We’ve outlined the steps to calculate social security benefits you’ll get in your retirement before. Part of the formula takes into account your work history. But what if you can’t work? Can you still receive benefits if you’re disabled? The quick answer is yes – but there’s a long list of criteria for qualifying. Here…
Category Archives: Social Security
Social Security Benefits for your Spouse
You may know how to calculate social security benefits for yourself when you retire. But did you know that when you retire, your spouse also receives benefits? As a retired worker eligible for social security, benefits for your spouse will be 50% of your benefits, if he or she retires at full retirement age.
Understanding Medicare Part A – Coverage, Costs, Eligibility, And More
Since we spend all of our work lives paying Social Security taxes, it’s important to understand what services those taxes actually provide. That way, when the time comes in which we’ll need those services, we’ll know exactly what to expect. One of the six categories of social security benefits is Medicare. Within Medicare, there are…
How To Determine If Your Social Security Benefits Are Taxable
You may think it’s unfortunate enough that social security taxes are already taken out of your paycheck each pay period. The theory behind the social security retirement benefits program is simple. You pay taxes during your working years, become covered under its umbrella of benefits after a certain amount of time, and finally receive benefits during…
Social Security Benefits – The Six Categories Of Benefits
The Social Security Administration offers six categories of benefits: retirement benefits, disability benefits, family benefits, survivors’ benefits, medicare, and supplemental security income benefits. Here’s a brief overview of each benefit and its qualifications.
