New calculator shows how delaying Social Security boosts benefits
Posted on 24 July 2008
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/new-calculator-shows-how-delaying-social-security-boosts-benefits
A majority of Americans file for Social Security benefits as soon as they become eligible at age 62. In many cases, you’ll receive higher lifetime benefits by waiting at least until the Normal Retirement Age (NRA) of 66 or higher. Now, the Social Security Administration has launched a new online Retirement Estimator that allows you to project your future benefits assuming different retirement ages. The tool is free and easy to use–you just plug in a few personal facts and your Social Security number; the site digs through your actual lifetime earning history and calculates your monthly benefit assuming different retirement ages. It’s a useful decision-making tool and takes less than five minutes to use.
August 2nd, 2008 at 2:12 pm
I retired at 62 and my retirement is very small after working all my life. Now I received my Medicare Card through the mail and went to the Social Security Office. They say as of Sept 1 2008 I will be eligible for Medicare, but they couldn’t help me with the Plan D paperwork because they are not allowed to. Could you please give me some advise on who could help me with the Plan D of My Medicare so that I could select a plan that would help me with my Prescription Plan. Gratefully yours Mary Shelkey. You can send me an answer to my e-mail address which is tomshelkey@yahoo.com
August 2nd, 2008 at 2:14 pm
I already typed you a comment