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Showing posts with the label socialsecurity2023

Is it possible to merge 401k and Social Security retirement payments?

Social Security retirement checks refer to the monthly benefit payments that eligible individuals receive from the Social Security Administration upon reaching their eligible retirement age and applying for benefits. These payments are intended to provide financial support to retirees and help them maintain a basic standard of living during their retirement years. Key points about Social Security retirement checks: Eligibility: To be eligible for Social Security retirement benefits, individuals generally need to have accumulated enough work credits through their employment history. Work credits are earned based on the individual's earnings and the number of years they have worked and contributed to the Social Security system. Full Retirement Age (FRA): The full retirement age is the age at which individuals can receive full Social Security retirement benefits. It varies based on the year of birth, ranging from 65 to 67 years. Individuals can choose to start receiving r...

How 401k Withdrawals Impact Social Security Earnings Limit

If you're taking Social Security before your full retirement age, you may want to take money out of your 401k. Is that allowed? In this video we explain how taking money out of retirement accounts impacts the Social Security Earnings limit for 2023. Download FREE Cheat Sheet, CLICK HERE 👉 Starting Medicare soon and don't know where to start? WATCH MEDICARE BASICS: Learn exactly how Medicare works in our free workshop here: 📺 Subscribe to our channel if you want more information on Medicare & Social Security: The Medicare Family has been making Medicare and Social Security easy for 40+ years, across all 50 states. And each year, our family continues to help more and more people with how Medicare works, when to take Social Security, and how to find the best Medicare plans. We know that learning about your retirement benefits can be confusing. And it’s hard to find a trusted source of information. We get it! That’s the reason we do wh...