LoveToKnow Seniors:AllComments

From LoveToKnow Seniors

Comments

Goodness, Ellen, those are definitely questions for the Social Security Administration office. However, I wouldn't think that your disability check would be terminated without due cause, and it's possible it may still take the place of retirement benefits. But, again, contact the SSA for advise. Let us know what you find out!

-- Contributed by: TK2

I currently receive SS disability, but I am allowed to work a specific number of hours or earnings. I am 65 born 1943. My ticket to work has been terminated. Does this mean I can't work anymore as supplement to my SSI? Does this mean I stay on SSI,continue to work when possible, but just don't have access to job rehabilitation services? I am concerned that my social security disability check is being terminated. Will I automatically go on retirement status at age 66? Ellen

-- Contributed by: Enter your name here

It's possible, Roberta, but you will not earn your full potential benefits at that age. It would be advisable to talk with a Social Security expert or your CPA about the ramifications of waiting to draw Social Security at age 65, or tapping into yours at age 62-1/2 and accessing your husband's benefits at a later age.

-- Contributed by: TK2

Will I be eligible to receive my deceased husband's social security benefits as well as my own if I retire at age 62 1/2?

-- Contributed by: Roberta Meadows

With the unemployment rate so high it seems to me that if the retirement age was lowered the jobs us seniors hold could be offered to the young people therefore lowering the unemployement rate to a very low number, it dosen't take a rocket scientist to figure out this one...

-- Contributed by: A. Scheimann

G.Dandas, I would suspect it would be a prorated value, but I'd suggest calling the Social Security Administration for better advice. Please post the answer back here when you find out! Thank you!

-- Contributed by: TK2

Question regarding the "Early Retirement Benefits From Social Security" (If 66 is Full Retirement Age)table. If one was to retire at age 65 1/2, would penalty still be 6 2/3%, or prorated to a smaller value?

-- Contributed by: G. Dandas

Lewis, I do believe your eagle eye caught something important! Thank you so much!

-- Contributed by: TK2

Under the section " Receiving Retirements Benefits While You Work" there is a table to left that shows your benefit reduction if you retire early (if 66 is your full retirement age). I believe there is an error. The retirement ages listed are 62 - 66. At age 66 it shows a 6 2/3% reduction in benefits. Shouldn't this be age 65 instead of 66 since this table reflects your reduction of benefits if 66 is your full retirement age. There should not be any reduction if you reach age 66. The table shows retirement ages of 62, 63, 64 and then it skips to 66. I believe the table should reflect 62, 63, 64, and 65 instead of 66.

-- Contributed by: Lewis Brinson
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