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Social Security Retirement Benefits

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What Are Social Security Retirement Benefits?


Social Security is part of the retirement plan of almost every American worker. If you were born in 1942 or earlier, you are already eligible for your full Social Security benefit. If you were born from 1943 to 1960, the age at which full retirement benefits are payable increases gradually to age 67.


When you work and pay Social Security taxes, you earn “credits” toward Social Security benefits. The number of credits you need to get retirement benefits depends on when you were born. If you were born in 1929 or later, you need 40 credits (10 years of work). Your benefit payment is based on how much you earned during your working career. Higher lifetime earnings result in higher benefits.


Social Security never was intended to be your only source of income when you retire or become disabled or your family’s only income if you die. It is intended to supplement your savings, investments, pensions and insurance plans.


For more information about Social Security Retirement benefits, click here.


Below, are some other helpful links available on the government’s Social Security website:


Retirement Estimator

File Your Retirement Claim Online

Find The Social Security Office Nearest You

 For even more helpful Social Security information, click here.

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