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10 Cards in this Set
- Front
- Back
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Social Security supplements how much of one's income?
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40-60%
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How much does one credit equal?
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$1120
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How many credits are needed to qualify?
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40 credits or 10 years of work
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Who is eligible?
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1) Retired worker
2) Retired worker's spouse (can earn 50% of worker) 3) Retired worker's widow/widower 4) Divorcees of at least 10 years marriage 5) Children 18-19 years of age if they are full-time students 6) Disabled children |
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Reduction if one retires early?
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20%
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Earliest retirement age?
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62%
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Retirement age if born between 1943-54
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66
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Retirement if born before 1938?
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65
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Retirement if born after 1960?
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67
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Est. amount to retire?
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70-80% of pre-retirement income
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