Monday, May 16, 2022

How To File For Social Security Retirement Benefits

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When To Begin Receiving Social Security Benefits

The BEST AGE to File for Social Security Retirement Benefits

Have you wondered when the best time is to retire? Benefits are based entirely on income received during the years you worked. For this reason, it is important to work as long as possible. Benefits are available as long as at least 40 credits have been earned. Age is also important in knowing when to retire. If you retire early at the age of 62, your benefits will be reduced. Waiting can increase benefits by about 25 percent. Full retirement age is currently 67. However, if your health is good or you have other income, waiting until you are 70 to claim your benefits will increase the amount you receive.

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Earn Ssa Work Credits In Some Countries

You may not have enough credits from your work in the United States to qualify for retirement benefits. But, you may be able to count your work credits from another country. The SSA has agreements with 24 countries. If you earned credits in one of those countries, they can help you qualify for U.S. benefits.

Three Easy Ways To Apply For Benefits

There are three easy ways to apply for Social Security. The first and easiest way to apply is online. The online application saves time and is very efficient. The entire process should take no more than 15-30 minutes. Second, you can schedule an appointment to visit the local office. This is the best way if youre not comfortable on the computer. Third, the entire process can also be handled on the phone. Call 1-800-772-1213. No matter how you apply, gather the required information ahead of time.

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A Restricted Application Limits Your Benefit Type

In many cases, a restricted application allows you to later apply for other benefits types. Take a look at why you might use this rule and some of the things you may be eligible for:

  • A benefit based on your own earnings record this is known as a “retirement insurance benefit” .
  • A benefit based on a spouse or ex-spouses earnings record this is known as a “spouses insurance benefit” .
  • A benefit based on a deceased spouse or ex-spouses earnings record this is known as a “widow’s insurance benefit” .
  • A benefit if you are disabled this is known as a “disability insurance benefit.” .

You can use a restricted application to claim a spousal benefit while letting your benefit continue to grow if:

  • You were born on or before January 1, 1954.
  • You are currently married or, you are divorced .
  • You’ve reached full retirement age and have not yet claimed your own benefits.

What if your benefit is higher than the spousal benefit? You can simply switch to your benefit amount when you reach age 70.

Can I Apply For The Medicare Program

When to file for Social Security retirement benefits early

If you already have Medicare, you can still use this application to apply for retirement benefits. After receiving retirement benefits after two years, you may automatically be entitled to Medicare. SSI and SSDI vary, and your retirement benefits may change depending on which youre entitled to. If you dont have Medicare but are within 3 months of age 65, you can use this application to apply for both retirement and Medicare or just apply for Medicare itself if you are not ready to receive retirement benefits yet.

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Claiming Social Security Benefits At The Right Time Means More Money In Your Pocket Here’s A Guide To Everything From Knowing Your Full Retirement Age To Taking Social Security Spousal Benefits

For many Americans, Social Security benefits are the bedrock of retirement income. Maximizing that stream of income is critical to funding your retirement dreams.

The rules for claiming Social Security benefits can be complex, but this guide will help you wade through the details. By educating yourself about Social Security, you can ensure that you claim the maximum amount to which you are entitled.

Here are 12 essential details you need to know.

Report The Death Of A Social Security Or Medicare Beneficiary

You must report the death of a family member receiving Social Security or Medicare benefits. The Social Security Administration processes death reports for both. Find out how you can report a death and how to cancel benefit payments. In addition to canceling SSA and Medicare benefits, find out what other benefits and accounts you should cancel.

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Why Is Tax Forms Photocopying Needed To Apply For Retirement Benefits

Based on the guide to apply for retirement benefits that is published on the official website of Social Security, the detailed application procedure has been introduced on the Apply for Retirement Benefits page where steps and notices are covered including Before You Apply, How to Apply, and Once Youve Applied.

In the step of Before You Apply, a copy of your W-2 tax form and/or self-employment tax return from last year is/are required and a photocopy is acceptable. Therefore, its necessary to prepare a photocopied form before applying for retirement benefits online.

If You Don’t Have All Of The Documents

How Do I Apply For My Social Security Retirement Benefits Online – Documents Needed To Apply For SSI

Even if you don’t have everything, don’t delay applying for Social Security retirement benefits. You can provide the missing documents later. We may be able to help you get them.

In many cases, your local Social Security office can contact your state Bureau of Vital Statistics and verify your information online at no cost to you or find other ways to get the information we need.

If you delay signing up, you could lose some benefits you may be due.

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How To Easily Apply For Your Social Security Benefits In 2021

    Social Security is a program that was established more than 80 years ago. Its purpose is to provide income benefits for retired people. Did you know disabled persons can also apply? Additionally, widows and surviving dependents are also eligible for benefits.

    Before applying for social security, see if you qualify. Certain age requirements must be met. Also, credits or points earned for working are needed. Once these conditions have been met you can apply for benefits. The next step is to contact the Social Security Administration. You can easily open up an account online. If you prefer,you may contact your local office.

    Corrected Card For A Noncitizen Child

    If you legally change your childs name because of adoption, court order or any other reason, you need to tell Social Security. If your child is working, also tell your childs employer. If you do not tell us when your childs name changes, it may:

    • Delay your tax refund or your childs refund and
    • Prevent your childs wages from being posted correctly to your childs Social Security record, which may lower the amount of your childs future Social Security benefits.


    You must present original documents or copies certified by the agency that issued them. We cannot accept photocopies or notarized copies. All documents must be current . We cannot accept a receipt showing you applied for the document.

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    Restricted Applications When Caring For A Child

    Spouses are able to restrict their benefits when they are caring for a child under the age of 16. You can choose to restrict your benefits and receive spousal benefits while receiving child-in-care spousal benefits.

    Once the child reaches the age of 16, the child-in-care benefit generally stops. If you are under 62 years of age, there is no other social security option for you. But the child can in fact still receive benefits. If you are at least 62, you will have the option to file for your own benefits, spousal benefits, or wait until FRA to receive your benefits.

    When To Apply For Social Security

    Social Security Retirement Benefits Guide &  Frequently ...

    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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    How Are Spousal Benefits Calculated For Social Security

    The amount of your spousal benefit depends on 1) your spouses earnings history and 2) how old you are when you claim your benefits. If you claim benefits before your full retirement age , your benefits will be permanently reduced based on the number of months until you reach that age. However, your benefit does not depend on when your spouse claims.

    Heres what you need to know about how the Social Security Administration calculates spousal benefits

    1. First, the Social Security Administration calculates the benefits owed on your own earnings record . Typically, that means youve paid into Social Security for at least 10 years over the course of your life.

    2. Next, the SSA calculates 50% of your spouses PIA. That 50% is the most you could be eligible forbut as with earned benefits, youll receive less if you claim before your full retirement age.

    3. If you claim benefits before your Full Retirement Age, they will reduce your spousal benefits. You are eligible to begin retirement and spousal benefits starting at age 62. However, spousal benefits are reduced by 25/36 of 1% for each month before your full retirement age, up to 36 months early. Benefits that are taken more than 36 months early are reduced an additional 5/12 of 1%. Claiming early permanently reduces your benefits.

    The many rules can feel confusing, and the best way to calculate your own benefit is to use a Social Security benefits calculator.

    Social Security Monthly Retirement Benefits

    If youre familiar with other Social Security programs, such as Supplemental Security Income , you know that the U.S. government fixes a monthly benefit amount for recipients each year . Since SSI is a needs-based program for low income individuals and paid out of general tax revenues, it doesnt conform to the criteria used to calculate Social Security retirement benefits.

    In comparison, there isnt a monthly minimum Social Security retirement benefit. Your Social Security retirement benefit is calculated using a proprietary algorithm. Social Security Administration inputs your reported lifetime earnings. You can use the Social Security retirement benefits calculator on the agencys website to estimate retirement benefits.

    If youre at least 62 years old and earned 40 SSA creditsyou can earn up to four credits for each year you work, or one each quarter if you earned at least USD 970 during the periodyou can receive retirement benefits.

    Social Security uses this information, along with when you request retirement benefits, to calculate your benefit amount:

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    Get Help Qualifying For Disability Benefits

    The truth is, applying for disability can be a long and sometimes frustrating process. Most first-time applicants are denied, and appeals can take months. However, this doesnt mean you should give up hope. With the help of an experienced Social Security disability lawyer, you can increase your odds of being approved the first time and strengthen your claim should you need to go through the appeals process.

    To find out the difference having dedicated representation on your side can make, contact us at Social Security Disability Advocates USA today. Well arrange a free, no obligation consultation with our legal team to review your disability claim and help you make the right decision for you and your family. Get in touch 24/7 by calling , connecting with one of our LiveChat agents, or by filling out this form to request your complimentary case review.

    This is attorney advertising. SSDA, LLC is a group of attorneys that pursues claims for Social Security Disability benefits on behalf of its clients against the Social Security Administration. SSDA, LLC is in no way a part of the Social Security Administration. Further, the information on this blog is for general information purposes only. Nothing herein should be taken as legal advice. This information is not intended to create, and receipt or viewing does not constitute, a representative-client relationship.

    Make Payments To The Federal Government

    7 GOOD REASONS to File for Social Security Benefits at Age 62

    Learn how to use to make secure, electronic payments to government agencies from your checking or savings account. You can use the online service for VA medical care copayments, U.S. district court tickets, U.S. Coast Guard merchant mariner user fee payments, and more.

    If you need help, contact customer service.

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    Get Your Social Security Estimates

    The SSA website provides estimates for how much you’ll collect if you start receiving benefits at age 62, your full retirement age , and age 70. Remember that you don’t have to start taking your benefits at those milestone ages you and your spouse can start collecting anytime between ages 62 and 70.

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    The Social Security Administration will not notify your ex that you are collecting benefits off their work record. That is likely music to your ears as unlike many things in divorce, theres no need to coordinate or communicate with your former spouse, as your collection of a spousal benefit does not impact their Social Security benefit.

    What if Ive been married and divorced more than once?

    If each marriage lasted 10 years or more and the above qualifications apply to each situation, you can choose which benefit you would like to collect, but you cannot collect on more than one work record.

    How much will I receive?

    Full Retirement Age varies based on year of birth.

    BDF LLC, Social Security Administration

    Your maximum spousal benefit is 50% of what your ex-spouse will collect at full retirement age . So, for example, if your ex-spouse is entitled to the 2021 maximum monthly benefit of $3,113 at FRA, your maximum ex-spousal benefit is $1,556.50 per month at your FRA. While you can start receiving benefits before you reach your FRA, filing earlier will reduce the amount you receive by approximately 6.5%-7.5% for each year you claim early. Full retirement age varies based on birth year.

    Can I get an estimate of what this would be without going through my ex?

    When can I apply for ex-spouse benefits?

    Should I collect benefits based on my work record or my exs?

    BDF LLC, Social Security AdministrationBDF LLC, Social Security Administration

    What if my ex-spouse dies?

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    Taking Social Security In The Pandemic: What To Know

    Suddenly unemployed older workers who had hoped to delay filing have options that can boost their lifetime benefits.

    The trend has been moving in a positive direction: Over the past decade, far more workers who are eligible for Social Security have been waiting to file, often substantially increasing their lifetime annual benefits.

    But the stunning job losses in the pandemic-induced economic crisis could bring this trend to a crashing halt, as suddenly unemployed older workers without substantial savings scramble to meet living expenses.

    At a time when fewer retired households can rely on traditional pensions and only about half own retirement accounts, Social Security is the most important benefit for most Americans. Even in good times, there is no simple, one-size-fits-all answer when it comes to timing a claim your longevity, savings and any other pension income are important factors.

    Now the decision is complicated by the highly uncertain outlook for the economy, jobs and financial markets. But even if you need Social Security income immediately, you may have options worth considering that can boost lifetime benefits.

    Lets review the pros and cons of different strategies for claiming benefits during the coronavirus pandemic.

    Workers Compensation Disability Benefits

    Social Security Benefits For Spouses

    After an on-the-job injury, you may receive temporary or permanent disability benefits if you are unable to work. Workers compensation laws about working while receiving benefits vary depending on your state. For example, Louisiana forbids you to get another job while receiving WC benefits. However, in Massachusetts if you already have another job, you can continue to work as long as long as your duties do not conflict with your injury and you report the income to your workers compensation benefit provider. Contact the claims adjuster managing your case if you have any questions about obtaining or retaining a part-time job.

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