Page 26 THE EVERETT ADVOCATE – FRIDAY, SEPTEMBER 3, 2021 “YOUR FINANCIAL FOCUS” JOSEPH D. CATALDO SOCIAL SECURITY BENEFITS retirement age which is age 66 if you were born in 1943-1954, age 66 and a certain number of months (based upon your year of birth between 1955 and 1959) or age 67 for those born in 1960, or at age 70. In 1983, Congress reduced R etirees have to decide when to collect their social security benefits. Widows or widowers can collect his or her benefits under their deceased spouse’s work history at age 60. Otherwise, you can collect benefits at age 62, at full GOVERNOR | FROM PAGE 12 been vaccinated. “We’re almost 20 points ahead of the national average,” he said, adding that his administration is working to set up clinics in 100 other school districts. Baker said the primary purpose of the mask mandate is to protect children under the age of 12 who cannot be vacSocial Security Benefits by raising the retirement age and gradually increasing the monthly benefit available to you if you wait until age 70 to begin collecting. For individuals born after 1960, the Social Security Administration increases monthly benefits approximately by 7% per year between the ages of 62 and cinated yet. Therefore, it is his hope that federal officials will act with “more urgency” to vaccinate children under 12. Despite the high vaccination rates, Rev. Myrlande DesRosiers, director of the Everett Haitian Community Center, said this has not been the case among the city’s African-American population, which only has a vaccination rate of 40 percent. 70 if you wait to collect at age 70. Therefore, by waiting until age 70 to collect, your actual monthly benefit will have been increased by approximately 76%. Furthermore, those highter monthly benefits are also indexed to inflation. As an example, if someone were able to collect $1,125 per month at age 62, waiting until age 70 would result in a monthly benefit of $1,980, for a $855/month increase. One option is to withdraw from an existing retirement account such as a Roth IRA, Traditional IRA, 403 (b) or 401(k) plan for the years from age 62 to age “We are always looking for opportunities to improve,” said Baker. “There’s no question that we have work to do in the hardest hit communities.” Having spoken with a number of children and parents, Baker described what it is like for students to return to the classroom in person this year. “They didn’t realize how much they missed in-person Dollar Mermaid,” “Dangerous When Wet” and “Bathing Beauty”? 9. On Sept. 5, 1882, the first U.S. Labor Day parade was held in what city? 10. In what Boston neigh1. On Sept. 3, 1783, what war ended? 2. The Museum of Broken Relationships, which is in Croatia, has an outpost in what locale known as Tinseltown? 3. What is reportedly the most popular pizza topping? 4. What trains have experienced a sales jump during the pandemic? 5. September 4 is World Beard Day; in 1860 what candidate was advised to “let your whiskers grow” so he could get more votes for U.S. president? 6. What are the “Three Rs” of education? 7. What kind of event is La Tomatina Buñol in Spain? 8. Who starred in “Million borhood is there a 10 foot wide, 1800s house? 11. What sports player has been nicknamed King James? 12. On Sept. 6, 1628, the Puritans first settled Salem after sailing from England in what month: June, July or August? 13. What book has the subtitle “or There and Back Again”? 14. On Sept. 7, 1921, the “Inner-City Beauty” pageant (A newspaperman 70. Then, you can begin collecting your social security at age 70. If you were to die with a surviving spouse, your surviving spouse would be able to collect your monthly benefit with cost of living increases each year based upon the higher age 70 benefit. Your spouse would have to be married to you for at least 10 years. This would also help your minor children who would be able to collect based upon the higher age 70 monthly benefit that you were receiving prior to your death. Another option is to continue working part time until age 70 in order to generate enough cash flow to meet your monthschooling until they didn’t have it,” he said. Tahiliani shared similar sentiments as the district’s Back to School Bash was also held on August 30, one day prior to the first day of school. “It was so nice to hear the noise, to hear the bustle,” she said. “We’re just so happy to have our kids back.” Mayor Carlo DeMaria said the governor and his adcalled the winner Miss America, which the pageant was later called) was held in what beach city? 15. Which month is Be Kind to Writers and Editors Month, which was established by Lone Star Publishing? 16. Which state is the Cornhusker State? 17. On Sept. 8, 1945, the division of what country began? 18. Where in the world would you find a delta? 19. What are the three Olympic triathlon sports? 20. On Sept. 9, 1843, Nancy Johnson received a patent for what invention with a dasher? ly living expenses. Of course, if these options are not feasible, you can certainly begin collecting at full retirement age, or even age 62 if your situation warrants it. If you have not done so already, go onto the Social Security Administration website at www.ssa.gov and establish a user id and password. You will have the ability to double check that all of your earnings have been posted to your account and you will be able to see what your monthly benefit would be based upon the year you wish to begin collecting. Also keep in mind that up to 85% of your social security benefit can be taxable depending upon your other taxable income. ministration have stood by Everett since the pandemic first surfaced in March 2020. DeMaria said the city was also included in Baker’s COVID-19 Vaccine Equity Initiative, which prioritized the needs of the 20 communities hardest hit by the pandemic. “When we needed additional vaccines, funding or support, they were there for us,” said DeMaria. ANSWERS 1. The American Revolution 2. Hollywood 3. Pepperoni 4. Model trains 5. Abraham Lincoln 6. Reading, Writing and Arithmetic 7. A tomato throwing festival 8. Competitive swimmer/actress Esther Williams 9. NYC 10. The North End (44 Hull St.) 11. LeBron James 12. June 13. “The Hobbit” 14. Atlantic City 15. September 16. Nebraska 17. Korea 18. At the mouth of a river 19. Cycling, running and swimming 20. An ice cream churn (It helped shorten a labor-intensive process, making ice cream more affordable.)
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