Business & Finance Personal Finance

Types of Social Security Benefits

    Retirement Benefits

    • Workers who earned sufficient income during their employment history may receive full benefits at retirement, or if they retire early, reduced benefits based on the actual retirement age and average overall earnings.

    Spousal Benefits

    • Starting at age 62, current and former spouses of the opposite gender and legally married to a Social Security beneficiary for at least ten years can receive reduced benefits.

    Survivor's Benefits

    • Widows and widowers of Social Security beneficiaries may be eligible to receive reduced benefits beginning at age 50 if they are disabled or age 60 otherwise.

    Children's Benefits

    • Children of Social Security beneficiaries can receive benefits if they are unmarried and younger than 18, still in high school at age 19 or disabled before turning 22.

    Disability Benefits

    • Disabled workers might receive benefits if their employment was recent and long enough and if the disability is either long-term or eventually fatal.

Related posts "Business & Finance : Personal Finance"

The Average Salary of a Health Unit Coordinator in Milwaukee, Wisconsin

Personal Finance

How to Apply for Toys for Tots

Personal Finance

How to Calculate Operating Incomes Per Employee

Personal Finance

2010 Top 13 Credit Card Savings Tips from Crazy 4 Money Clips

Personal Finance

How to Protect Your Pin Number

Personal Finance

7 Retirement Mistakes

Personal Finance

Can I Deposit a Check Into My Bank Account if it is Made Out to My Wife?

Personal Finance

How to Be Rich

Personal Finance

How to Make Your Own Financial Plan

Personal Finance

Leave a Comment