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how many hr. should I work a day, how nuch salary should I make a year? what mean 4 points for a year keep works 10 years to get 40 points, than you can retire?

2007-08-17 10:51:28 · 1 answers · asked by ding-chen@sbcglobal.net 1 in Business & Finance Taxes United States

1 answers

You have to have earnings in a minimum of 40 quarters to be eligible to collect benefits. Unless you are widowed, you also have to be at least 62 - so you can't just retire and start collecting as soon as you accumulate 40 quarters. A quarter is 1/4 of a year: Jan-March, April-June, July-Sept, Oct-Dec.

There isn't a minumum number of hours to work, or salary, for each of the quarters. But your eventual benefits will be affected by how much you paid into the system.

2007-08-17 11:26:11 · answer #1 · answered by Judy 7 · 1 0

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