Enjoying a comfortable retirement is everyone’s dream. For over 80 years, Social Security has been helping people realize those dreams, assisting people through life’s journey with a variety of benefits. It’s up to you as to when you can start retirement benefits. You could start them a little earlier or wait until your “full retirement age.” There are benefits to either decision, pun intended. Continue reading
On this day in 1940, a 65-year-old legal secretary named Ida May Fuller became the first monthly Social Security beneficiary. A few months earlier, she had stopped by her local Social Security office in Vermont to learn how the program works. She knew she had paid into Social Security but wasn’t sure if she would get anything back out. A clerk at the office helped her apply for retirement benefits. Continue reading
Every worker’s dream is to enjoy a secure retirement. Social Security is here to secure today and tomorrow. Part of that commitment is ensuring you have the most up-to-date information when you make your retirement decisions.
As the bells ring in the New Year, they also bring changes for new Social Security retirement beneficiaries. Full retirement age is 66 and two months for people born 01/02/1955 through 01/01/1956. They are eligible to receive permanently reduced retirement benefits when they turn 62 in 2017. Continue reading
It’s 2017, and that means you might be one more year closer to retirement. Whether you’re at your very first job or wrapping up a successful career, there are always new things to learn about when it comes to saving for the future. So why not make retirement planning part of your New Year’s resolution!
Putting money in a high yield savings account (if you can find one) is always smart, but you can do even more. The U.S. Department of the Treasury now offers a retirement savings option called myRA. There’s no minimum to open the account, you can contribute what you can afford, and you can withdraw funds with ease. To learn more about myRA, visit www.myra.gov/.
Hopefully, your employer chips in a little. An employer-sponsored retirement plan or 401(k) can be a useful way to set aside funds for retirement, especially if your employer offers matching funds on what you invest. If you don’t work for an employer that offers this type of plan, there are many other plans designed to help you save for retirement.
From solo 401(k)s to traditional and Roth IRAs, there are programs designed to fit a multitude of budgets. The earlier you start to save, the more funds you’ll have ready for retirement.
And, as always, there is Social Security, which is funded by taxes you pay while you work. To get estimates of future benefits and check your earnings record for accuracy, you can create a my Social Security account at www.socialsecurity.gov/myaccount.
Along with giving up bad habits, this New Year start a good habit that can make a lasting, positive change.
Some of you may have celebrated the holiday by beginning to think about exiting the labor force — and beginning your retirement years. Individuals born in 1950, especially, may be thinking about it because they reach their full retirement age of 66 this year. Who are they, these folks born in the year Elvis Presley had his first job — as an usher at a movie theater? Continue reading
Centuries later, there are new horizons to explore and you can do it from the comfort of your home or office. With Social Security, you can discover a new world of information and services at www.socialsecurity.gov. Continue reading
You packed your bathing suit and beach towels. The sunscreen is handy and ready to apply. Your hat is firmly on your head while you sport those stylish shades. The time is finally here, and you’re going on vacation.
Hooray! Continue reading
2015 was a special year for Social Security – we launched our very first blog, “Social Security Matters.” This blog has helped us cover the issues and concerns that are most important to our beneficiaries and their families. Thank you for reading our blog and joining the conversation about Social Security. We look forward to having more conversations with you in the upcoming year.
While we were partial to storytelling about the 80th Anniversary of the Social Security Act, we invite you to check out our top ten Social Security Blog Posts for 2015:
The Medicare open enrollment period ran from October 15 through December 7. This was the time to make changes to your current Medicare coverage for 2016. To get a jump-start on open enrollment season, we offered five helpful tips to make sure you were prepared to Continue reading
You feel a special kind of excitement when your team is playing in the World Series and you watch your star hitter step to the plate at the bottom of the ninth inning, with two outs and the bases loaded.
For 100 million viewers, it’s the end of an era. After 53 years on air, Sábado Gigante last aired on September 19. With fans in more than 40 countries around the globe, Sábado Gigante was the longest-running variety show in television history. Continue reading