Lori Stewart, RICP®

CONNECT

Address:

Montgomery, Texas 77356

Phone:

281-796-1818

Fax/Other:

936-449-1301

Social Security

What if you look at Social Security Retirement paychecks as an insurance policy (i.e. there when you need it) or an investment (i.e. risks equal higher returns) ?

Full Retirement Age (FRA) is when you can take a S.S. paycheck without a pay cut. Retiring early not only reduces your S.S. paycheck but significantly limits and restrict your potential for additional income earnings.

*Someone retiring at 62 with FRA of 67 takes a reduction of 30% for the retiree and 67.5% for the spousal benefit.

  • Born in 1943-1954, FRA is 66. 
  • Born in 1955, FRA is 66 and 2 months.
  • Born in 1956, FRA is 66 and 4 months.
  • Born in 1957, FRA is 66 and 6 months.
  • Born in 1958, FRA is 66 and 8 months.
  • Born in 1959, FRA is 66 and 10 months.
  • Born in 1960 and later FRA is 67.

Resource page:

The United States Social Security Administration <http://www.ssa.gov/>           

The government hyperlinks are for educational & informational purposes only. Careful Benefits and our affiliates do not work for nor represent the federal government or any attorneys in any way whatsoever.

Insurance companies have a contract with Medicare. I am a licensed sales agent by the State of Texas only, not an attorney nor tax professional.