Q: Will my military retirement affect my Social Security benefits?
Answer: No. You can get both Social Security benefits and military retirement. Generally, there is no offset of Social Security benefits because of your military retirement. You will get full benefits based on your earnings. The only way your Social Security benefit may be reduced is if you also receive a government pension based on a job in which you did not pay Social Security taxes. You can find more information in the publication Military Service and Social Security at www.socialsecurity.gov/pubs. Or call us at 1-800-772-1213 (TTY 1-800-325-0778).
Q: I’m retired and the only income I have is a monthly withdrawal from an Individual Retirement Account, or IRA. Are the IRA withdrawals considered “earnings?” Could they reduce my monthly Social Security benefits?
Answer: No. We count only the wages you earn from a job or your net profit if you’re self-employed. Non-work income such as pensions, annuities, investment income, interest, capital gains and other government benefits are not counted and will not affect your Social Security benefits. For more information, visit our website at www.socialsecurity.gov or call us toll-free at 1-800-772-1213 (TTY 1-800-325-0778).
Q: If I retire at age 62, will I be eligible for Medicare?
Answer: No. Medicare starts when you reach 65. If you retire at 62, you may be able to continue medical insurance coverage through your employer or purchase it from a private insurance company until you become eligible for Medicare. For more information, see our publication, Medicare, at www.socialsecurity.gov/pubs, or call us at 1-800-772-1213 (TTY 1-800-325-0778).
This column was prepared by the Social Security Administration. For fast answers to specific Social Security questions, contact Social Security toll-free at 800-772-1213. For more information, visit www.socialsecurity.gov.