
The full-age retirement chart
A comfortable, secure, and safe retirement is probably the dream of every working individual in the country. Today, with the generation living healthier, longer lives than ever before, it is safe to assume that we will live longer than our grandparents and parents and, consequently, have longer retirement periods as well. Achieving one’s dream of a comfortable, secure retirement becomes easier and simpler when one plans his/her finances.
Full retirement age
There is an important term called as the full retirement age’ in the US. It is the age at which an individual becomes entitled to receive unreduced or full retirement benefits from the employer and government. There are certain rules when it comes to full retirement age (FRA):
If someone has been born after 1937, i.e. if that individual’sFRA is more than 65, that person will still be able to receive his/her entire benefits at age 62. However, the stipulation is that the benefits reduction is more for individuals born after 1938.
For instance, if someone’s FRA is 67.
If one begins his/her retirement benefits at the age of 62 years, then their monthly benefit reduces by as much as 30%. For other ages, the reduction for starting benefits at that particular age is:
6.7% when begun at age 66
13.3% when begun at age 65
20%when begun at age 64, and
25% when begun at age 63
Also, if one begins receiving the benefits of their spouses at the age of 62 years, then the reduction in monthly benefit is a whopping 67.5% of your amount that the spouse would have gotten had their benefits begun at FRA. For the spouses, the reduction percentages for beginning benefits is:
50% when begun at age 67 (maximum benefit)
54.2% when begun at age 66
58.3% when begun at age 65
62.5% when begun at age 64, and
65% when begun at age 63
Full age retirement chart
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The earliest one can begin receiving benefits is at the age of 62 only.
Also, if one was born on the 1st of January, then the year to be considered is the previous year. If one were born on the 1st of any month, then then the previous month age is considered.
Also, if one delays retirement benefits and wait until after the FRA, then one may even be entitled for credits for delayed retirement. These will increase benefits per month. Also, one should sign up for Medicare at 65 years of age.
Tags: Retirement planningfull age retirement chart
Full Social Security Benefits Receipt Ages
Year of Birth
Full Retirement Age
1960 and after
67 years
1959
66 years, 10 months
1958
66 years, 8 months
1957
66 years, 6 months
1956
66 years, 4 months
1955
66 years, 2 months
1943–1954
66 years
1942
65 years, 10 months
1941
65 years, 8 months
1940
65 years, 6 months
1939
65 years, 4 months
1938
65 years, 2 months
1937 or before
65 years
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4 credit card processing services tailormade for small businesses
Read moreCredit card processing appears to be an easy process, wherein a card is swiped on the machine and an immediate deduction reflects on the buyer’s account. However, there are several more parties involved in this transaction apart from the consumer, the seller, and the bank. There are also credit card processing services that enable the transaction to take place. The payment of funds is a wireless transaction that is conducted between a consumer, the merchant (seller) who processes the transaction, and a catalyst (processing services) that brings about the transaction.
The transaction occurs when card details flow through the vendor’s processing company and through the credit card networks which connect to the cardholder’s bank. The payment is then processed depending upon the bank’s approval or denial.
Top credit card processing services
Below are our recommendations for the best credit card processing services that are transparent, have fair pricing, and provide excellent solutions.PayPal
PayPal does not charge any extra or surprise fees such as installation, compliance, and monthly maintenance. The charges made to you wholly depend on the number of transactions that take place through PayPal.While PayPal charges less for transactions that process through the platform, various added features are locked and can only be utilized when the specified fees to acquire the feature is paid.
Helcim
Helcim has charted out the exact cost and pricing of their services on their website. Training guidelines are also available for newcomers. They also accept all credit cards that are extensively used. Helcim also provides excellent customer service.Helcim is not recommended for small-time vendors who have small transactions and low revenue.
Square
Square follows a flat-fee system, which is ideal for small vendors thanks to its affordability. The pricing structure is very transparent and available on their website.The gateway may be affordable as it follows a standardized pricing system for all its customers. However, it may be expensive for big businesses. There have been complaints of accounts being shut down or frozen over dubious fraudulent activities.
CreditcardProccessing
There are no cancellation fees levied by this credit card processing company.Unlike the above-mentioned credit card processing companies, CreditcardProccessing is not as clear with respect to its pricing structure. This is because prices vary depending on the equipment used for processing the payment.
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Emphysema symptoms: What you ought to know
Read moreEmphysema is caused by continuous exposure of the bronchioles to irritants such as cigarette smoke, passive smoke, industrial solvent fumes etc. This makes the muscles of the bronchioles contract. Chronic exposure to irritants make these muscles contract permanently. Then, the mucus membrane lining the bronchioles start secreting mucus in order to wash away particulate irritants. Both these body reactions are to restrict the entry of the irritants into the cavities of the bronchioles and alveoli.
The next reaction is to cough out the irritants and the mucus. Severe forceful coughs can raise the pressure in the alveoli considerably and can rupture their exceedingly thin walls. The reduction of area for gas transfer and the loss of elastic tissues in the lungs reduces the capacity of the lungs to expel air. This reduces the intake volume of fresh air during breathing and can also lead to infections. These conditions produce the characteristic symptoms of wheezing, tightness in chest, labored breathing and coughing. These are also indications as well as symptoms of severe asthma.
The symptoms of emphysema are exceedingly severe and cause considerable damage to the lungs before the symptoms even show up. Generally, one feels a lack of energy and the tendency to skip some of the common daily routines. It progresses from slight difficulty in breathing to wheezing and then to a persistent cough that does not go away. One starts to feel a tightness in the chest and feels short of breath on exertion. Tiredness and persistent cough become constant.
Infections can set in, turning the sputum yellow, which also leads to loss of appetite, further aggravating tiredness. One will lose sleep and even sexual function. All this constant suffering and ill health lead to depression which would in turn lead to the patient needing psychiatric help. The lips and fingernails turn blue or gray due to lack of oxygen in the blood. One may get into a condition called hypoxia and may have to resort to oxygen therapy.
As the deterioration continues, the alveoli lose their strength and start rupturing. In extreme cases, there may be large scale destruction which leads to empty spaces in lungs called bullae. This would reduce the functional area of the lung which in extreme cases call for surgical removal. In an extremely rare condition, large scale rupture of alveoli can cause a condition called pneumothorax and the collapse of the lung, a very serious condition, which can be fatal. The best thing one can do is stop exposure to irritants.