see and understand what you advisors are doing in regards to your money. It’s your money your life.

4. You will need to consistently work on your retirement plans. Unless you have a multi million dollar trust fund source of income, and people to wait on you hand and foot you will need to work on your retirement years.

5. What you should do after you retire Do not allow social security, any other retirement income, or lack of, to determine how when and where you retire, your choices are vast and can become quite overwhelming at times. Learn to maximize your benefits, you worked all those years, now you deserve to have retirement income work for your best interest.

There is an unbelievable amount of information involved dealing with social security, with over 2,700 rules in the operations manual and just the average married couples have hundreds of different options offered to them when applying for benefits. Are you aware that if you do not look beyond the basic claim options being offered (the ones you see in websites and magazines) you’re probably going to leave money on the table?

Most retirees overlook or lose the opportunity to add thousands of dollars to their retirement income. Getting it right the first time is vital to your financial and retirement needs, or you could suffer through endless appeals and waiting games. Take the time and effort to review all of your opportunities.

On the government social security website there is a comment stating that you can complete an application for benefits in 15 minutes. Hopefully you will see the danger in doing this when you realize that taking into consideration you are relying on your own personal needs, requirements and lifestyle, you should allow more time, research and advise to set the stage for your retirement years.

There is hidden money and benefits to be found, do your homework! Understand there is more involved than just looking at a Social security retirement age chart. The absolute best starting point is The Social Security Retirement Guide, written by Former Social Security Administrator Jim Blair, where he gives behind the scenes details on what to expect when dealing with your own social security and retirement decisions.

Take the time to protect yourself and your family, many individuals going into retirement just look at the surface or what is told to them (by employees doing routine work) when it comes to taking benefits. Dig deep, learn to maximize your lifetime benefits, The Social Security Retirement Guide  includes email support for questions, you receive access to all future updated editions, is an excellent source of information and is a must for any age to start planning and achieve quality retirement years.


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15 Comments

  1. admin (Post author)

    wasn’t it the 80th birthday for social security today

    Reply
  2. Jerry

    Wow, that is a lot to think about. Have you been through this yet or are you looking ahead. I am pushing 50, so it has been on my mind. Does this retirement guide you mentioned take into account 401K’s, mutual funds, and other sources of retirement income as well?

    Thanks,

    Jerry

    Reply
  3. Jerry

    Wow, that is a lot to think about. Have you been through this yet or are you looking ahead. I am pushing 50, so it has been on my mind. Does this retirement guide you mentioned take into account 401K’s, mutual funds, and other sources of retirement income as well?

    Thanks,

    Jerry

    Reply
    1. Angela

      This guide is geared towards the issues of social security and importantly how to get through, understand and maximize your social security benefits. Just a few areas of what this guide covers include:

      Complete Breakdown of the Formulas Used to Calculate Your Benefits.

      Situational Income Reviews: Before, At, and After Full Retirement Age.

      Determining which Account to Base Your Benefits On (Self, Spouse, or Other).

      Understand How Your Filing Date Impacts Your Spouse’s Survivor Benefits.

      Detailed Analysis of Options for Singles, Couples, Survivors, and Divorced.

      One of the best things is that you get free lifetime updates and also email support on any questions

      Reply
  4. Cam

    I guess I’m inThe same boat as the majority of people I haven’t been saving now I got to do some catch-up I certainly will be spending time here looking at your stuff thank you

    Reply
    1. admin (Post author)

      Thanks Cam, that is what this site is all about…helping people to be prepared, and giving them an understanding of what needs to be done. Allowing people to decide on options and ideas of what would be best for their situation!

      Reply
  5. Jeremias Cruz

    Wow, I’m so glad that I found this site. Normally this isn’t something that I would look at but I am concerned about my future. I don’t know how these things work but after reading this article I have an idea how to prepare myself when I retire. I’m going to share this to people that I know so the’ll know that there’s options out there for them. Great website!

    Reply
    1. Angela

      Hey Jeremias,

      I see it everyday, the older generation struggling to pay bills and to enjoy retirement and I also see the younger generation not caring. I am doing my best to break the cycle. Thanks for sharing

      Reply
  6. stinson

    i like how you focus on planning as i too believe planning is key to success in any aspect of life or business but then again life is unpredictable and full of surprises but overall very informative and neat post love it. hope to see more posts from you. thank you and have a nice day

    Reply
    1. Angela

      Hey Stinson, you are right life is full of changes, and the majority of people do not like change or the work it would take to properly adjust to changes, so they don’t make any attempt and then put the blame on others, or society. How many readers here, were properly taught of how to manage, balance and prepare for unexpected life changes??

      Reply
  7. NemiraB

    Hello here. Your topic is really important one because more and more americans face a dilemma, when to retire. Mostly of them do not have real savings, some are still paying for their houses. I think that this situation is not pleasant one. You have here great sources to think about financial plans for future. Thank you.

    Reply
    1. Angela

      I was talking with a women a few days ago, here she is 70 years old, afraid she will be losing her job and she was worried that she would have to start job hunting again. She could not afford to retire and from what she told me she had to work full time, (she did not go into details about your finances)

      Reply
  8. NemiraB

    Hello here. Your topic is really important one because more and more americans face a dilemma, when to retire. Mostly of them do not have real savings, some are still paying for their houses. I think that this situation is not pleasant one. You have here great sources to think about financial plans for future. Thank you.

    Reply
  9. Mike

    This is a very timely overview for me. I have just scratched the surface of trying ti understand the rules governing the US Social Security system. It is byzantine to say the least. Among the weird things that you might want to understand, and then consider, is whether to “suspend” you payments after starting them so you can somehow receive more money in the long run. I haven’t digested that yet. And there are plenty more arcane rules involving Social Security. Makes me feel “socially insecure”.

    Reply
    1. Angela

      social security insecurity is a big issue for the majority of people, and unfortunately they do not realize:

      -the financial downfall situation they are in

      – what is their best option

      -how they could be getting more each month

      -how to get help to fix the situation

      Reply

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