Get answers to your retirement savings questions

  • No need to register with Social Security at age 65
  • Full Retirement Age depends on birth year
  • Waiting until age 70 increases Social Security benefits
  • Pensions not covered by Social Security may be subject to Windfall Elimination Provision
  • Military pension does not affect Social Security benefits

My wife and I are getting ready to retire, but we have some questions about our Social Security benefits. Here are the key points to know: – There is no need to register with Social Security at age 65, but Medicare should be started at that age if you don’t have qualifying health insurance through your jobs. – Full Retirement Age (FRA) depends on your birth year. Waiting until age 70 to claim Social Security benefits will result in higher monthly payments. – Pensions not covered by Social Security may be subject to the Windfall Elimination Provision, which can reduce retirement or disability benefits. – Military retirement pay does not affect Social Security benefits, and you may be eligible for special extra earnings if you were paid for active duty between 1957 and 2001. To ensure accuracy, create an account with the Social Security Administration to review your work history and personal information. Good luck with your retirement planning!

Factuality Level: 8
Factuality Justification: The article provides accurate information about registering with Social Security at age 65 and the Full Retirement Age for Social Security benefits. It also explains the Windfall Elimination Provision and the impact of a military pension on Social Security benefits. The information provided is clear and concise, without any irrelevant or misleading information.
Noise Level: 3
Noise Justification: The article provides clear and concise answers to the reader’s questions about Social Security benefits and pensions. It includes relevant information about Medicare and the Windfall Elimination Provision. The article also encourages readers to create an account with the Social Security Administration for accurate information and retirement planning. Overall, the article stays on topic and provides helpful insights.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not pertain to financial topics and does not describe any extreme events.
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