Retirement Planning

Illustration of a calculator, coins, and a retirement plan

Understanding Partial Monthly Benefits and Excess Earnings in Social Security, § 404.439

Leave a Comment / Deductions, Reductions / April 26, 2023

In the world of Social Security, understanding the intricacies of benefits, deductions, and excess earnings can be confusing. This blog post aims to provide a simplified explanation of partial monthly benefits and how excess earnings affect both an individual’s benefits and the benefits of those entitled on their earnings record. Partial Monthly Benefits: Partial monthly …

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A hand holding a Social Security card with the text "Understanding Excess Earnings and the Social Security Earnings Test" written on it.

Understanding Excess Earnings and the Social Security Earnings Test, § 404.434

Leave a Comment / Uncategorized / April 26, 2023

A Comprehensive Guide on How Excess Earnings Affect Your Social Security Benefits When it comes to Social Security benefits, understanding the concept of excess earnings is essential. This blog post will break down the complexities of excess earnings and the Social Security earnings test to help you make informed decisions about your benefits. Section 1: …

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Full Retirement Age table based on birth date

Understanding Full Retirement Age and Its Impact on Your Benefits, § 404.409

Leave a Comment / Reductions / April 26, 2023

Full retirement age is a crucial factor when planning your retirement and understanding your social security benefits. It is the age at which you become eligible to receive unreduced old-age, wife’s, husband’s, widow’s, or widower’s benefits. Previously set at 65, the full retirement age is gradually being increased to 67 for people born after January …

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Graph illustrating the GPO impact on Social Security spouse's benefits

Understanding the Government Pension Offset (GPO) and its Impact on Social Security Spouse’s Benefits, § 404.408a

Leave a Comment / Uncategorized / April 25, 2023

If you receive a government pension based on non-covered employment, your Social Security spouse’s benefits may be reduced. This reduction, known as the Government Pension Offset (GPO), can be a complex topic. In this blog post, we will break down the essentials of the GPO, its exceptions, and its impact on your Social Security benefits. …

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Understanding Delayed Retirement Credits and Their Impact on Old-Age Benefits, § 404.313

Leave a Comment / Old-Age Benefits / April 5, 2023

Delayed Retirement Credits (DRCs) are an important aspect of retirement planning, as they can increase your old-age benefit amount. In this blog post, we will discuss how DRCs work, how to earn them, and how they affect both your benefits and those of your family members. What are Delayed Retirement Credits and how do I …

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Calculating Your Old-Age Social Security Benefit Amount: Key Factors to Consider, § 404.312

Leave a Comment / Social Security Benefit Amounts / April 5, 2023

When planning for retirement, understanding how your old-age Social Security benefit amount is calculated is crucial. In this blog post, we’ll break down the rules outlined in § 404.312 for determining your monthly benefit amount based on when you choose to begin receiving benefits. How Your Old-Age Benefit Amount is Calculated: Starting Benefits at Full …

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When Old-Age Social Security Benefits Begin and End: Key Points to Remember, § 404.311

Leave a Comment / Social Security Benefit Entitlements / April 5, 2023

Understanding when your entitlement to old-age Social Security benefits begins and ends is crucial for effectively planning your retirement. This blog post will outline the rules specified in § 404.311, providing you with the knowledge you need to make informed decisions regarding your benefits and retirement timeline. When Old-Age Benefit Entitlement Begins: Attained Full Retirement …

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