Released on = June 5, 2007, 8:28 am

Press Release Author = Lala C. Ballatan

Industry = Law

Press Release Summary = In the reports of the Social Security Administration, Social
Security benefits comprise 42.5 percent of the overall aggregate income being
received by retired U.S. citizens. Because of the significance of this income source
for retired people, it is necessary to analyze the options offered by the benefits
being offered, fully.

Press Release Body = In the reports of the Social Security Administration, Social
Security benefits comprise 42.5 percent of the overall aggregate income being
received by retired U.S. citizens. Because of the significance of this income source
for retired people, it is necessary to analyze the options offered by the benefits
being offered, fully. The recent scheme of Early Retirement program must be given
critical study before availing of the benefits it promises.

Los Angeles, California, May 30, 2007 - In a very recent article entitled \"Social
Security Spousal Benefit Considerations in Early Retirement,\" in this month's copy
of the Journal of Financial Service Professionals, people were confronted about the
following vital query: "What are the implications of early retirement for married
couples who will be receiving the spousal benefit?"

The author of the article, Clarence C. Rose, PhD introduced a detailed landscaping f
the Social Security. He made note of the fact that the Social Security
Administration made not of the fact that most of the Americans or 60% of them choose
to begin receiving their retirement benefits as early as the age of 62 years old.
This is the youngest eligible age for retirement, according to Social Security.

Presently, choosing early retirement at this age would mean a reduction by 25% in
the benefits to be received compared to waiting for the age of 66. Over time, these
reductions can be slated as time passes. By the year 2022, early retirees' benefits
will be reduced to about 30%.

Rose noted that for every two of three Americans, at least half their retirement
income is provided by the Social Security. Then, he enumerated eligibility
requirements to receive spousal benefits. This are said to be accrued to a worker's
spouse especially when the spouse\'s income become lesser than half of the workers'
and if various other conditions are met.

For some couples wherein the spousal benefits of the Social Security spousal benefit
take a large part in their retirement proceeds, the early retirement program's
long-term financial implications may be a negative for them. Rose introduced some
approaches and illustrations in finding these results.

Thus, it is necessary to make an in-depth study of the particular financial
implications of the early retirement program. Know how it will affect a specific
person or couple's retirement income or proceeds before taking advantage of this
supposedly beneficial program.

Los Angeles Social Security Law Attorney - If you have suffered an injury that has
resulted in a disability, you may be able to collect compensation from Social
Security. Our Los Angeles Social Security Law Attorneys are experts on what Social
Security Administration requires for claiming Social Security Disability benefits
and for Supplemental Security Income (SSI) Disability claims. Please log on to
www.socialsecuritylawattorney.com for our more information.


Web Site = http://www.socialsecuritylawattorney.com

Contact Details = contactus@socialsecuritylawattorney.com