Alert
Close

Top the Treasure Hunt leaderboard by 5 p.m. Friday to win a $100 gift card! Learn more

Highlights

Open

Contests and
Sweeps

Safe Driving in 2014 Sweepstakes

Learn how AARP Driver Safety can help you stay safe—and enter for a chance to win $1,000. See official rules. 

AARP Games Tournament
Car buying made easy with the AARP Auto Buying Program

AARP-iPad-ePub-app

Free Fun!

AARP Games - Play Now!

Work
PROGRAMS

Best Employers for Workers Over 50

See the latest winners of this AARP recognition program.

Employer Resource Center

Attract and retain top talent in a changing workforce.

Most Popular
ARTICLES

Viewed

Social Security Mailbox

Will a Layoff Reduce My Benefits?

Here's how the calculation works

In your case, because you were born in 1951, a $1,000 benefit at full retirement age of 66 would be reduced to $750, a 25 percent haircut. If you have a spouse, a $500 spousal benefit would be reduced to $350, a 30 percent reduction. For more information, see Retirement Benefits by Year of Birth.

And when you get ready to apply for your retirement benefits, you will find a summary of useful information at Your Future Benefits.

If you are approaching retirement, getting a glimpse of your likely Social Security benefit is an important step. A key part of the retirement process is creating a retirement budget. And that task requires you to know how much income you'll receive in retirement.

The Social Security website is a good place to start looking.

You may also like: Make your money last a lifetime. >>

Stan Hinden, a former columnist for the Washington Post, wrote How to Retire Happy: The 12 Most Important Decisions You Must Make Before You Retire. Check out the archive. If you don't find your answer there, send a query. Have a question for the Social Security Mailbox?

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

UPS

Members get 15% off eligible products/services and 5% off shipping at The UPS Store®.

AARP Discounts on Consumer Cellular Phones and Plans

Members save 5% on monthly service and usage charges with Consumer Cellular.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Explore Your Learning Possiblities