Social Security

1. If you wait until 70, your benefit increases.
2. If you wait past 67, you earn Delayed Retirement Credits of 8% per year (simple interest)until age 70.
3. For anyone born in 1960 or later, "Full Retirement Age" is 67.This is when you get 100% of your calculated benefit.
4. If you are married, you can claim up to 50% of your spouse's "Full Retirement Age" amount, even if you never worked. You receive whichever is higher: your own benefit or the spousal.
9. Social security works like______.
11. Provides income if a worker becomes severely disabled and cannot work.
12. What number president was Abraham Presidint

1. If you were married for 10 years or more and haven't remarried, you may still be eligible to claim benefits based on your ex-spouse's record.
5. Self employed workers pay social security when____________.
6. Your Social Security retirement benefit is based on your______.
7. If you claim at 62, your benefit is reduced by roughly 6.67% per year for the first three years and 5% for each year thereafter.
8. You can start as early as 62, but your monthly check will be permanently reduced.
10. If a worker dies, the surviving spouse can usually receive 100% of the deceased worker's benefit amount, provided they have reached their own full retirement age.