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.
What We Will Ask You
Depending on the information you provide, we may need to ask other questions.
You should also have your checkbook or other papers that show your account number at a bank, credit union or other financial institution so you can sign up for Direct Deposit, and avoid worries about lost or stolen checks and mail delays.
How Do I Apply For A Mygovidaccount
To create your basic MyGovID account, visit MyGovID.ie, enter youremail address, create a password and click Register now. A code will besent to your email address which you will need to enter on screen to completeyour basic account registration.
Once you have activated your MyGovID account, you can log into your basicaccount. You will see a list of online services including MyWelfareservices.
You can also log directly into MyWelfare using your MyGovID.
If you want to upgrade from a basic to a verified MyGovID account, youneed:
- A PPS number
- A Public Services Card
- A verified phone that can receive text messages. If your phone is not verified already, you can verify your phone online or call: 1890 927 999.
Every time you access your verified MyGovID account, you will be asked toenter a verification code sent to your mobile phone. This two-stepauthentication process makes your account very secure.
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Calculate The Best Time To Start Social Security
If you are confused about when to start, you can use the Social Security Explorer part of the NewRetirement Retirement Planner to compare your monthly income and maximum lifetime payout at different ages.
Or, you might consider the following rules of thumb:
- Take Early: The only people who should consider taking their Social Security early are those who absolutely need the money immediately, or those who do not expect to live for very long, due to illness
- Take at Full Retirement Age: Should you have reason to believe that you will not live past the age of 80, then generally speaking you will maximize your social security benefits if you take them when you reach your Full Retirement Age.
- Wait as Long as Possible: On the other hand, if you are confident that you will live past the age of 80 or 85, then most experts recommend that you defer your social security for as long as you can , so as to maximize the benefits you receive from it.
- Other: If you have dependent children, the additional benefits you receive for them might make filing when you are younger worthwhile.
It can also be a very good idea to have an overall retirement plan before you decide when to start your Social Security benefits. The NewRetirement Retirement Planner can help you assess all of your sources of retirement income and whether or not you will have enough to cover your expenses. This tool was recently named a best retirement calculator by the American Association of Individual Investors .
When To Apply For Social Security
As stated above, you are eligible to apply for Social Security retirement benefits when you are 61 and nine months. You can start collecting benefits as soon as you turn 62.
However, just because you can, does not mean that you should.
The longer you delay starting your benefits, the more your monthly income will be. In fact, the difference in lifetime income between starting at age 62 and waiting until your maximum retirement age can be more than $100,000 and for many people much much more.
While you can start benefits at age 62, the Social Security Administration considers that early. Depending on your birth year, you do not reach what the SSA calls full retirement age until sometime between ages 66 and 67.
- For every month prior to your full retirement age that you begin taking benefits, around 0.55% is deducted from your payout.
- And, for every year that you defer your benefits, you will receive a larger amount when you finally do begin drawing Social Security. The amount of the bonus is dependent, once more, on your birth date. For example, someone born in 1944 has a full retirement age of 66. If they start benefits at age 69, they will receive eight percent more benefits for each year they delay.
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Why Do You Need One
A Social Security number is important because you need it to get a job, collect Social Security benefits and get some other government services. You should keep your Social Security card in a safe place with your other important papers and avoid giving it out unnecessarily. Keep in mind that in many cases, even if you lost your card, you may not need a replacement. In most cases, simply knowing your Social Security number is enough. But if you do need a replacement, we make it easy.
How To Apply For Spousal Social Security Benefits
This article was written by Jennifer Mueller, JD. Jennifer Mueller is an in-house legal expert at wikiHow. Jennifer reviews, fact-checks, and evaluates wikiHow’s legal content to ensure thoroughness and accuracy. She received her JD from Indiana University Maurer School of Law in 2006.There are 10 references cited in this article, which can be found at the bottom of the page. This article has been viewed 22,442 times.
If you are married or divorced and nearing retirement age, you may be eligible for spousal Social Security benefits. Spousal benefits allow you to get up to 50 percent of the total benefits your spouse is eligible for without taking away from their benefits. If you’re eligible for your own retirement benefits, you’ll get those first. However, if your spouse was in the workforce longer than you or made more money, spousal benefits could add to the overall benefits you receive. You apply for spousal Social Security benefits the same way you claim your own retirement benefits.XResearch source
Your Personal Mysocial Security Account Is For Your Use Only
Social Security is dedicated to protecting the information and resources entrusted to us, including your personal information and investment. For your protection, youre the only one who can create your personal mySocial Security account for your own exclusive use. No one can create or use an account on your behalf, even with written permission. Dont share the use of your account with anyone else under any circumstances, as unauthorized use of this service is a misrepresentation of your identity to the federal government and could subject you to criminal or civil penalties, or both.
How To Apply For Social Security
The purpose of Social Security is to provide retirement and disability income to workers and their dependants. Social Security provides a guaranteed income to nearly 53 million Americans who have no income due to retirement, disability or death. In order to be eligible for retirement benefits a person must have enough credits, i.e. dollars that were contributed to the fund. The credits come from the Social Security tax you pay on your earnings .
A person who is eligible to receive Social Security benefits must file an application with the Social Security Office. We will now discuss how to file an application.
The quickest way to apply for Social Security benefits is to fill in the application form online. You can apply as soon as you are 61 years and 9 months old, and can start receiving benefits as soon as you are 62 years old. The whole application process takes about 15 minutes if it’s done online, at www.socialsecurity.gov. You can also apply by telephone or you can contact your local Social Security Administration Office and set up a personal appointment.
Here’s the information you’ll need to have on hand when filling in your application form for benefits.
Follow the instructions on the application form and provide all information that is requested.
The Documents Youll Need
To apply for your social security number, youll need the following application forms and identification:
- The TA1 form, which you can download here. In the days of Google Translate this is less of an obstacle than it once was, but make sure you complete your form carefully. The first page explains how to fill out the application, but we would advise seeking assistance if your Spanish is poor.
- Your passport.
- Your NIE number. You cant get a social security number in Spain without an NIE, so make sure you get your NIE first.
- Your digital certificate, if you want to apply online.
How Social Security Approval Works
When you retire, a lot of questions cross your mind. The one question that almost every retiree asks is: how long does it take to get my first social security check? It would be prudent to start by knowing how long does it take to apply for social security online. To your relief, the process will not take a lot of your time. Now that your application is done and submitted, you will be wondering how long does it take to get social security approval.
Typically, it takes 6 weeks to process your application and for the benefits to start. However, it will take longer if you submit incorrect information. Also, the duration for approval will depend on the number of submissions the Social Security Administration will be processing at the time. Overall, the wait time is at least six weeks or longer depending on a number of factors.
You will require your social security number, birth certificate, and supporting financial documents when you apply. Tax return evidence and W-2 forms are also required for self-employed applicants.
For those born out of the USA, you should provide proof of citizenship. A certificate of citizenship or passport will be adequate. Also, marital information and those of your children will be required.
Luckily, all these documents are not required at once when you apply. The SSA will send you notification when they are required.
Determining Your Best Benefit Options
Exemptions for Documentation
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Before You Make Your Decision
There are advantages and disadvantages to taking your benefit before your full retirement age. The advantage is that you collect benefits for a longer period of time. The disadvantage is your benefit will be reduced. Each person’s situation is different. It is important to remember:
- If you delay your benefits until after full retirement age, you will be eligible for delayed retirement credits that would increase your monthly benefit.
- That there are other things to consider when making the decision about when to begin receiving your retirement benefits.
If You Work While Getting Social Security
Yes, you can work full or part-time while also getting Social Security retirement benefits. However, if you have not yet reached your full retirement age, and if your net income from working is higher than the annual earnings limit, your annual benefits will be reduced. Beginning in the month you reach full retirement age, Social Security will stop reducing your benefits no matter how much you earn.
During any full calendar year in which you are under full retirement age, Social Security deducts $1 from your benefit payments for every $2 you earn above the annual net income limit. The income limit changes every year. In 2017, the income limit was $16,920.
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Information About Family Members
- Social Security numbers and proof of age for each family member who may qualify for benefits and
- Proof of marriage, if your spouse is applying for benefits, as well as dates of prior marriages, if applicable.
If you don’t have all the documents you need, don’t delay filing for benefits. We will help you get the information you need.
Cant Find What Youre Looking For
We are constantly expanding our online service offerings to give you freedom and control in how you wish to conduct business with Social Security. Today, you can apply for benefits, check the status of your claim or appeal, request a replacement Social Security card , get an instant benefit verification letter, and much more.
American Rescue Plan Act of 2021
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Supplemental Security Income Application Process And Applicants’ Rights
CHECK IF YOU ARE ELIGIBLE FOR SSI AND HOW TO APPLY
We strongly recommend you check the eligibility requirements for SSI before you start your application or contact us to make an appointment. If you are unsure you may qualify after reading these requirements, call us at 1-800-772-1213 .
You can apply for SSI benefits by:
Visiting our Apply Online for Disability Benefits website to start the disability application process online. You may be eligible to apply for SSI through the online disability application.
Having someone else call and make the appointment for you or assist you with your application for SSI. For more information, see our chapter on HOW SOMEONE CAN HELP YOU WITH YOUR SSI or
WHEN TO APPLY
Apply as soon as possible so that you do not lose benefits. We cannot pay benefits for time periods earlier than the effective date of your application.
If you call us to make an appointment to apply and you file an application within 60 days, we may use the date of your call as your application filing date.
If you are in a public institution but you will be leaving within a few months, you may not be eligible for SSI until you leave. You may, however, be able to apply before you leave so that SSI benefits can begin quickly after you leave. Check with the institution and contact us about filing an application under the “prerelease procedure.”
If Your Application Is Denied
After we review your application and the information you provided, we may decide you do not meet the qualifications for disability benefits.
If you disagree with our decision, you have the right to ask us to look at your application again. The notice you receive from us that says you don’t qualify will explain how to appeal our decision and the time period in which you must make the request.
If we decide you don’t qualify:
Because you are not disabled under our rules, you can appeal our decision online.
The online disability report will ask you for updated information about your medical condition and any treatment, tests, or doctor visits since we made our decision.
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Review Your Application Status
If you complete your request on paper
Sign and date your written request and submit it:
Reconsiderations can take several months to complete, depending on the case. Service Canada will review your application and any new information you submit in support of your request and send you a decision by mail.
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.