Social Security Credits

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Social Security credits are the units of measurement used by the Social Security Administration to determine whether an individual qualifies for Social Security benefits, such as retirement, disability, or survivor benefits

Eligibility Note: Most Social Security benefits require a minimum of 40 credits (10 years of work) to qualify for retirement benefits.

Social Security Benefits: Eligibility and Life Events

Introduction President Roosevelt's most important achievement was ushering in the Social Security Act of 1935. The purpose was to provide a safety net that would protect and promote the general welfare of its citizens. Social Security began as a social insurance program designed to provide workers 62 years or older with a continuing income after…

Drawing From Retirement Funds: What You Need To Know

Best Time To Start Drawing From Your Retirement Accounts The Progressive Draw Down Q. I am 62 and have spent the last forty-five years saving for retirement. I plan on retiring in about five years. Still, I am told that I must be careful when and how I take out my money from my retirement…

Earnings and Social Security Retirement Benefits: What You Need to Know

You are permitted to collect Social Security retirement benefits while you are employed. Your earnings, in and after the month you reach your full retirement age, will not affect your Social Security benefits. However, the Social Security Administration (SSA) will reduce your benefit amounts if your earnings exceed a certain amount in the months before…

Financial & Estate Planner

Certified Financial & Estate Planner (CFP) Certification, training, and experience The central goal of a CFP is to develop a financial plan based on the client's financial circumstances and objectives. The Certified Financial Planner Board of Standards issues the CFP certification. Certified Financial Planners (CFP) are awarded to financial planners who meet specific professional criteria,…

Qualifying For Medicare: Eligibility & Coverage Options

Do I Qualify for Medicare? Q. I am a fifty-five-year-old man on disability for a traffic accident I was in about eight years ago. The doctors believe that I am not permanently disabled, though I still have problems walking without a cane. I lost my job and later my medical insurance because I could no…

Social Security Credits