What Do I Need To Know About Advance Designation
You should be aware of another type of representation called Advance Designation. This relates to the Strengthening Protections for Social Security Beneficiaries Act of 2018, which was signed into law on April 13, 2018.
Advance Designation allows capable adult and emancipated minor applicants and beneficiaries of Social Security, Supplemental Security Income, and Special Veterans Benefits to choose one or more individuals to serve as their representative payee in the future, if the need arises.
To help protect whats important to you, we now offer the option to choose a representative payee in advance. In the event that you can no longer make your own decisions, you and your family will have peace of mind knowing you already chose someone you trust to manage your benefits. If you need a representative payee to assist with the management of your benefits, we will first consider your advance designees, but we must still fully evaluate them and determine their suitability at that time.
You can submit your advance designation request when you apply for benefits or after you are already receiving benefits. You may do so through your personal account, by telephone, or in person.
Apply For A Cpp Retirement Pension
While applying, you may now:
- add a federal voluntary tax deduction
- request to receive your tax slips online, rather than by mail
- request the child-rearing provision
You will not be able to apply online if:
- you are not, at least 1 month past your 59th birthday
- you are receiving a CPP retirement pension
- you have already applied for the CPP retirement pension and Service Canada is assessing your application
- you are or were receiving a CPP disability benefit
- you were receiving a benefit that was paid to a designated third party
- you live outside of Canada
- you only have QPP contributions
- you are a CPP and QPP contributor residing in Quebec
- you have an authorized third party on your account
If any of the above applies to you, you will need to :
The Ins And Outs Of Applying For Social Security Benefits
Pundits spend a good deal of time advising Americans about the best age to claim Social Security at age 62, at full retirement age, at age 70 and the like.
But they hardly ever discuss the nuts and bolts of applying for Social Security benefits. They should.
You see, the seemingly simple act of completing an application for retirement, spouses, disability benefits isnt always as straightforward as you might think. I had a client once who described this as the most complicated and bureaucratic process known to mankind, says Robin Brewton, the chief operations officer for Social Security Solutions.
Heres what experts say you need to know.
Start three months before you want payments. It doesnt take that long to clear a claimno way, says Andy Landis, author of Social Security: The Inside Story. But allows time to iron out any wrinkles that come up, like finding your military discharge form DD Form 214, Discharge Papers and Separation Documents or other documents. Then its clear sailing to your first payment.
Others suggest the same. If you want benefits to start on your 66th birth month go to the Social Security office three months prior to your birth month, says Ted Sarenski, the CEO of Blue Ocean Strategic Capital. Social Security will only give retroactive benefits six months prior so in no case go to them more than six months past your birth month if you intend to begin benefits on your birth month.
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Apply For Cpp Death Benefit
You can apply for a CPP death benefit online by signing into or registering for MSCA.
You will not be able to apply online if:
- you live outside of Canada
- you are a registered trustee, guardian, or other legal representative. These representatives may act on a clients behalf in person, by mail or by phone, but not online
- the deceased contributors province of residence at the time of death is Québec
If you are unable to apply online, you can:
Apply For Retirement Benefits
Starting your Social Security retirement benefits is a major step on your retirement journey. This page will guide you through the process of applying for retirement benefits when youre ready to take that step. Our online application is a convenient way to apply on your own schedule, without an appointment. You can also apply by phone or by appointment at a Social Security office.
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How Is Eligibility Determined
Your eligibility for Social Security is based on the credits that you earn during your working years. As of 2021, for every $1,470 you make, you earn one credit, up to a maximum of four per year. If you were born in 1929 or later, then you need 40 creditsessentially, 10 years of full-time workto receive Social Security benefits at retirement.
When Am I Eligible
Depending on when you were born, you will be eligible for full retirement benefits as early as age 65 or as late as age 67.
- If you were born before 1938, your full retirement age is 65.
- If you were born from 1938 to 1942, the age ranges from 65 and two months to 65 and 10 months.
- If you were born from 1943 to 1954, its 66.
- If you were born from 1955 to 1959, it ranges from 66 and two months to 66 and 10 months.
- If you were born in 1960 or later, its 67.
You canopt to receive Social Security as early as age 62, but if you do, then your monthly benefits will be permanently reduced. For example, if you take benefits at 62 and your full retirement age is 66, then your benefits will be reduced by 25%.
If you postpone taking benefits past your full retirement age, then you will be rewarded with a higher benefit: 8% for each year up to age 70 , when benefits max out and there is no further incentive to delay signing up.
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When Should You Retire
To draw full retirement benefits, the following Social Security Administration age rules apply:
Born in 1937 or earlier – Full retirement can be drawn at age 65Born in 1938 – Full retirement can be drawn at age 65 years and 2 monthsBorn in 1939 — Full retirement can be drawn at age 65 years and 4 monthsBorn in 1940 — Full retirement can be drawn at age 65 years and 6 monthsBorn in 1941 — Full retirement can be drawn at age 65 years and 8 monthsBorn in 1942 — Full retirement can be drawn at age 65 years and 10 monthsBorn in 1943-1954 — Full retirement can be drawn at age 66Born in 1955 – Full retirement can be drawn at age 66 and 2 monthsBorn in 1956 — Full retirement can be drawn at age 66 and 4 monthsBorn in 1957 — Full retirement can be drawn at age 66 and 6 monthsBorn in 1958 — Full retirement can be drawn at age 66 and 8 monthsBorn in 1959 — Full retirement can be drawn at age 66 and 10 monthsBorn in 1960 or later — Full retirement can be drawn at age 67
Remember that while you can begin drawing Social Security retirement benefits at age 62, your benefits will be 25 percent less than what they will be if you wait until your full retirement age as shown above. Also keep in mind that no matter when you start drawing Social Security benefits, you must be 65 to be eligible for Medicare.
For example, people who waited until age 70 to retire in 2017 could get a maximum benefit of $3,538.
Next Steps For Apply For Ssdi Or Ssi Benefits
Evidence required by DDS for case documentation
Once you apply for disability benefits with the SSA, the Disability Determination Services , a division of the Massachusetts Rehabilitation Commission, will review your case. DDS will review medical information and vocational information, if necessary, that includes:
- A history of all work performed in the last 15 years
- A description of the physical demands and skill requirements for each job
- Educational history
When all required medical and vocational information is received, the disability examiner and staff physician and/or psychologist carefully evaluate each claim, using a sequential evaluation process.
The following people or agencies can help supply the information that is needed to process a claim for disability benefits.
- Treating physicians and psychologists
- School records
- Consultative examinations authorized by the DDS
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Request A Replacement Social Security Card
If youre just looking for a replacement Social Security card, theres no need to trek to a Social Security office and wait, and wait, and wait. You can do it online. The replacement card should arrive within two weeks.
The Social Security Administration is still rolling out this service, and you cannot request a replacement Social Security card online if you live in Minnesota, Nevada, New Hampshire, Oklahoma or West Virginia. If you live in one of those states, you can apply with a mail-in application or in person when the offices finally fully reopen. You can find the office closet to you here.
Print Proof Of Social Security Benefits
Before you go off and print your proof of benefits — online, people, you dont have to head to an SSA office — youll first probably want to know what Social Security Benefit Verification Letter is. Kinda self-explanatory, this, but here goes: Also known as a benefits letter or Social Security award letter, this document serves as proof of your retirement benefits. It includes your name, date of birth and the Social Security benefits you are receiving. To print it youve got to access it and to access it you need a My Social Security account. Easy peasy.
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Apply Online For Disability Benefits
Social Security offers an online disability application you can complete at your convenience. Apply from the comfort of your home or any location at a time most convenient for you. You do not need to drive to your local Social Security office or wait for an appointment with a Social Security representative.
You can use the online application to apply for disability benefits if you:
- Are age 18 or older
- Are not currently receiving benefits on your own Social Security record
- Are unable to work because of a medical condition that is expected to last at least 12 months or result in death: and
- Have not been denied disability benefits in the last 60 days. If your application was recently denied for medical reasons, the Internet Appeal is a starting point to request a review of the medical determination we made.
- Print and review the Adult Disability Checklist.
It will help you gather the information you need to complete the application.
We suggest that you have the following information at hand. It will make completing the application much easier.
Information About You
Information About Your Medical Condition
Information About Your Work
We may ask you to provide documents to show that you are eligible, such as:
We accept photocopies of W-2 forms, self-employment tax returns or medical documents, but we must see the original of most other documents, such as your birth certificate.
Mailing Your Documents
After we receive your online application, we will:
Submit A Declaration Of Attendance At School Or University
Students aged 18 to 25 who are renewing their childrens benefit are now able to submit their proof of enrolment by signing into or registering for MSCA.
To submit your request online:
- sign in to your MSCA account
- navigate to the Canada Pension Plan / Old Age Security section and
- select Submit Declaration of attendance at school or university.
Why Visit A Government Office To Get Your Social Security Business Done You Can Do Much Of That Online
If youve ever had the chore of going to your closest Social Security office for, say, a name change or a replacement for your ancient Social Security card. . . well, Im so sorry. The wait was likely interminable and the experience uncomfortable at least it was for me.
In pre-internet days, you had no choice but to physically go to a Social Security office for many tasks. These days, you can manage your own Social Security profile and execute many critical moves yourself online.
Whether youre a pre-retiree on the cusp of claiming your hard-earned Social Security benefits or a young worker decades away from retirement, you should set up a free MySocialSecurity account. Its a good way to protect against Social Security fraud, and its a prerequisite for many of the items on our list here.
Once youve set up your MySocialSecurity account, take charge of your Social Security benefits by reviewing your earnings history, calculating your benefits, ultimately filing for Social Security and Medicare, and much more. Let us show you how.
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How Does The Spousal Benefit Work
The Bipartisan Budget Act of 2015 tightened some of the rules on spousal benefits, eliminating several strategies that couples once used to maximize how much they received. However, spouses can still claim benefits regardless of whether they ever held paid jobs, based on their partners record. To qualify, the spouse with a work record must already be receiving retirement or disability benefits, and the non-working spouse must be at least age 62.
As with other Social Security benefits, spousal benefits are permanently reduced if the nonworking spouse starts to collect before reaching full retirement age. If the non-working spouse waits until full retirement age, then they will receive a spousal benefit of up to 50% of their partners full retirement benefit.
Spouses who are widowed become eligible for 100% of their partners full benefit unless they also had a job and the benefit that theyve earned through their income is higher. Generally, the widowed spouse must be at least 60 years of age to receive benefits from the deceased spouses record, and the amount will be reduced if the surviving spouse elects to receive benefits before their full retirement age.
In addition, should the surviving spouse remarry before age 60, they will forfeit the deceased spouses benefit. In some cases, divorced spouses are also eligible for spousal benefits based on their former partners record.
Estimate Your Social Security Benefits
Hey, youve been paying into Social Security for years. Its only fair to want to know how much youll have coming your way when you apply for the benefits.
With your MySocialSecurity online account, you can quickly access and review your Social Security statement that the SSA otherwise mails once a year. . Whatever your age, its good to keep up with your Social Security benefits projections — for claiming at 62 when you are first eligible to take Social Security , at full retirement age , and at age 70 (the age at which benefits cease to increase.
Common Questions About Social Security
Thomas J. Catalano is a CFP and Registered Investment Adviser with the state of South Carolina. He is a CFP, registered investment advisor, and he owns his own financial advisory firm. Thomas’ experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning.
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Information Needed To Apply
The application process should not take long, but you’ll need to have certain information on hand to make sure it goes smoothly, including the following when applicable:
- Date and place of birth
- Names and birthdays of children who are disabled, unmarried, and/or 18 or younger, or 18 or 19 and attending school full-time
- U.S. military service information if applicable
- Employer or self-employment details for the current year and prior two years
- Bank direct-deposit information
The form will also ask about additional income and whether you have previously applied for SSI, other Social Security benefits, or Medicare.
If you’re married, your spouse may qualify for spousal benefits from Social Security as well. You’ll also need your spouse’s Social Security number, birth date, and other pertinent information when you apply. If your spouse signs up for Social Security benefits, he or she will have to provide the same information about you, too. If you are divorced, you may have to include your ex-spouse’s information.
How Much Will I Get
Your Social Security benefits are based on your lifetime earnings. The formula is a little complicated, but it averages the income from your 35 highest-earning years. If you have already accumulated 40 Social Security credits, then you can use the online Social Security Retirement Estimator to get a rough idea of what you will get.
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What Is A Social Security Card
Your Social Security card is an important piece of identification. You’ll need one to get a job, collect Social Security, or receive other government benefits.
When you apply for a Social Security number , the Social Security Administration will assign you a nine-digit number. This is the same number that is printed on the Social Security card that SSA will issue you. If you change your name, you will need to get a corrected card.