Early Retirement

yaahhuu · 03-12-2008, 09:54 AM

Hello,

I have worked in the USA for 8 years and have 32 credits. Soon, I will turn 60 and would like to consider early retirement. Currently living in Canada and worked there for 8 years. Would my Canadian work be counted towards required 40 credits to apply for retirement in USA? Where can I find more information about this?

Thanks

OAG · 03-12-2008, 10:16 AM

No. Need to come south and get 8 more qualifying quarters, Social Security Online should contain the answer to your questions, authoritatively. I stand corrected - see the next message - you may be able to qualify in the US using your Canadian work record or Canada using some of your US work record.

jambo101 · 03-12-2008, 01:10 PM

Canadian eligibility requirements Canada Pension Plan (CPP): Eligibility

REWahoo · 03-12-2008, 03:29 PM

Yaahhuu, you may be eligible at least for partial benefits from US SS according to the following:

If you do not have enough work credits under the U.S. system to qualify for regular benefits, you may be able to qualify for a partial benefit from the United States based on both U.S. and Canadian (CPP/ QPP) credits. However, to be eligible to have your Canadian credits counted, you must have earned at least six credits (generally one and one-half years of work) under the U.S. system

The US has SS agreements with 21 other countries including Canada. The above quote is from this link to the SS.gov website: Description of the U.S.-Canadian Social Security Agreement. Hope it helps answer your question.

03-12-2008, 09:54 AM	#1
yaahhuu Confused about dryer sheets Join Date: Mar 2008 Posts: 1	Early Retirement Hello, I have worked in the USA for 8 years and have 32 credits. Soon, I will turn 60 and would like to consider early retirement. Currently living in Canada and worked there for 8 years. Would my Canadian work be counted towards required 40 credits to apply for retirement in USA? Where can I find more information about this? Thanks Last edited by yaahhuu; 03-12-2008 at 10:22 AM.

03-12-2008, 10:16 AM	#2
OAG Thinks s/he gets paid by the post Join Date: Jun 2006 Location: Dublin, Ohio Posts: 1,383	No. Need to come south and get 8 more qualifying quarters, Social Security Online should contain the answer to your questions, authoritatively. I stand corrected - see the next message - you may be able to qualify in the US using your Canadian work record or Canada using some of your US work record. __________________ Proud Vietnam Veteran: Cu Chi 66, 1/25th, HHC 25th and Pleiku 66-67 41st Sig Bn 1st STRATCOM Last edited by OAG; 03-12-2008 at 02:56 PM. Reason: Change opinion based on review of link in next message.

03-12-2008, 01:10 PM	#3
jambo101 Recycles dryer sheets Join Date: Oct 2007 Location: Montreal Posts: 443	Canadian eligibility requirements Canada Pension Plan (CPP): Eligibility __________________ "Second star to the right and straight on till morning"

03-12-2008, 03:29 PM	#4
REWahoo Moderator Emeritus Join Date: Jun 2002 Location: Texas Hill Country Posts: 10,350	Yaahhuu, you may be eligible at least for partial benefits from US SS according to the following: If you do not have enough work credits under the U.S. system to qualify for regular benefits, you may be able to qualify for a partial benefit from the United States based on both U.S. and Canadian (CPP/ QPP) credits. However, to be eligible to have your Canadian credits counted, you must have earned at least six credits (generally one and one-half years of work) under the U.S. system The US has SS agreements with 21 other countries including Canada. The above quote is from this link to the SS.gov website: Description of the U.S.-Canadian Social Security Agreement. Hope it helps answer your question. __________________ Some claim to have a crystal ball when it comes to investing in stocks and real estate. Me, I've got a disco ball... Retired in 2005 at age 58 - better FIREd late than never.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
What is early retirement for you?	CATAMAN	Hi, I am...	18	04-02-2007 05:15 PM
Retirement Accounts and Early Retirement	heebygeeby	Young Dreamers	9	03-14-2007 03:56 PM
Getting Serious about Early Retirement	bookman51	Hi, I am...	28	05-22-2006 05:17 PM
GM - Early Retirement	Danny	Other topics	0	03-22-2006 07:12 AM
Early Retirement in the early 21th century?	Danny	FIRE and Money	12	12-12-2005 10:00 PM