Tag: Retirement benefits

What Happens to Your SSDI When You Retire?
June 12, 2024 Off

What Happens to Your SSDI When You Retire?

By The Admiral Staff

Receiving Social Security Disability Insurance (SSDI) doesn’t mean you’ll lose your benefits when you reach retirement age; instead, your SSDI will automatically convert to retirement benefits at full retirement age (67 for those born in 1960 or later). Typically, your monthly check amount will remain the same since you’re already receiving your full retirement benefit. While taking early retirement benefits (as early as age 62) would reduce your payments, starting disability benefits early

50 Years and Uncertain: Protecting Your Future Without a Marriage Certificate
January 7, 2024 Off

50 Years and Uncertain: Protecting Your Future Without a Marriage Certificate

By The Admiral Staff

A long-term unmarried partner may face challenges receiving a deceased partner’s retirement benefits, particularly Social Security, which typically requires marriage. While workplace retirement plans like 401(k)s can designate a non-spouse beneficiary, IRAs offer more flexibility. Estate planning, including beneficiary designations on retirement accounts, life insurance, and bank accounts, alongside a will and medical power of attorney, becomes crucial to protect assets and ensure the surviving partner’s well-being. The author suggests considering