Social Security Matters: I'm 66. When should I claim Social Security? | Columnists hudsonvalley360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hudsonvalley360.com Daily Mail and Mail on Sunday newspapers.
Dear Rusty:
I lived and worked in the United Kingdom prior to coming to the US at age 45, which qualified me for a UK State Pension worth the equivalent of about $740 US dollars per month. Since moving to the US I have contributed to the US Social Security system for 14 years and my estimated US Social Security benefit is $1,643 per month. I have heard about something called âWEPâ and must be honest and say I donât fully understand. Can you provide some advice or references so I can understand what happens to these sums when I retire? I donât have any other pension income, so understanding these numbers is important. FYI, I hold both US and UK passports and will retire in the USA.
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By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. Ask Rusty – Social Security Matters 12-16-20 Should I Claim Social Security At Age 62?
Dear Rusty: I’m looking for information about retiring and starting my Social Security very soon at age 62. I’m not sure if I want to do it because I’m not sure if I can. Can you help me figure this out? Signed: Hesitant
Dear Hesitant: I know it can be daunting trying to figure out whether and when to claim your Social Security benefits. I’ll give you some of the basics:
RUSSELL GLOOR: Ask Rusty - Will my U.K. pension affect my Social Security?
Russell Gloor, Guest columnist
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Dear Rusty: I lived and worked in the United Kingdom prior to coming to the U.S. at age 45, which qualified me for a U.K. State Pension worth the equivalent of about $740 U.S. dollars per month. Since moving to the U.S. I have contributed to the U.S. Social Security system for 14 years and my estimated U.S. Social Security benefit is $1,643 per month.
I have heard about something called “WEP” and must be honest and say I don’t fully understand. Can you provide some advice or references so I can understand what happens to these sums when I retire? I don’t have any other pension income, so understanding these numbers is important. FYI, I hold both U.S. and U.K. passports and will retire in the USA. Signed: Blessed from the U.K.
Will my U.K. pension affect my Social Security? reporter.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reporter.net Daily Mail and Mail on Sunday newspapers.