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Click ‘Manage settings’ for more information and to manage your choices. You can change your choices at any time by visiting your privacy controls. Find out more about how we use your information in our privacy policy and cookie policy. Social Security could be a significant part of your retirement plan. But it doesn't kick in automatically. To start receiving your Social Security retirement benefits, you'll need to figure out when you want them to start and then submit an application. Learn how to apply for Social Security, according to the Social Security Administration website. When to apply for Social SecurityTiming is critical when it comes to planning your retirement income. How much you'll receive from Social Security depends partly on when you enroll. But before we get into that, let's talk about timing your application. You can apply for Social Security retirement benefits up to four months before you want them to begin. This provides enough lead time for your application to be processed. However, keep in mind that Social Security payments lag by a month. That means your Social Security benefits for September arrive in October. You're eligible for benefits at age 62, although the Social Security Administration considers that early retirement. You'll receive reduced benefits if you begin receiving them before the full retirement age, which is 67. You'll receive your full retirement benefit if you wait until the full retirement age. If you wait even longer, your retirement benefit will continue to increase until you turn 70. Just like you should think twice about applying for Social Security retirement benefits when you turn 62, don't assume delaying until age 70 is the right move. A financial advisor can help you determine the best time to initiate Social Security benefits based on your retirement plans. If you decide to tap Social Security sooner rather than later, the earliest you can start receiving retirement benefits is when you're 62 years and 1 month old. If you turn 62 on the first or second day of the month, you could apply for benefits to begin the same month as your birthday. That's because your first payment will arrive a month after they're due. For example, if you turn 62 on Oct. 2 and apply for benefits to begin in October, your first payment will arrive in November. By that time, you'll meet the age requirement. If your birthday falls after the second day of the month, you'd need to wait to initiate your benefits until the next month. So, for example, if you turn 62 on Oct. 10, you'd apply for benefits to begin in November, which means your first payment arrives in December. How to apply for Social SecurityYou can apply for Social Security benefits through the Social Security website, ssa.gov. You'll find separate applications for each Social Security benefit, including retirement, spouse's, disability and Medicare. You also can call the Social Security Administration at 800-772-1213 or visit a local office. Scheduling an appointment before going into the office might be worthwhile to minimize the time you spend waiting. The busiest times are typically Mondays, the morning after a federal holiday and the first week of the month, according to the Social Security Administration. What you'll need to apply for Social SecurityTo apply for Social Security retirement benefits, you'll need to be prepared with information about yourself and your work history. Some items on the list of personal information resemble what you'd use to fill out a job or loan application, but there's also certain information you'll need to compile.
Did you know... Medicare Part B is the portion of Medicare that covers most doctor visits and other outpatient medical services. It also covers durable medical equipment and preventive services. The Social Security retirement benefits application also will ask for information about your work history.
You can find a list of what you need to apply for spouse's or disability benefits on the Social Security Administration's website. What is the earliest I can receive Social Security benefits?You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase.
How much is Social Security at 62?How Your Social Security Benefit Is Reduced. Can I retire at 62 and still work?You can get Social Security retirement or survivors benefits and work at the same time. However, there is a limit to how much you can earn and still receive full benefits. If you are younger than full retirement age and earn more than the yearly earnings limit, we may reduce your benefit amount.
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