Will social security benefits be enough to provide through the average persons retirement?

1 Answer

Answer :

No, social security benefits are expected to run out after 2020.

Related questions

Description : When can I begin collecting Social Security retirement benefits, and can I change my mind if I start collecting too early?

Last Answer : You can get Social Security retirement benefits as early as age 62, but if you retire before your full retirement age, your benefits will be reduced, based on your age. For example, if you ... you waited until you reach full retirement age. You can still work while collecting your Social Security.

Description : Social Security Retirement Benefits Application Process?

Last Answer : Social Security Retirement Benefits are available for those that qualify. Typically, retirees are eligible at age 65. Some beneficiaries will not be eligible until age 67. It depends on their birth date. ... on the wages earned during the person's career. The maximum amount of SS Benefits is ap

Description : How much can I depend on my social security retirement being funded in 2020?

Last Answer : If you have a 2020 eligibilty for social security date you should not be greatly concerned that your participation will be effected. There has been no discussion on even the fringes of both ... 2040 come around, there is little disagreement that, without changes, social security will go insolvent.

Description : Is it true that those who retire 20 years from now will not be eligible for social security payments to help supplement their retirement?

Last Answer : I think you are asking if Social Security will be avaialble when someone retires twenty years from now. The answer is yes. The literature that came with the last Social Security update states Social ... be in danger until at least twenty thirty seven. And even then it will not completely disappear.

Description : How old do you have to be to begin Social Security retirement?

Last Answer : In order to being to receive Social Security payments after retirement, you must be at least sixty-five years of age. To receive full Social Security benefits it depends on when you were born. If you ... SSA.gov has a website with all the relevant years. http://www.ssa.gov/retire2/agereduction.htm

Description : What is the retirement age in the USA when you can receive social security?

Last Answer : If you are 62, then you can begin to receive your benefits from social security but it will be at a reduced rate. At 65, you will be able to receive full benefits.

Description : What is the point of saving for retirement if you might live long enough to enjoy retirement?

Last Answer : You know how expensive a funeral is? How expensive it is to get someone who has passed away affairs in order? At the least, you should have enough saved for that Also, you might die at 54 before you ... 't want to be greeting at walmart until you're 100 and eating cat food in your car to survive.

Description : Name the body which was established to provide safety and security of SCs' and STs' social, economic, cultural and educational concerns after an amendment in the Indian constitution? (1) Law ... Commission for SC and ST (3) Special officer for Linguistic Minorities (4) Central Vigilance Commission

Last Answer : (2) National Commission for SC and ST Explanation: The 65th constitutional amendment was enacted on 12 March 1990 for the formation of National Commission for Scheduled Castes and Scheduled Tribes ( ... amendment of the constitution in 2003 bifurcated the NCSCST into two bodies for SCs and STs.

Description : Establishing financial security has been identified as a developmental task of which of the following groups? a) Middle adult The middle adult's tasks also include launching children, and ... . d) Teenager The teenager's primary developmental tasks include developing an identity and intimacy.

Last Answer : a) Middle adult The middle adult’s tasks also include launching children, and refocusing on one’s marital relationship.

Description : What does retirement housing provide?

Last Answer : Retirement housing varies depending on the services you want or need. Some are considered independent living, where residents are essentially living in their own liitle apartments and are completely self ... unable to care for themselves. There are homes in-between that provide intermediate care.

Description : I retired at 100% SS benefits. My wife is presently 62 and 2 months. Can she begin to collect half of my social security check now?

Last Answer : No if you are alive she can only collect her SS. At 62 she can collect about ¾’s of her benefits.

Description : More earnings = lower Social Security benefits?

Last Answer : No, SS Benefits are based on your average monthly income over 35 years, and how much you have paid into the SS fund. The monthly benefit is higher if you start collecting later, because the ... are the same age as you. Go to Social Security Administration where there are lots of benefit calculators.

Description : Do Spousal Social security benefits stop after divorce?

Last Answer : Hi @joejoe13 and welcome to ask-public. How old are both of you?

Description : Social Security Survivors Benefits: If I die, I understand my wife can receive 100% of my benefits. The question is: Does she continue to receive her own Social Security benefits?

Last Answer : answer:I'm pretty sure she would claim whichever benefit is the highest. Not sure if you can collect double benefits. If you both remained alive then she would collect her own and you would collect ... been married over 10 years, otherwise she would only be eligible to collect on her own benefit.

Description : Social security benefits break-even calculator, chart or graph?

Last Answer : I'm not sure what your question is exactly but there is a finite amount of money in your social security bank and that amount is based on what you paid into social securityduring your working years. ... security at an older age, your monthly checks will be more, but for a shorter period of time.

Description : I became disabled while I was a stay-at-home mom. Could I collect Social Security benefits?

Last Answer : I’d say persue if you have absolutely no other choice but to persue.

Description : Is there any situation that can reduce your Social Security benefit amount while receivng benefits

Last Answer : Need Answer

Description : What determines social security disability benefits?

Last Answer : Feel Free to Answer

Description : Does a spouse have to pay back Social Security benefits received for a spouse who was incarcerated?

Last Answer : Yes, a spouse would have to pay back Social Security benefitsreceived for a spouse who was incarcerated.

Description : Will my Social Security benefits increase or decrease if I move from South Carolina to Florida?

Last Answer : Need answer

Description : Does a spouse have to pay back Social Security benefits received for a spouse who was incarcerated?

Last Answer : Yes, a spouse would have to pay back Social Security benefitsreceived for a spouse who was incarcerated.

Description : can i apply social security benefits since i'm 61 years old?

Last Answer : am 60 year can i draw ss and keep working?? i am 61 year old

Description : How old do I have to be before I can retire and take social security benefits?

Last Answer : The earliest possible age for social security is 62 in terms of retirement. Information about social security can be found online, at sites like http://www.ssa.gov/pubs/10035.html and involve a ... certain number of credits required for benefits, and the site given should help you learn about them.

Description : What social security benefits are available to the minor children of a deceased parent?

Last Answer : Children of a deceased parent can earn survivors insurance. The amount is dependent on the average lifetime earnings.

Description : How old do I have to be to apply for Social Security benefits?

Last Answer : You can apply for Social Security benefits as early as 62 years of age. This is if you are applying for retirement benefits. Remember, earlier retirement will equal less money. For Social Security ... You must be at least 61 years and nine months old to apply for social security benefits.

Description : Is there a website that can tell me what my social security benefits are?

Last Answer : The social security office can help you find that information out. You would have to call them to find out and they can mail you out a social security statement showing you what your benefits are.

Description : What are the benefits of having a social security number?

Last Answer : You can file for things that require a social security number and it will help you get governmental benefits. The benefits of having a social security number is that it allows you to do things ... underground. It also allows you to receive any benefits you will be entilted to when you retire.

Description : Will having life insurance affect survivorship benefits from Social Security?

Last Answer : No life insurance will have no effect on social security. The only way it would count is if it pays over time and then might be seen as income.

Description : Where can I find information about social security benefits?

Last Answer : Contact you local Social Security office.

Description : At what age can you start to receive social security benefits?

Last Answer : Anyone born in 1960 or later must wait until they reach 67 to recieve full benefits. Those born earlier should check with the SSA to find out exactly when they are eligible.

Description : How old do you have to be to apply for social security benefits?

Last Answer : You have to be at least 60 years old.

Description : At what age do I begin collecting social security benefits?

Last Answer : At the present the age to receive social security is 62.

Description : How do I contact the Social Security Benefits Administration?

Last Answer : This page: http://www.socialsecurity.gov/pgm/reach.htm describes several ways to contact the Social Security Administration.

Description : When will social security benefits no longer exist?

Last Answer : Not to long in the past, financial analyists believed that the social security fund would last until the year 2037. Unfortunatly, due to recent changes in government spending on health care reform, this money is expected to run out by 2017.

Description : can I collect social security benefits while collecting unemployment benefits in connecticut?

Last Answer : No you cannot collect social security benefits while collecting unemployment benefits.

Description : Can I draw Social Security benefits on my husband's account after a divorce with marriage of 28 years?

Last Answer : Yes, under certain requirements.If you are divorced, but your marriage lasted 10 years or longer, you can receive benefits on your ex-spouse's record (even if they have remarried) if: ... or disability benefits.See link for more information.https://www.ssa.gov/planners/retire/divspouse.html

Description : What are social security survivor benefits?

Last Answer : Social security Survivor benefits aren't just for retirement like many think. If you pay into these benefits and pass away, your family may be eligible to claim a portion.

Description : Could you inform me about social security death benefits?

Last Answer : When an individual dies, social security should be notified as soon as possible and the funeral director will report the persons death and they will require that persons social security number.

Description : Can I change Social Security death benefits online?

Last Answer : No an individual can not change their Social Security death benefits on any websites on the world wide web. But they can be changed at business centers and by reapplying for death benefits.

Description : Where can I find online information about social security survivor benefits?

Last Answer : The best place to look would be on the official social security website. There, the information is legitimate and mostly up to date. Third party sites may have misleading information.

Description : Where can I find more information on social security survivor benefits online?

Last Answer : The Social Security Department of your home state should be your first port of call, unless you are a federal employee or are for any other reason, such as prior military service, covered by a federal scheme.

Description : Where can I find tips on social security survivor benefits?

Last Answer : A tax lawyer specially trained in social security Survivor benefits would be the best place to go or your local legal aid office will help you prepare the proper forms.

Description : A Widow's Social Security Benefits?

Last Answer : Social Security benefits are not just for those who are retired and no longer work. The Social Security Administration's federal benefits program also provides financial assistance to widows of workers who ... is designed to at least provide a minimum safety net for all eligible widows and widowers.

Description : At what age can I collect Social Security benefits?

Last Answer : You can collect social security anywhere between the age of 62 and full retirement. This could possibly change depending on what age you are now.

Description : How is a child eligible for social security benefits?

Last Answer : A minor child may receive benefits if a parent has passed away. They may also receive benefits if they have a disability.

Description : The best way to get social security benefits is to hire a social security attorney. ?

Last Answer : The best way to get social security benefits is to hire a social security attorney.

Description : What are some taxable social security benefits?

Last Answer : Some taxable social security benefits are that you will get more money when you file you taxes. Also, if you are married you both would be able to make a high amount of money.

Description : Where can I find out more information about social security taxable benefits since I receive social security?

Last Answer : There are so many helpful sites out there, but one I found is http://taxes.about.com/od/income/qt/Social_Security.htm. I would just go there and read up on it.

Description : Where can I find a website to read about how social security benefits are taxable or not?

Last Answer : A great website to help you find information and advice for social security benefits is www.irs.gov. This website has lots of information that will help you with your taxes.

Description : Are social security benefits taxable?

Last Answer : Social security benefits are generally considered as taxable income according to the Internal Revenue Service. You will need to declare the income on your 1040 forms.