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Where To Apply For Social Security Benefits

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General Information About Social Security

How to Apply for Social Security Benefits

If you have worked less than 40 quarters under Social Security in the United States, but also contributed to an equivalent social program in a country with which the United States has a bilateral social security agreement, you may still be able to obtain some retirement benefits from Social Security. See: International agreements and totalization benefits. If you receive a foreign pension, or a pension from work in the United States not covered by Social Security , your Social Security benefits may be reduced by application of the Windfall Elimination Provision . Note that WEP does not apply if you have “substantially” contributed to Social Security for 30 years, and is alleviated if you have contributed to Social Security for more than 20 years. More about WEP and how it affects Americans abroad is on this ACA webpage here.Do you believe your Social Security benefits have been unfairly reduced by the Windfall Elimination Provision? Social Security will give you 60 days to appeal their decisions. Full information on the appeals process here: www.ssa.gov/pubs/EN-05-10041.pdf

NRAs who are entitled to Social Security retirement benefits and who reside in countries with no bilaterial social security agreement with the US may have their benefits cut off if they remain more than six months outside the US.

Documents Needed To Apply For Social Security Retirement Benefits

Applying for Social Security retirement benefits might seem like a challenging process, but a little bit of preparation goes a long way. In fact, the Social Security Administration office now allows applicants to apply online. If youve already decided youre at the right age for retirement and you want to get the process started, the application isnt overly difficult to fill out and submit.

One of the most important things to do before applying for Social Security benefits is gathering up all the paperwork you will need. Gathering the documents needed to apply for Social Security retirement benefits before you submit your application is what will make the process simple. For example, the SSA will need to verify your birthday and the fact that you have United States citizenship, so having your original birth certificate can go a long way.

How To Calculate Social Security Benefits

Lets say your FRA is 66. If you start claiming benefits at age 66 and your full monthly benefit is $2,000, then youll get $2,000 per month. If you start claiming benefits at age 62, which is 48 months early, then your benefit will be reduced to 75% of your full monthly benefitalso called your primary insurance amount. In other words, youll get 25% less per month, and your check will be $1,500.

That reduced benefit wont increase once you reach age 66. Rather, youll continue to receive it for the rest of your life. It may go up over time due to cost-of-living adjustments , but only slightly. You can do the math for your own situation using the Social Security Administration Early or Late Retirement Calculator, one of a number of benefit calculators provided by the SSA that can also help you determine your FRA, the SSAs estimate of your life expectancy for benefit calculations, rough estimates of your retirement benefits, individualized projections of your benefits based on your personal work record, and more.

Although the cost-of-living adjustments announced each year are usually only slight increases, Social Security benefits will increase by 5.9% in 2022, marking the largest increase since 1982.

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Who Can Claim A Deceased Person’s Pension

If the deceased hadn’t yet retired: Most schemes will pay out a lump sum that is typically two or four times their salary. If the person who died was under age 75, this lump sum is tax-free. This type of pension usually also pays a taxable ‘survivor’s pension’ to the deceased’s spouse, civil partner or dependent child.

Fact #: Social Security Benefits Are Modest

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Social Security benefits are much more modest than many people realize the average Social Security retirement benefit in June 2020 was about $1,514 a month, or about $18,170 a year. For someone who worked all of their adult life at average earnings and retires at age 65 in 2020, Social Security benefits replace about 40 percent of past earnings. This replacement rate will slip to about 35 percent for a medium earner retiring at 65 in the future, chiefly because the full retirement age, which has already risen to 66, and is gradually climbing to 67 over the 2017-2022 period.

The average Social Security retirement benefit in June 2020 was $1,514 a month, or about $18,170 a year.

Moreover, most retirees enroll in Medicares Supplementary Medical Insurance and have Part B premiums deducted from their Social Security checks. As health care costs continue to outpace general inflation, those premiums will take a bigger bite out of their checks.

Social Security benefits are modest by international standards, too. The United States ranks just outside the bottom third of developed countries in the percentage of an average workers earnings replaced by the public pension system.

Social Security lifted 1.5 million children out of poverty in 2018, as the chart shows.

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Lost Or Stolen Federal Payments

Report your lost, missing, or stolen federal check to the agency that issued the payment. It’s usually one of these paying agencies. If your documentation indicates it’s a different agency, and you need its contact information, look in the A-Z Index of U.S. Government Departments and Agencies.

To get an update on your claim, contact the Treasury Department Philadelphia Financial Center at 1-855-868-0151, option 1.

How Long Does It Take To Get An Ssn For An International Student

After verifying and approving your application by the SSA, your social security number card which contains a 9-digit number will be mailed to the address on file within 2 4 weeks.

If you receive the social security card, you have to observe an annotation on the card stating Valid for Work Only with DHS Authorization

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An Example Of Taxed Benefits

Lets say you receive the maximum Social Security benefit for a worker retiring at FRA in 2021: $3,148 per month. Your spouse receives half as much, or $1,574 a month. Together, you receive $4,722 a month, or $56,664 per year. Half of that, or $28,332, counts toward your combined income for determining whether you have to pay tax on part of your Social Security benefits. Lets further assume that you dont have any nontaxable interest, wages, or other income except for your traditional individual retirement accounts required minimum distribution of $10,000 for the year.

Your combined income would be $38,332half of your Social Security income, plus your IRA distributionwhich would make up to 50% of your Social Security benefits taxable because youve exceeded the $32,000 threshold. Now, you may be thinking, 50% of $56,664 is $28,332, and Im in the 12% tax bracket, so the tax on my Social Security benefits will be $3,399.84.

Fortunately, the calculation takes other factors into account, and your tax would be a mere $225. You can read all about the taxation of Social Security benefits in the Internal Revenue Service Publication 915.

Calculate The Best Time To Start Social Security

How To Apply For Social Security Benefits: What You Need To Know

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 .

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If You’re Not Sure Why You Received A Payment

If you receive a check or direct deposit payment from the Treasury Department and do not know what its for, contact the regional financial center that issued it.

If you received a check, look for the RFCs city and state at the top center. Then contact that RFC to find out which federal agency authorized the payment. It will be one of these:

If you received payment byelectronic funds transfer , or direct deposit, follow the directions under Find Information About a Payment.

Use the Treasury Check Verification System to verify that the check is legitimate and issued by the government.

What You Need For Apply For Ssdi Or Ssi Benefits

You will get a faster decision when you apply for Social Security Disability Insurance or Supplemental Security Income with the Social Security Administration if you provide:

  • Your Social Security number
  • Medical records from your doctors, therapists, hospitals, clinics and caseworkers
  • Laboratory and test results
  • Names, addresses, phone and fax numbers of your doctors, clinics and hospitals
  • Names of all medications you are taking
  • Names of your employers and job duties for the last 15 years

If you are applying for a child, you also need school records regarding your child’s disability.

IMPORTANT NOTE: Don’t wait to file your claim for disability payments even if you don’t have all this information.

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Eligibility For The Fers Supplement

Its important to understand that not all FERS employees are eligible for this benefit. Its available for a normal, immediate retirement only. A deferred retirement or early retirement will not qualify.

This is another way of saying that you must meet your MRA with 30 years of service, or age 60 with 20 years of service. You can also qualify for a normal immediate retirement at age 62 with 5 years of service, but the FERS Supplement ends at age 62 anyway, so the benefit would no longer be available.

Why Would My Application Be Rejected Or My Benefits Denied

The Difficulty to Obtaining Disability Benefits

Some of the most common reasons an application is rejected or benefits are denied are:

  • Insufficient documentation provided
  • The SSA could not locate or contact you
  • You refuse to cooperate and provide the necessary information
  • You commit fraud
  • To reject or deny your application Social Security must have reasonable legal grounds. If your application is rejected you can contact the Social Security office to learn why it was rejected and the steps you can take to reapply.

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    How A Child Receives The $255 Social Security Death Benefit

    The child of a deceased Social Security recipient can receive the payment if there is no eligible surviving spouse. The child would need to meet one of the following requirements:

    • The child was receiving Social Security benefits on the deceaseds record during the month they died.
    • That child became eligible for benefits when the individual passed away.

    How And When To Apply For Social Security Benefits

      • B.S., Texas A& M University

      Applying for Social Security benefits is the easy part. You can apply online, by telephone or by walking into your local Social Security office. The hard part is deciding when to apply for your Social Security retirement benefits and rounding up all the documents you’ll need when you do.

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      What Questions Will Social Security Ask Me When I Am Applying For My Benefits

      You will be asked about your date of birth, your Social Security Number, any former spouse, or your current spouse. You will be asked to confirm the names of any unmarried children or any children under 19 or disabled.

      You will be asked about your bank account information, your citizenship, any previous benefits you have applied for or received.

      Questions about your previous or current employment, earnings the year before, and any military service will be asked.

      There are many other questions you may be asked, it is best to be prepared to answer anything related to your past financial, medical, military, tax, and family history.

      When To Get Started With Your Application

      How to Apply for Social Security Disability Benefits online.

      Keep in mind that even if you are working on getting all the documents you need for your application, you can still begin the application process. The timing of the application can have an impact on how much you receive in benefits. For example, waiting until the full retirement age to apply will allow you to receive full benefits. Filing before this age can lead to a decrease in your monthly payment amount.

      If your full retirement age is 67, but you choose to receive benefits starting at 62, you could receive up to 30% less in monthly payments. Those who wait will receive larger payments and that amount will grow until you reach the age of 70.

      However, remember that starting the process to get retirement benefits doesnt mean they will come immediately. Its recommended that you apply for benefits no later than two months before you want to start getting payments. All SSA retirement benefits are set up to be paid for the month prior. So, someone who applies in March might start getting benefits in April but wont be paid the amount until May.

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      Why Waiting May Make Sense

      Waiting until your FRA to apply for Social Security can increase the amount you receive in benefits each month. You will receive an 8% increase in your benefit payment for every year you delay receiving benefits. If you can put off receiving Social Security payments until age 70, that could add up to an almost 25% increase in the amount you receive each month.

      Take some time to consider whether applying for Social Security benefits to begin at age 62 or at any age after that best helps you fund your retirement in the most practical way. The Social Security Administration can provide you with financial figures that will assist you in your decision-making process. Taking a hard look at the financial implications of retiring at various ages and at your personal situation will allow you to enjoy greater financial flexibility during your retirement years.

      Further Information About Your Application

      Your full retirement ageDepending on your date of birth, that may be between age 66 and 67. This could affect the amount of your benefits and when you want the benefits to start.

      When you can start benefitsYou may start receiving benefits as early as age 62 or as late as age

      Benefits are reduced for ageYour monthly benefits will be reduced if you start them any time before full retirement age.

      Working while you receive benefitsIf you elect to receive benefits before you reach full retirement age, you should understand how continuing to work can affect your benefits.

      Delayed retirement creditsDelayed retirement credits may be added if they start after your full retirement age.

      Life expectancyIf you live to the average life expectancy for someone your age, you will receive about the same amount in lifetime benefits whether you choose to start receiving benefits at age 62, full retirement age, age 70 or any age in between.

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      Keep Your Health Insurance

      With expected delays, it might be tempting to opt out of health insurance. However, having medical evidence is critical to support your claims. The lack of medical records could be a reason why your application gets denied. Therefore, you should consider your health insurance options, such as COBRA, Health Insurance Marketplace plans or Medicaid.

      If you need to stop paying for health insurance premiums due to cost or other circumstances, then look for low-cost or free health care clinics serving your area. You can find a list at the federal website: FindAHealthCenter.hrsa.gov.

      The Problem: The Economic Toll From The Pandemic Will Very Likely Affect Social Security Benefits

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      The initial retirement benefits that Social Security beneficiaries receive in the first year of retirement are determined by a formula that depends, in part, on the growth of average wages in the economy. Due to the economic fallout from the COVID-19 pandemic, the key measure of average wagesthe average wage index is very likely to decline in 2020. As a result, the initial retirement benefits for those who are first eligible to receive benefits in 2022when they reach the age of 62would be significantly less than what was anticipated only months ago, before the pandemic began to exact its economic toll. The effect is very likely to be so significant that workers turning 62 in 2022 would receive initial retirement benefits that are less than those of workers who were born a year earlier and who had essentially the same earnings history. This incongruity is what Social Security experts call a benefit notch. Such a notch would be unfair to the beneficiaries who turn 60 in 2020 and first become eligible to retire in 2022 because benefits are normally expected to grow for each successive cohort of retirees. Moreover, the benefit reduction and notch would have long-lasting consequences, as they not only would affect benefits in the first year of ones retirement but also lower them for every year going forward, as annual benefits are determined by adjusting the initial level for inflation.

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