Hello, Full Retirement Age, also known as FRA, is the age at which you will receive the full monthly benefit you have earned from all the years you have contributed into the system. It may also be referred to as normal retirement age. If you choose to claim your Social Security benefits at your FRA, you will…

Hi, This year’s (2020) average monthly benefit is $1,503. Last year’s (2019) monthly benefit was $1,461. Back in 1960, the average benefit was approximately $80 per month! Take care, Martha Do you have a question about Social Security? Ask Martha your own question here.

Hi, My suggestion is to create one today! It is quick, easy, and free to create a My Social Security account. Plus, the information your account provides is valuable and will likely save you time from having to call or visit a Social Security office to find the same information. Whether you are or are…

Hello, To qualify for Social Security benefits, you must first be a U.S. citizen or lawfully living in the United States. Then, you must have earned a total of 40 or more “credits.” These credits are legally known as Quarters of Coverage. A credit is the basic unit to determine whether one is insured under…

Hello, If you were born in 1953 or earlier, then yes you may. This is a couple’s filing strategy known as filing a restricted application and it is in the process of being phased out by the Bipartisan Budget Act of 2015. The name comes from the fact that a person restricts their application to…

Hi there, Yes, you can change your mind, and this is known as withdrawing your application. You can reapply later. If you change your mind about starting your benefits, you can cancel your application for up to 12 months after becoming entitled to retirement benefits. If you are already entitled to Medicare, you may choose to…