Not affiliated with the US Social Security Administration
Excerpted from "Social Security Handbook". See the up-to-date, official Social Security Handbook at ssa.gov.
No. Probation and parole violators are not eligible to receive SSI benefits. You may not receive SSI payments for any month during which you are violating a condition of probation or parole imposed under Federal or State law.
Last Revised: March, 2001
A Heritage Foundation study shows three cases where a low, middle and high income worker would have a much higher monthy retirement benefit by investing in a personal savings account versus a Social Security retirement benefit.
Noted financial adviser Suze Orman says most folks should begin Social Security retirement benefits at age 70.
However, this is poor advice if you're in poor health or if you're a notably lower-earning spouse relative to your husband or wife. Ideally, the spouse with the substantially higher lifetime earnings will let their benefit accrue at 8% per year until age 70.
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