You earn credits by working and paying Social Security taxes. Keep in mind. If you do not wish to use the online application, or the application for the benefit you want is not available online, you can:If you qualify for both retirement and spouse's benefits, please read:If your application for disability benefits was denied recently for medical reasons, you can If you want to apply for Supplemental Security Income (SSI), please read:You cannot report a death or apply for survivors' benefits online.If you need to report a death or apply for survivors' benefits, call You cannot apply online for benefits for a child. Check the Status of Your Application. The income limit increases annually. For example, people who waited until age 70 to retire in 2017 could get a maximum benefit of $3,538.Despite getting smaller monthly benefit payments, people who start claiming Social Security retirement benefits at age 62 often have good reasons for doing. You cannot apply online for benefits for a child. Your benefits will start in October 2020; you can apply for benefits in June. No matter what your age is, you cannot get Social Security retirement benefits until you have earned 40 credits. Retirement is a great time to look into the According to the Social Security Administration, the average monthly benefit paid to retired workers in May 2017 was $1,367.58. The soonest you can apply for benefits is 4 months before you want your Social Security paycheck. 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. However, the maximum benefit for persons retiring at age 62 in 2017 was only $2,153. When it is time for you to apply for Social Security, you will want to gather the information and documents you … Applying for Social Security benefits is the easy part. If you are receiving Social Security disability benefits when you reach full retirement age, those benefits will be converted to retirement benefits.Whether you apply online or in person, you will need the following information when you apply for your Social Security benefits:If you choose to have your benefits paid through direct deposit, you will also need your bank's name, your account number and your bank's routing number as shown on the bottom of your checks.​Many people choose or need, to keep working after claiming Social Security retirement benefits.

Deciding when to retire is totally up to you and your family. If you can live comfortably on 40 percent of what you're making at work, problem solved, but financial experts estimate that most people will need 70-80 percent of their pre-retirement income to have a "comfortable" retirement.Born in 1937 or earlier - Full retirement can be drawn at age 65Remember 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. If you want your benefits to start at age 62, you can apply at age 61 and eight months. Instead, the agency may withhold several months’ entire checks until the total reduction is paid off. 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 retired at their full retirement age of 67 in 2017 could get a maximum monthly benefit of $2,687, depending on their work and income history. If you were born in 1929 or later, you need 40 credits (10 years of work) to qualify. For example, the income limit in 2018 was $17,040 or $1,420 per month. If you want them to do that, you will need to give the deceased's Social Security Number to the funeral director so they can make the report. The more you earned, the more you'll get when you retire.Your Social Security retirement benefit payment is also affected by the age at which you decide to retire. However, if you continue work after claiming early retirement benefits your Social Security benefits may be reduced until you reach your full retirement age.If you retire at age 62, Social Security will deduct money from your retirement check if you exceed a certain amount of earned income for the calendar year. If you are almost 65, your application for benefits will include Medicare. You will need your Social Security number and confirmation that you received when you applied to use this service. For example, if you were born on Oct. 1 or 2, 1958, Social Security considers you to be 62 as of Sept. 30 or Oct. 1, 2020. Step 4: This step might be the hardest part, but still very straightforward. If you stop working, you stop earning credits until you return to work. 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.Becoming eligible to get Social Security retirement requires both reaching a certain age Your Social Security retirement benefit payment is based on how much you made during your working years.
Sometimes health problems force people to retire early.


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