Takeaway:
Even if it’s hard to believe, Social Security is not a guaranteed benefit. Actually, for most future retirees, it’s a big pain in the neck. That’s why you have to make sure you know every single detail about your credits and what your benefits are in order to be fully prepared for retirement.
Make sure you retire comfortably because, after so many years of work, you deserve to be happy and tranquil. Even if you don’t actually qualify for the system, you will find a way to do so. Talk to your spouse about this and make a decision that is good for both of you.
Keep in mind that there is no correct age to claim your benefits. This depends from one person to another regarding their financial expectations at that very moment.
What about you? Are you ready to get the most out of your retirement?
If you are interested in more articles about retirement, we’ve got your back! Because we have a lot more similar to this one. You should also check out: Got a 401(k) Plan? Here’s How You CAN and CAN’T Take Advantage of It.
You neglect to mention those affected by the GPO and WEP issues that reduce or, in some cases, remove the Social Security benefits that should be paid.
I was hoping this year the House and Senate would vote to eliminate both the GPO and WEP. Unfortunately, those unfair reductions are still applicable. My credits earned were from 21 years of service in the Military. No one that was employed by the Federal, State, County, or City Governments and “earned” their 40 credits should be denied what they are entitled, to.
Don’t forget the people who earned their 40 credits, but also worked under a state retirement plan. I get my state retirement, but no social security. Not even using my husband’s social security amount.
Tamia but just remember you are still getting a plan. you do not get social security yet you do get teacher retirement, I do not. Be happy
My son, who works in CO asa teacher, gets no Social Security as the entire state has opted out for all government employees.Does he have any recourse?
Agree with Tamia. I get a federaal retirement. My husband retired from the Navy after 43 years after which he worked in the private sector for over 20 yrs. I can not get anything from Social Security based on his history.
Losing social security is a risk for all Americans. we reached budget limit. Yellen announced accounting trick to delay default until June. Yesterday she announced not reinvesting in govt retirement bonds. no plan on repayment, so this eliminates another year of social security. Medicare payments being delayed. Tell yellen and congress don’t use my social security to pay your bills. Cut military expenses. Stop developing new weapons that US can use to start more wars.
If my wife don’t have enough credits can she use some of mine to bring her up to the amount
she need?
Interesting story! I had such a great time reading this.
my sister started working for NSA right after she got out of high school in 1964 until she retired in the late1990’s can she apply for social security she is 76 years old