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Before June 25, 2011, a valid SSN could not have an area number in the range 734–749, or above 772, the highest area number the Social Security Administration had allocated. Since June 25, 2011, the SSA has assigned SSNs randomly and allowed the assignment of area numbers 734–749 and 773–899. [ 38 ]
That said, if you want to cut out some of the noise and focus on some of the most important numbers, look no further than the following chart showing Social Security full retirement ages (FRAs).
Birth Year. Full Retirement Age. 1937 or earlier. 65. 1938. 65 and 2 months. 1939. 65 and 4 months. 1940. 65 and 6 months. 1941. 65 and 8 months. 1942. 65 and 10 months
Numident, or "Numerical Identification System," [1] is the Social Security Administration's computer database file of an abstract of the information contained in an application for a United States Social Security number (Form SS-5). It contains the name of the applicant, place and date of birth, and other information.
The first Social Security office opened in Austin, Texas, on October 14, 1936. [11] Social Security taxes were first collected in January 1937, along with the first one-time, lump-sum payments. [9] The first person to receive monthly retirement benefits was Ida May Fuller of Brattleboro, Vermont. Her first check, dated January 31, 1940, was in ...
One simple chart shows how much you can increase or shrink your Social Security checks, simply via timing.
A person who earned a million dollars in wages paid the same $7,886.40 in Social Security tax (resulting in an effective rate of approximately 0.79%), with equivalent employer matching. In the cases of the $130k and $1m earners, each paid the same amount into the social security system, and both will take the same out of the social security system.
One chart tells you all you need to know about Social Security’s troubles.