7 Things You May Not Know About Social Security Benefits

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Understanding Social Security Benefits before you need them saves you time and stress. While it’s not necessary to know all 2,728 rules in the social security handbook, being aware of the important ones that pertain to you can mean receiving a higher amount. Here are 7 good things to know about social security:


You Can Begin Collecting at Age 62

Although 66 is considered Full Retirement Age, you can start using your social security. But be advised…


Waiting for Full Retirement Age Means More Benefits

Claiming your social security after age 66 can increase the amount you receive by 25 to 30 percent. However…


If You Can Hold Out Until 70, You Should

At age 70, you reach maximum benefit amount, which means you will get the most money. Once you reach Full Retirement Age, you begin accruing Delayed Retirement Credits, which raises the amount of social security you will receive, until you are 70 years old.


Monitor Your Earnings Online

Once you turn 18 years old, you can check your social security earnings and estimated disability benefits online here.


There Are Benefits for Widows and Widowers

If your spouse has died, you can claim Survivor Benefits at age 60. As with social security retirement benefits, if you claim them before age 62, you won’t receive the full percentage. If you remarry before the age of 60, you do not qualify.


Spousal Benefits are for Divorcees, Too

Divorced singles over the age of 62 can collect spousal benefits the same way they would be able to if they were still married. They can collect survivor benefits as well if their ex-spouse has passed away.


There’s a 10 Year Work History Minimum

To qualify for benefits, you must have a minimum of 40 work credits. You receive at least 4 work credits per year worked so you need to have worked for at least 10 years. The 10 years do not have to be consecutive. 


If you have further questions, we’re here to help. Additionally, the Social Security Administration has lots of information on their website or you can call them with questions at 1-800-772-1213.


By: Alecia Stanton

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