What You Need To Do To Get Social Security Benefits

As your retirement age draws near, it is time to start thinking about getting your Social Security account benefits. The application process can get a bit confusing and your benefits can change depending on when you apply. If you apply for your benefits early, you won’t get as much each month than if you decided to wait until 70.

The first thing you have to do when you are getting ready to apply for Social Security benefits is to make sure you are eligible. You can start the application process as early as four months before you turn 62, but your benefits are going to be reduced by about 25 percent. If you can wait to 70, you will get about 30 percent more on your monthly benefit checks.

The Social Security Department gives you a few different options on how you can apply for benefits. Many people choose to apply for their benefits online. This is likely to be the easiest way since you can apply whenever you want and you don’t have to travel anywhere to put in your application.

Things To Know About Applying For Social Security

If you don’t want to apply for your benefits online, you can apply over the phone and you can also go to the Social Security office and apply. The office tends to get crowded, so be prepared to wait for a long time if you apply in person. You will need to submit multiple documents along with your application filing service, including a birth certificate and other paperwork that proves your identity.

Once you apply, you will have to wait for your application to be approved and once it is approved, you will start receiving your checks. You can also set up direct deposit which will make it easier to get your money faster and you won’t have to deal with waiting for a paper check to arrive in the mail each month.

If you want to get the most money, you should wait as long as you can until you apply for your benefits. If you apply early, before you turn 67, you are not going to get as much money. If you can wait until the maximum age which is 70, you will get more money.

Social Security benefits can help you make ends meet and they will provide you with a dependable source of income for the rest of your life.