Wednesday, September 28, 2022

Where Do I Apply For Social Security Retirement Benefits

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Selecting A Benefit Start Date

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

The application will also ask you what date you want your benefits to start. A benefits estimator is built into the application to help you decide.

The SSA pays out benefits the month after the start date you request. For example, if you indicate that you want your benefits to start in September, you’ll receive your first check in October.

Keep in mind that the amount of your benefit checks will depend on the age when you start collecting. The longer you can wait to start taking your payments, the more you will get each month. However, you must begin receiving benefits by age 70.

Social Security Benefits And Inflation

Under the law, Social Security benefits increase each year to keep up with inflation. These increases are known as COLAs, or cost-of-living adjustments.

Research has found, however, that benefits do a poor job of compensating for seniors increasing costs, especially as health care and housing make them more vulnerable to inflation risk.

The Senior Citizens League says program benefits have lost 33 percent of buying power since 2000, citing the 2019 Loss of Buying Power Study, which found that January 2000 through January 2019 COLAs increased Social Security benefits by 50 percent, but the cost of goods and services purchased by typical retirees rose more than twice as fast 100.3 percent.

The study, which compares the price increases of goods and services used by retirees to the increase in Social Security benefits since 2000, notes the rapid inflation of fresh fruits and vegetables and prescription drugs.

Retirement Benefits For Spouses

Your spouse is eligible to get Social Security retirement payment from your account even if they havent paid Social Security taxes if they are at least 62 years old. If they get their own Social Security benefits but yours are higher, SSA will pay them their regular amount and add an additional amount from your account to equal the bigger number.

If your spouse does collect benefits under your account:

  • Their monthly retirement pay will be permanently lowered if they start collecting before full retirement age. A percentage is taken out which is decided by how many months they have left before they reach full retirement age. They may also be affected if they are working during this time period. The earliest they can collect is at age 62.
  • Your spouse can get payments earlier than 62 years old only if they are caring for your child who is also getting benefits. These payments end when the child turns 16, but they start back up when your spouse meets the age requirements.
  • The maximum amount of money the spouse can receive at full retirement age is one half of your full retirement amount.

The money your spouse gets does not lower the amount you get. It just raises the overall total of what your family receives from your account.

Also Check: How To Calculate My Social Security Benefit Amount

When Will Social Security Run Out Of Money

The Old-Age and Survivors Insurance Trust Fund, which is the retirement benefits funding account managed by the Social Security Administration, is on track to run out of money in 2034.

The cost of the program is projected to exceed income in 2020. In 2034, the programs income will be enough to pay about 77 percent of scheduled benefits.

Congress is considering various proposals to shore up Social Security, including increasing the amount of income that the program taxes, hiking payroll taxes and cutting benefits.

Taxes On Your Benefits

The ins and outs of applying for Social Security benefits

Your Social Security benefits may be partially taxable if your combined income exceeds certain thresholds. Regardless of how much you make, the first 15% of your benefits are not taxed.

The SSA defines combined income using this formula:

  • Your adjusted gross income + nontaxable interest + half of your Social Security benefits = your combined income

If you file your federal tax return as an individual and your combined income is $25,000 to $34,000, then you may have to pay income tax on up to 50% of your benefits. If your combined income is more than $34,000, then you may have to pay tax on up to 85% of your benefits.

If youre married, filing a joint return, and your combined income is $32,000 to $44,000, then you may have to pay income tax on up to 50% of your benefits. If your combined income is more than $44,000, then you may have to pay tax on up to 85% of your benefits.

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Disability Benefits For Veterans

You may be eligible for disability benefits if youre on disability from your service in the Canadian Armed Forces or Merchant Navy.

You may get social assistance payments from:

  • your province or territory
  • your First Nation

These payments will depend on your household income, savings and investments.

You may also be eligible for health-related benefits from your province or territory. These benefits may include benefits that help cover the cost of:

  • medications
  • medical aids or devices

Personal Information And Documents Needed To Apply For Social Security

When youre filling out a Social Security retirement benefits application, youll need to provide lots of information about yourself. We already mentioned that your birthday is part of that, but it goes far beyond that. Youll also need to share your Social Security number, place of birth, and when you want to begin receiving benefits.

Youll also need to share information about your spouse, including their name, date of birth, and Social Security number. The place and date of marriages, divorces, and deaths will also need to be disclosed, which marriage and divorce documents can help with. Those with children under 18, under 19 and still in school, or disabled children will also need to provide their names.

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Social Security Cards And Noncitizens

All U.S. citizens are eligible for SSNs. In addition, noncitizens authorized to work in the United States are eligible for SSNs. Noncitizens eligible to work in the United States include those who are admitted to the United States permanently and are often referred to as immigrants , and those who are admitted temporarily .

Social Security cards issued to noncitizens who are residing permanently in the United States are identical to those issued to U.S. citizens. Social Security cards issued to noncitizens who are in the United States temporarily bear the inscription, “VALID FOR WORK ONLY WITH DHS AUTHORIZATION.” SSA also issues SSNs to noncitizens not authorized to work if the noncitizen is legally in the United States and needs an SSN to receive state or federal benefits or services.26 SSNs issued for this purpose bear the legend, “NOT VALID FOR EMPLOYMENT.”

Importantly, the SSN issued to a noncitizen does not change if the noncitizen adjusts status . Although the noncitizen is supposed to report any change of status to SSA, this does not always occur. As a result, it is possible that some U.S. citizens have Social Security cards with the inscription, “VALID FOR WORK ONLY WITH DHS AUTHORIZATION.”

How Much Ssi Can I Get In Minnesota

ð´Can I Apply For Social Security Retirement Benefits In Advance of Age 62

For 2019, you can receive up to $771 a month in SSI benefits from the federal government. In addition, most Minnesotans are eligible for a supplemental SSI payment from the Minnesota Supplemental Aid program. Minnesota will use the difference between your SSI payment and the MSA monthly income standard to determine your possible grant amount from MSA. Here are the most current MSA monthly standard amounts:

  • Individual living alone $832
  • Individual living with others $607

Also, if you live in certain non-medical congregate care facilities you can receive $72 a month for your personal needs. Additional funds may also be available in certain circumstances, such as where you need funds to purchase foods for a special diet, need to pay for a representative payee or other guardian, or need to have repairs made to your home or if you need furniture or appliances replaced.

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How Long Does It Take To Apply For Social Security

The online application process takes about 30 minutes. After you apply, you will be contacted if more information is needed. You will be informed if you can receive benefits through someone else, like your spouse, and if other family members can receive benefits through you.

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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.

Read Also: How To Apply For Social Security In Minnesota

How To Get A New

You can apply for a new Social Security number in in Minnesota for the first time, or even if you were owner of one and it was stolen to be able to start this process you will have to provide some paperwork to prove your identity, age, , citizenship or legal immigration status in the United States. If the procedure is done in the place of another individual, it is necessary that the messenger brings proof of the relationship with the applicant and a Valid Identification card of its own.

Are Social Security Benefits Taxed After Age 66

Great book for learning about Social Security benefits ...

Once you reach full retirement age, Social Security benefits will not be reduced no matter how much you earn. However, Social Security benefits are taxable. If your combined income is more than $44,000, as much as 85% of your benefits may be subject to income taxes.

Also Check: How To Replace Social Security Number

Minnesota Disability Determination Services

Minnesotas Disability Determination Services makes the initial decisions about whether you are disabled. DDS will gather your medical records and may schedule a consultative examination by a doctor hired by the SSA. Here is Minnesotas DDS contact information:

DDSSaint Paul, MN 55101651-259-7770

DDSs parent agency is the Department of Employment and Economic Development. To learn more, visit the DDSs web page.

How To Get A Social Security Card

  • Gather your documents. Learn what documents you’ll need to get a card. Select your situation:
  • Adult or child
  • Original, replacement, or corrected card
  • U.S. born citizen, foreign born U.S. citizen, or noncitizen
  • Apply online for a replacement card. Apply online if youre not changing anything on your card and you are eligible. This option is available in most states. You will need to make a my Social Security account first. Or complete an application. If you can not apply online, fill out an application and return it to the SSA. Find out where to take it in person or mail it.
  • Read Also: How To Replace My Social Security Card In Texas

    Application With Financial Help

    • Use this application to apply for anyone in your family.
    • Apply even if you or your child already has health coverage. You could be eligible for lower-cost or free coverage.
    • Families that include immigrants can apply. You can apply for your child even if you are not eligible for coverage. Additional information about immigration and public benefits: Does Public Charge Apply to You? , , , .

    This application scans your income and other information to determine what coverage you qualify for and if you can get any help paying for it through tax credits, cost-sharing reductions, MinnesotaCare or Medical Assistance . After you submit this application, youll see a screen with the results, also known as the eligibility determination.

    Other options for accessing Medical Assistance: Even if the results of the eligibility determination show that you do not qualify for MA or MinnesotaCare, you or someone in your household may still qualify for low-cost or no-cost health insurance. A child may qualify for MA under the Tax Equity Fiscal Responsibility Act option if the child has a disability and household income is too high for the child to otherwise receive MA or MinnesotaCare. More information about qualifying for MA under the TEFRA option.

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    Request An Overpayment Waiver

    Applying Online for Social Security Retirement Benefits

    If you agree that you received an overpayment but the overpayment was not your fault and repaying it would mean that you could not pay you other necessary living expenses or repaying it would be unfair, you can request a waiver. There is no deadline to request a waiver of the overpayment. Social Security can decide to waive all or some of the overpayment.

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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.

    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.

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    The Easiest Way To Apply For Retirement Benefits Is Online

    There are a few ways you can apply for retirement Social Security benefits: Online at, in person at your local Social Security office, or over the phone by calling 1-800-772-1213.

    If you’re ready to retire and start receiving a Social Security check, first make sure that you’re eligible to apply for benefits. You must be a maximum of three months away from your 62nd birthday, and you must also be ready to start taking your benefits within the next four months.

    What Affects Social Security Retirement Amounts:

    Social Security Retirement Age and Benefits

    Social Security payments are different for everyone because they are decided by a number of factors. What you get for your own retirement will depend on:

    Your full retirement age: While you can start collecting as early as 62 years old, the amount of money you get from each payment will depend on if you retire before or after your full retirement age. This is based on the year you were born, and you can find your own full retirement age HERE.

    When you start collecting: Collecting before your full retirement age could reduce your monthly payments, while delaying them past your retirement age could increase the amount you get.

    If you continue to work:Continuing to work after you begin receiving Social Security payments could increase the amount of money you get in the future, because the SSA recalculates the payments for their recipients each year.

    If your family qualifies for benefits: Some family members may qualify to get benefits from your Social Security account, as much as one half of your full retirement benefit amount. This will not lower the amount that you personally receive from your Social Security benefits.

    The Social Security Administration has a Retirement Estimator to help give you a general idea of what you can expect to receive.

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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.

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