Social Security Unveils a New Online Calculator

Payback Benefits at age 70 to get better benefit

I've heard that a recipient may repay the total amount of benefits received after five years from Social Security, and thus start to receive a higher benefit rate based on the estimated rate for age 70.

Is this information correct, and if so, how can one look up the estimated benefit amount they would receive in this case at age 70?

Thanks,

PCM

Peter McDonald of CA @ Nov 07, 2008 16:50:53 PM

RETIREMENT ESTIMATOE

IS THIS A FREE SERVICE ?

STEVEN H. FRENCH of IN @ Aug 30, 2008 08:20:12 AM

drawing Social Security

will be 62 in 2012 and have 16 years and 4 mont hs with nc state hospital how much socila security can I draw last 4 yrs will make 30,000 a year

kenneth eubert Cooper of NC @ Aug 21, 2008 08:08:20 AM

401 sheltered income

I retired at 62 and started receiving my Social Security. I needed to return to the work place because of medical bills from my husband serious illness. I was told that if I contribute

to my employer's 401 that would reduce me earnings so I would not earn more than the 12,960.00. I just received a letter from

Social Security stating I now owe 10,265.00. My question is

can contributing to 401 really reduce my earning regarding

Social Security. Help!

Suzanne Holbrook of CA @ Jul 23, 2008 12:02:18 PM

A Lot of Money

After working more than 30 years at low-wage jobs, $1300/month from Social Security in my old age defintely seems like a ton of money. Hey, after all, it's a lot more than I actually earned smoking pot and dropping acid at Woodstock in 1969!

David Tifft of WA @ Jul 22, 2008 21:27:50 PM

Retirement or Disability

Anita - Your disability benefit would be higher than your retirement benefit (because the DI benefit isn't subject to early retirement reductions). But you have to qualify for DI, which isn't an easy or quick process. You should call SSA or visit a local field office for help.

Andrew Biggs of VA @ Jul 22, 2008 14:01:02 PM