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A Foundation for Planning Your Future
Your Age When You Retire Affects Your Benefits
If You’re A Worker and Retire:
At age 62, you get less money permanently
At your full retirement age, you get your full benefit
You get even more money if you wait past your full retirement age
Full Retirement Age If you were born between 1943 and 1954
Your full retirement age is 66
If You Work AND Receive Benefits …
8
IF YOU ARE YOU CANMAKE UP TO
IF YOU MAKE MORE, SOME
BENEFITS WILL BE WITHHELD
UNDER FULL RETIREMENT AGE
$15,120/YR($1,260/MO)
$1 FOR EVERY $2
THE YEAR FULL RETIREMENT AGE IS
REACHED
$40,080/YR ($3,340/MO)
$1 FOR EVERY $3
MONTH OF FULL RETIREMENT AGE
AND BEYOND
NO LIMIT NO LIMIT
earnings limit calculator…go online
In Addition to the Retiree,Who Else Can Get Benefits?
Your Spouse
Your Child
At age 62
At any age if caring for child under 16 or disabled
Divorced spouses may qualify
Not married under 18(under 19 if still in high school)
Not married and disabled before age 22
Who Can Get Survivors Benefits?
Reduced benefits at age 60
If disabled as early as age 50
At any age if caring for child under 16 or disabled
Divorced widows/widowers may qualify
Not married under age 18 (under 19 if still in high school)
Not married and disabled before age 22
If Your Child Is:
Widow or Widower:
Medicare Coverage and Premiums
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PART DESCRIPTION PREMIUM
A HOSPITAL INSURANCE FREE for most workers
B MEDICAL INSURANCE 2013: $104.90* base premium; Covers 80% doctor bills & other outpatient medical expenses
C ADVANTAGE PLANS or a 20% supplemental plan
Varies depending on coverage needs
D PRESCRIPTION DRUG COVERAGE
Varies depending on state and coverage needs
Senior Linkage Line 1-800-333-2433* May be more for higher income individuals – only affects 4% of total Medicare beneficiaries
Your Online Account ... Your Control ... www.socialsecurity.gov/myaccount
my Social Security
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