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3. Cash Retirement and Auxiliary Benefits; Special Age 72 Payments

Excerpted from "Social Security Handbook". See the up-to-date, official Social Security Handbook at


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There are 9 Comments

Here is my question. My husband wants to go ahead and retire he just turned 62. He also wants to work he makes only about $30,000 a year and he has not always made that much. His check would be
around $1200 a year. So how would this work in paying taxes. The lady at SS told us they would hold his first 7 checks what I want to know is then what does he get to keep the next 5. Does he have to pay income tax on those checks we just have not been able to get any clear answers. Thanks if anybody can hlep us.

my husband retired mid year.what he had earn at the start of the year was earnbefore he retired .he was told he could not work but for only 19 hrs a week for the rest of the year. he complied with this rules. now he has to pay back 1700.00 back because they say he earn more then what they told do they figure this

my dad is 59 now...and he wants to get retire now because he is having some health problem.also he is married and have a 12 year old child with disabilities..he makes about 25,000 a year and has more than 35 years working.can he get retire now at the age?.

I plan to retire from my career job at age 63. I want to continue to work at a different job that pays less. Will my benefits be reduced if I work for the next 2 years at a reduced salary?

Yes, a lower salary may reduce your retirement benefit a bit (or more if you only have a few years of work).

Retirement benefits are calculated, in part, by looking at your 35 highest years of salary (indexed for inflation).

See here for details : :

My husband is in hospice care right now. I am afraid I will not be able to survive on my benefits. I don't know how to find out my benefits upon his death. I have never worked outside the home.

He get 1045.00 now and I receive 450.00

Here is an excerpt from :

How much will I receive?

The benefit amount is based on the earnings of the person who died. The more the worker paid into Social Security, the greater your benefits will be.

Social Security uses the deceased worker’s basic benefit amount and calculates what percentage survivors are entitled to. The percentage depends on the survivors’ ages and relationship to the worker. Here are the most typical situations:

  • A widow or widower, at full retirement age or older, generally receives 100 percent of the worker’s basic benefit amount;
  • A widow or widower, age 60 or older, but under full retirement age, receives about 71-99 percent of the worker’s basic benefit amount; or
  • A widow or widower, any age, with a child under age 16, receives 75 percent of the worker’s benefit amount.
  • Children receive 75 percent of the worker’s benefit amount.

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