Social Security is a part of everyone's life and is a major source of income for most people of retirement age.
- Nearly nine out of ten individuals age 65 and older receive Social Security benefits.
- Social Security benefits represent about 33% of the income of the elderly.
- Among elderly Social Security beneficiaries, 48% of married couples and 69% of unmarried persons receive 50% or more of their income from Social Security.
- Among elderly Social Security beneficiaries, 21% of married couples and about 44% of unmarried persons rely on Social Security for 90% or more of their income.
- With the expected wave of "Baby Boomers" reaching retirement age, and employers providing financial planning information to workers nearing retirement age, Social Security information and speakers are a welcome resource.
Maybe you have these questions:
- Have I earned enough quarters of coverage to receive benefits?
- At what age should I file? Is it too early to think about Social Security?
- Can I work and receive Social Security benefits?
- I am divorced. Can I file on a previous spouse’s earnings?
- What is the quickest way to receive my benefit?
- Do I have to file for Medicare?
- What if I paid into a different retirement system? Am I still eligible to receive a benefit?