Retirement Benefits

Is It True That They Look At Your Past 5 Years To Determine Your Benefit Rate?

My spouse died before I turned 60. He was receiving social security benefits. I remarried before I started collecting widow benefits. Now at age 65 I am receiving disability as at a discounted rate, because my husband receives disability ss and I am receiving a payment from worker compensation. just received a letter from ss saying they were taking me off of disability and putting on retirement ss. Is it true that they look at your past 5 years to determine your monthly benefit. Can I still receive my deceased husband's benefits? I am still disabled and cannot work.

Can I Do Anything To Receive My First Payment In November?

I turn 62 this year; October 13, 2019. I have applied for early benefits and have been approved.
Before I applied I called SS and was told that if approved for benefits they would begin in November.
I received my approval letter and it stated that benefits would begin in December (about December 18).
Can I do anything to receive my first benefit payment in November?

Thank you,

Hi Gregg,

Would I Increase My Social Security Benefit By Working Until December Of Next Year?

I plan to retire next year. I will be 70 next August. I'm employed and collecting social security now.
My social security benefit has been going up each year because i'm replacing the top earning years now against my lower income years..
The question is: Would I increase my social security benefit by working until December of next year or is the benefits calculated on my income up to my birthday in August.


What Earnings Years Can Be Used In Calculating My Benefit Rate?

When figuring out the highest 35 years for the AIME, using indexing, some of my years before I turned 22 are higher than the years now as I approach my 35 years. In researching if the income can be included, some information on SSA shows that only the years after you turn 22 are calculated in the AIME but most articles on the Internet do not specify 22 and it looks like all income earned in any year of your life can be used.

Would It Be Smarter Financially To Not Work At All?

Hi Larry, my question is along the lines of an earlier one with a slight twist. I retired early (age 48) from a well-paying job (around 100K/year for the last five years of work), so didn't have 35 total years in the workforce. I'm now 52 and took a part-time, minimum wage job as a AVID Tutor not because I need the money, but because I want to give back for my education. Will this low-paying job reduce my Social Security Benefit when I take the retirement benefit (planned at age 67)? Would it be smarter financially to not work at all? Thanks!


Will My Age 70 Retirement Benefit Be Reduced If I Only Work Part-Time?

I am 59 and plan to stop working at age 60 to collect survivor benefits (my husband passed away in Jan 2017). I think I will work very part time for a few years (keeping it under the earnings limit of $17k to avoid reducing my SS benefit). I plan to switch to my retirement benefit at age 70 when it is at its maximum. My question -- will my retirement benefit at age 70 be reduced if I work part time for a few years? Will it change my monthly benefit amount? I've been working since about age 15 so certainly way more than 35 years.

How Will My Full And Maximum Benefit Rates Be Affected If I Don't Go Back To Work?

Hello Larry.
1. I will be 64 in October (DOB 10/8/1955) 2. My Full R age is 66y, 2m.
3. I stopped working in October 2018. (I'm ok as I draw from a family real estate LLC that pays me & income taxes)
4. My SSA statement says 2841 Full or 3766 maximum benefit.
If I do not take another payroll based job, how will my Full and Max benefits be affected?
Thank you so much.

Hi SK,