Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll ...

On paper, drawing down your 401(k) to delay Social Security benefits seems like a clever maneuver. After all, the monthly benefit check grows larger every year that you manage to delay retirement.

If benefits are reduced, it would require $138,000 in additional savings to generate the same income, PensionBee found.

Social Security overpayments draw scrutiny and outrage from Congress "The government’s got to fix this," said Ohio Sen. Sherrod Brown. By David Hilzenrath and Jodie Fleischer, Cox Media Group.

If you choose to draw on your Social Security before you reach your full retirement age (66 or 67 years old, depending on if you were born before or after 1960) and if you earn more than the ...

Social Security Is ‘Use It Or Lose It,’ With One Exception The money you’ve paid into Social Security is your money, but unlike other investments, you can’t pass it on to your heirs.

You can draw Social Security benefits from the age of 62 to 70. The age at which you choose to start receiving benefits, however, might reduce or increase the amount you get.

A: So, if you take your own Social Security at 62 with the reduced payment, and are later widowed, your own early payment reduction will not carry over to the widow’s payment, says Andy Landis ...

Maybe too great for some. The federal government allows retirees to start drawing Social Security as early as age 62, a feature that more than 40 percent of Americans take advantage of as they ...

Hi Matt, To start your benefits effective 1/2021, you can apply any time between 9/1/2020 and 12/31/2021. Social Security pays benefits a month behind, so your payment for 1/2021 could first be ...

If you choose to draw on your Social Security before you reach your full retirement age (66 or 67 years old, depending on if you were born before or after 1960) and if you earn more than the ...