During National Social Security Month, take control of your future by seeing what you can do online at SocialSecurity.gov.Â From estimating or managing your benefits, to retiring online, Social Securityâs online services put control at your fingertips.The more you learn now, the better prepared you will be in the future.
However, when you actually receive benefits also depends on when you were born.Â YouÂ can receive full benefits at “full retirement age.” Full retirement age is increasing gradually until it reaches age 67 for those who were born 1960 or later.Not sure where to begin? Sign up for your online Social Security account today at ssa.gov/myaccount.[To To 3 Advance Your Do Things Career]
Different peopleÂ become eligible to receive Social Security payments at different times.Â This is why it is important to understand what benefits you are eligible for and when.In 2018, monthly Social Security and Supplemental Security Income (SSI) benefits will increase 2.0%.
April is Social Security Month (follow #SocialSecurityMonth on social media for more).Â While WISER isÂ dedicated to promoting women’s financial security every month of the year, setting a month aside to focus on Social Security is a reminder of the importance of the benefit.Â It is never too early to start understanding Social Security benefits for both you and your loved ones.[Part The As 1 Gig Singapore In Economy Making It Freelancer A In Thriving].As a result, Social Security, which is portable from job to job and is cost-of-living adjusted at retirement, will remain the mainstay of retirement income for most women.
Social Security is especially important for women because they areÂ oftenÂ more dependent on it than men.At what you claim your benefit is also important.Â If you claim at age 62 when you are first eligible, you will receive a reduced benefit.Â If you wait until after your full retirement age, you can receive an increased benefit up to age 70.[Attend You Wedding Know To Much Spent Youve A Do]
Because Social Security is so important for retirement, there are many organizations and resources in addition to WISER that are dedicatedÂ toÂ helping you understand and make the most out of it.As a worker,Â you must work and pay Social Security taxes for at least 10 years (40 quarters), and be at least 62 years old.Â As a spouse or divorced spouse, you must be at least 62 years old.