Social Security and Retirement Planning

Get assistance from the federal government during retirement or a period of disability.

Health care costs can mount quickly, but these programs can help you shoulder the burden.

Devising a strategy in advance can preserve your financial stability in retirement.

Aging Americans and their loved ones should understand the challenges and choices that they face.

Frequently Asked Questions

  • Who can get Social Security benefits?
    If you have earned sufficient Social Security work credits, you may be eligible for retirement benefits, disability benefits, or benefits for dependents and survivors of eligible workers.
  • How soon can I collect Social Security retirement benefits?
    You can start collecting retirement benefits when you turn 62, although full retirement age is not until 66 or 67, depending on when you were born. Medicare is available at age 65.
  • Can I work while collecting Social Security retirement benefits?
    Yes, although this may reduce your benefits if you have not reached your full retirement age. Social Security applies an earnings limit to income from work (but not to other income).
  • What is special about an IRA?
    An employee generally can establish an IRA on their own rather than relying on their employer to establish it for them. Some IRAs need to be established by employers, such as SEP IRAs.
  • What are the advantages of a 401(k)?
    A 401(k) allows you to withhold money from your paycheck to contribute to the plan. It reduces your tax obligation while helping you save for retirement. It also imposes fewer costs on employers.
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Popular Topics

  • Veterans Benefits
    People who have served in the U.S. armed forces may have access to distinctive benefits if their level of discharge makes them eligible.
  • Appealing a Denied Social Security Claim
    You can file a request for reconsideration, pursue a hearing before an administrative law judge, and take your case to the Appeals Council and federal court.
  • Calculating Your Social Security Benefits
    Your Social Security Statement will estimate the benefits that you will receive if you claim them at 62, at full retirement age, or at 70.
  • Medicaid Eligibility and Coverage
    You must meet financial eligibility requirements and meet additional criteria, such as age, disability, pregnancy, or having a certain medical condition.
  • Budgeting for Retirement
    Once you subtract expenses that you will no longer need and add any new expenses, your retirement budget should be lower than your current budget.
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