The 3 Biggest Myths About Social Security
There’s a lot of misinformation about Social Security out there. Is it going broke? Do you take out what you pay in? Is it best to collect when first eligible? Find out the answers in this video.
Does My Income Affect My Medicare Premium?
Your income from the year before last will determine whether you pay standard or higher premiums, but you can apply for lower premiums if certain life-changing events have occurred since then.
Can I Stop and Restart Social Security Benefits?
If you started collecting early and within the last 12 months, you can withdraw from receiving benefits and reapply later. If you’re past full retirement age, you can pause your benefits to receive credits that will increase your payments.
How to Maximize Your Social Security Benefit
Good things come to those who wait. From the time you reach full retirement age, your maximum monthly benefit will increase for each month you hold off on collecting until you reach age 70.
Will My Social Security Payment Increase If I Keep Working?
If you start collecting before full retirement age, your income could lower your monthly benefit if you make above a set limit. That limit goes away at full retirement age, and you could actually raise your benefit amount.
How Is Social Security Funded?
Social Security gets most of its funding from taxes and special government investments, but it also has reserves from years of taking in more money than it paid out.
Can I Collect Both Social Security Retirement and Disability Benefits?
You can only collect only one benefit at a time. If you collect SSDI before you reach full retirement age, you’ll continue to collect the full amount after, it will just be called a “retirement benefit” at that point.
How Do I Open a My Social Security Account?
It’s easy to open an account. Just go to ssa.gov/myaccount and enter your information.
How Does Marriage Affect My Social Security?
You can collect spousal benefits if they’re higher than your individual benefits. You may still be eligible to collect spousal benefits if the marriage ends, depending on several factors.
How Do I Replace My Social Security Card?
You can request a new card online, by mail or in person at a Social Security office. Your new card should arrive by mail within two weeks.
How Do I Get My Social Security Award Letter?
Once your Social Security benefits claim is approved, you’ll receive a letter in the mail. You can order a replacement over the phone or in person.
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