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

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

1 Answer

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 Security will not be in danger until at least twenty thirty seven. And even then it will not completely disappear.
by

Related questions

I am 62 years old and own my small corporation. Can I semi-retire and collect social security I would like help filling out the paperwork.?

Description : I am 62 years old and own my small corporation. Can I semi-retire and collect social security I would like help filling out the paperwork.?

Last Answer : yes.earnings over a certain limit,changed each year, will reduce your payments up till your retirement age. your benefits will be recomputed at retirment age

If my wife draws disability is she also eligible to recieve her spousal social security benifits?

Description : If my wife draws disability is she also eligible to recieve her spousal social security benifits?

Last Answer : I suggest you either call the Social Security office or go there in person to inquire. They won’t give it to her if she is not eligible, but if she is, they will advise her as to what forms are necessary to apply.

How do I compute the financial advantages and disadvantages of taking Social Security as soon as I'm eligible?

Description : How do I compute the financial advantages and disadvantages of taking Social Security as soon as I'm eligible?

Last Answer : I receive a statement every year from Social Security 2 months before my birthday. It tells me what my payment will be at age 62 if I stop working then. It tells me what the payment will be at full ... It also tells me what I would make if I became disabled at this time. Is this what you mean?

I get Social Security Income -Am I still eligible to get unemployment insurance?

Description : I get Social Security Income -Am I still eligible to get unemployment insurance?

Last Answer : You may be able to draw unemployment while recieving SSI, but there is a good possibility that drawing unemployment will take your SSI away.

How is a child eligible for social security benefits?

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.

Will Social Security still be there for GenXers when we're ready to retire?

Description : Will Social Security still be there for GenXers when we're ready to retire?

Last Answer : answer:One of the biggest misnomers of the SS debate today is that it is going to run out of money. The estimates that put SS as reaching insolvency in X years . insolvency means reaching the point ... but of course no one model will work forever, it will just need to be reworked again some day.

Do you think wealthy people should collect Social Security when they retire, or should that money go back into the system?

Description : Do you think wealthy people should collect Social Security when they retire, or should that money go back into the system?

Last Answer : I say if they earned it, they can keep it.

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

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.

The comptroller and Auditor General of India - (1) Can be appointed as a member of UPSC after his retirement (2) Can be appointed as the Chairman of State Public Service commission (3) Is not eligible for any further office either under the Central government or the state government after his retirement (4) Can be appointed to any office after his retirement

Description : The comptroller and Auditor General of India - (1) Can be appointed as a member of UPSC after his retirement (2) Can be appointed as the Chairman of State Public Service commission (3) Is ... or the state government after his retirement (4) Can be appointed to any office after his retirement

Last Answer : (3) Is not eligible for any further office either under the Central government or the state government after his retirement Explanation: The Comptroller and Auditor General of India is not ... the central government or state government after his retirement current CAG of India - Rajiv Mehrishi.

Would you retire early/Can retirement be boring?

Description : Would you retire early/Can retirement be boring?

Last Answer : answer:I believe in planning for the future but not at the expense of enjoying your life now. Almost everyone I’ve ever known who made it to retirement either died shortly thereafter, or are sick and miserable.

retirement-when to retire

Description : Hello, I should retire in January. I was born on January 24, 1956 and have three children. How many years do I have to work, does a four-year high school with a high school diploma count in that? So can I apply for a pension now?

Last Answer : You should retire on January 24, 2015, provided you meet all the criteria for awarding a pension. These are determined by the time worked - ie the period of insurance and age. It's not ... everything on the net, for example here: http://www.duchody-duchodci.cz/doba-pojisteni-starobni-duchod.php

If my d.o.b. is 12 14 1956 when is the earliest I can retire at full retirement age?

Description : If my d.o.b. is 12 14 1956 when is the earliest I can retire at full retirement age?

Last Answer : That depends on where you live and what the retirement age is inthat country

When will stop the recovery of GPF concerned the official due to retire on superannuation ? a. One month before retirement b. Two month before retirement c. Three month before retirement

Description : When will stop the recovery of GPF concerned the official due to retire on superannuation ? a. One month before retirement b. Two month before retirement c. Three month before retirement

Last Answer : c. Three month before retirement

Who do I inquire about my Social Security Disability payments being reduced?

Description : Who do I inquire about my Social Security Disability payments being reduced?

Last Answer : Call the Social Security Administration at 1–800-772–1213.

Social Security payments?

Description : Social Security payments?

Last Answer : answer:I don't think you would get half of his benefits. His SS payment would be sent to him each month. What benefits are you hoping to get for your children? I imagine you could apply for ... have. The state benefits vary for each state, so they would be able to give you the best information.

Can i file for over payments for social security or ssi?

Description : Can i file for over payments for social security or ssi?

Last Answer : What is the answer ?

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

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.

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

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.

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

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

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

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

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

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

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.

Social Security Retirement Benefits Application Process?

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

Transfer payments mean - (1) Old age pensions (2) Unemployment compensations (3) Social security payments (4) All the above

Description : Transfer payments mean - (1) Old age pensions (2) Unemployment compensations (3) Social security payments (4) All the above

Last Answer : (4) All the above Explanation: Transfer payment refers to a payment made by a public authority other than one made in exchange for goods or service produced. Transfer payments are ... income. Examples include Old age pensions, unemployment compensations, social security payments and child benefit.

Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Description : Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Last Answer : (4) Employee's contribution to social security Explanation: A transfer payment is a oneway payment of money for which no money, good, or service is received in exchange. Governments ... payments include welfare (financial aid), social security, and government making subsidies for certain businesses

Transfer payments mean (1) Old age pensions (2) Unemployment compensations (3) Social security payments (4) All the above

Description : Transfer payments mean (1) Old age pensions (2) Unemployment compensations (3) Social security payments (4) All the above

Last Answer : All the above

Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Description : Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security 

Last Answer : Employee's contribution to social security 

i have 400,000 in lump sum retirement, how much can i expect in monthly payments. I and my wife are 67?

Description : i have 400,000 in lump sum retirement, how much can i expect in monthly payments. I and my wife are 67?

Last Answer : What you are paid monthly will depend on your agreement on how many years it will be paid out over.

The decision of competent authority that DO(PLI) procuring effective business to the tune of ____ or more shall no be eligible for automatic extension of tenure for the next ___ year. Such extension will be granted by ______subject to good work,conduct & satisfactory record in the year. a) 10 crores, 1 year, Head of the circle, b) 20 crores, 2 year, DG Post c) 25 crores, 1 year, Head of the circle d) 25 cores. 1 years, SSP/SP

Description : The decision of competent authority that DO(PLI) procuring effective business to the tune of ____ or more shall no be eligible for automatic extension of tenure for the next ___ year. Such extension will be granted by ... Post c) 25 crores, 1 year, Head of the circle d) 25 cores. 1 years, SSP/SP

Last Answer : c) 25 crores, 1 year, Head of the circle

Would it be patriotic for some Americans who can afford to retire, do so in order to help those without a job?

Description : Would it be patriotic for some Americans who can afford to retire, do so in order to help those without a job?

Last Answer : I don’t think it really matters.

I have a retirement annuity that I cant touch for 12 more years. how do I get cash from it now?

Description : I have a retirement annuity that I cant touch for 12 more years. how do I get cash from it now?

Last Answer : I think you can sell it to someone else for current value and tranfer it to them.

if disabled and under age 65 when am I eligible for medicare if I need medical coverage now?

Description : if disabled and under age 65 when am I eligible for medicare if I need medical coverage now?

Last Answer : As soon as you turn 65, you become eligible for Medicare. But since you are disabled I think you should get a disability lawyer to get the money you need.

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 refocusing on one’s marital relationship. b) Older adult The older adult’s tasks include adapting to retirement and declining physical stamina. c) Young adult The young adult’s tasks include establishing a lifestyle and independence. d) Teenager The teenager’s primary developmental tasks include developing an identity and intimacy.

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.

If you could afford to retire right now would you?

Description : If you could afford to retire right now would you?

Last Answer : I would without doubt shut it down right now if I could afford to.

If you found yourself financially secure enough to retire right now, would you?

Description : If you found yourself financially secure enough to retire right now, would you?

Last Answer : I did but I kept the store to keep an income. The best of both worlds.

Where will you retire, assuming you have to decide right now?

Description : Where will you retire, assuming you have to decide right now?

Last Answer : answer:Putting aside for the moment that I’m fairly certain I’ll never have the opportunity to retire… I would like to retire in Italy. Either the Amalfi Coast or up in Stresa.

If you had enough money to retire right now, would you?

Description : If you had enough money to retire right now, would you?

Last Answer : Answering this question with a simple yes will come across as though you are only working for money. If you would retire, what would you do with your time? Travel, volunteer? If you wouldn't retire, explain why.

If you had enough money to retire right now, would you?

Description : If you had enough money to retire right now, would you?

Last Answer : Answer yes if you would. But since you need to work, this is the type of work you prefer. Do not say yes if you do not mean it.

If you had enough money to retire right now, would you?

Description : If you had enough money to retire right now, would you?

Last Answer : If you had enough money to retire right now, would you? Answer tips Be honest and answer yes if you would or No if you will not but since you need to work, this is the type of work you ... I would consider another line of work but if it was only 2 or 3 million I would definitely keep working.

My mother has advanced alzheimer's, I have been her caregiver for four years. I have in the past worked full time and used respite care. This is no longer and option. she is not eligible for any government programs or caregivers. Is there any way ?

Description : My mother has advanced alzheimer's, I have been her caregiver for four years. I have in the past worked full time and used respite care. This is no longer and option. she is not eligible for any government programs or caregivers. Is there any way ?

Last Answer : If your mother has exausted here benefits there is no payment source.

Which of the following is not correct? (1) A person seeking election to the Rajya Sabha must have completed the age of 30 years (2) A person seeking election to the Lok Sabha must have completed the age of 25 years (3) A person seeking election to a State Legislative Assembly must have completed the age of 21 years (4) A person eligible to vote for election to a village panchayat must have completed the age of 18 years

Description : Which of the following is not correct? (1) A person seeking election to the Rajya Sabha must have completed the age of 30 years (2) A person seeking election to the Lok Sabha must have ... A person eligible to vote for election to a village panchayat must have completed the age of 18 years

Last Answer : (3) A person seeking election to a State Legislative Assembly must have completed the age of 21 years Explanation: To become a member of a Vidhan Sabha, a person must be a citizen of India ... not be bankrupt. He should also state an affidavit that there are no criminal procedures against him.

To be eligible to be appointed as a Judge of Supreme Court of India, how long a person should have practiced in a High Court? (1) 10 Years (2) 15 Years (3) 12 Years (4) 5 Years

Description : To be eligible to be appointed as a Judge of Supreme Court of India, how long a person should have practiced in a High Court? (1) 10 Years (2) 15 Years (3) 12 Years (4) 5 Years

Last Answer : (1) 10 Years Explanation: Article 124 (3) of the constitution prescribes that for appointment as a judge of the Supreme Court a person must be; a citizen of India, has been a judge of any High ... an advocate in a High Court for 10 years or is in the opinion of the President a distinguished jurist.

Mark the correct option a) The CIC/IC shall hold office for a term 5 years b) CIC shall not be eligible to reappointment. c) No CIC shall hold office as such after he has attained the age of 65 years d) Every IC shall not be eligible to reappointment as IC but shall be eligible to reappoint as CIC the term of office shall not be more than 5 years in aggregate as IC and CIC e) All the above

Description : Mark the correct option a) The CIC/IC shall hold office for a term 5 years b) CIC shall not be eligible to reappointment. c) No CIC shall hold office as such after he has attained the age of 65 ... the term of office shall not be more than 5 years in aggregate as  IC and CIC e) All the above

Last Answer : e) All the above

Mark the correct option a) Every member of district forum shall hold office a term of 5 years or up to age 65 years b) The member of district forum shall eligible for reappointment for another term c) Members of district forum may resign his office in writing addressed to state government d) All the above

Description : Mark the correct option  a) Every member of district forum shall hold office a term of 5 years or up to age  65 years b) The member of district forum shall eligible for reappointment for ... of district forum may resign his office in writing addressed to state  government d) All the above

Last Answer : c) Up to twenty lac

Which statement is incorrect regarding the term of office of the chairman and the members of the Board of Accountancy (BOA)? a. The Chairman and members of the Board shall hold office for a term of three years. b. A person may serve the BOA for not more than twelve years. c. A member of the BOA may continuously serve office for more than nine years. d. No person who has served two (2) successive complete terms shall be eligible for reappointment until the lapse of one (1) year

Description : Which statement is incorrect regarding the term of office of the chairman and the members of the Board of Accountancy (BOA)? a. The Chairman and members of the Board shall hold office for a term ... two (2) successive complete terms shall be eligible for reappointment until the lapse of one (1) year

Last Answer : A member of the BOA may continuously serve office for more than nine years.

I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Description : I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Last Answer : Untrue. I was promised an immediate refinance and it is 2 1/2 yrs. later and I have not been able to refinance. With Conventional loans there is no seasoning. FHA loans do require 6 months. ... There are obviously other issues which have nothing to do with the number of payments that have been made.

someone told me you can retire after you have worked 50 years

Description : someone told me you can retire after you have worked 50 years

Last Answer : Need Answer

After howmany years One-third of the members of the Rajya Sabha retire? -General Knowledge

Description : After howmany years One-third of the members of the Rajya Sabha retire? -General Knowledge

Last Answer : The answer is 'Second year'

After howmany years One-third of the members of the Rajya Sabha retire? -General Knowledge

Description : After howmany years One-third of the members of the Rajya Sabha retire? -General Knowledge

Last Answer : answer:

How many years will I retire?

Description : I saw a calculator for this somewhere, but now I can't find it. Don't know? I have 3 children and I am 45.

Last Answer : one of the calculators is at www.wall.cz

how many years of work for fedex do i need to retire or at what age?

Description : how many years of work for fedex do i need to retire or at what age?

Last Answer : 65 is the retirement age in fedex