Retiring may be an thrilling a part of life — you’ll be able to lastly chill out and tackle some hobbies you have by no means had time for. Nevertheless it will also be complicated — particularly in terms of making use of to your earned Social Safety advantages and ensuring your medical insurance is lined up. Don’t fret, we’ll stroll you thru the fundamentals beneath.
Earlier than you apply, ensure you know if you’d like to start receiving your Social Safety advantages — for example, when you flip 65 in November 2024, you would possibly need to start receiving your advantages then. Word that you would be able to start receiving your Social Safety cash as early as age 62 for a smaller payout, or wait until age 70 to obtain your largest month-to-month profit quantity. This is the most quantity you’ll be able to obtain.
We’ll clarify every thing you will have to have available if you begin your Social Safety software and methods to apply. For extra, here is the Social Safety cost schedule.
Collect this information earlier than making use of for Social Safety advantages
While you’re prepared to use to your Social Safety advantages, you will want this info available.
Private info:
- Your Social Safety quantity
- The place you have been born (metropolis, state, nation)
Employment info:
- Names of employers for the previous two years
- Dates of employment
Present and previous partner info:
- Your present or former partner’s Social Safety quantity and birthday
- Date you bought married or divorced
- The place you bought married (metropolis, state, nation)
Banking particulars:
- Routing and account quantity to your checking account
Title of eligible youngsters:
- Your youngsters might be eligible for advantages in the event that they’re below age 18, or 18 or 19 and nonetheless in highschool, or who grew to become disabled earlier than 22.
How one can apply for Social Safety advantages
While you’re prepared to use for Social Safety advantages, go to ssa.gov/apply. If you have not but created a Social Safety account, you will have to now. Create a free My Social Safety account.
From right here, you will choose who you need to apply for and what you need to apply for. Your decisions embrace a number of varieties of advantages, together with retirement, household, incapacity and survivor advantages. As soon as you have made your choice, click on Learn to apply.
Subsequent, you will scroll right down to the field that claims “Submit an software.” Click on Begin software and skim by the phrases of service and verify the “I agree” field to maneuver on to the subsequent step.
If you have not already, you will be prompted to sign up to your My Social Safety account earlier than you begin the appliance, and you will have to confirm your e mail handle. Comply with the onscreen prompts to finish the appliance.
In the event you need assistance making use of, you can even arrange an appointment with a Social Safety agent by calling 800-772-1213. They’ll both arrange a cellphone or an in-person appointment.
When will I hear again about my software?
As soon as your software has been submitted, the Social Safety Administration says it is best to get a letter within the mail inside 30 days of the month you requested your advantages to start out. Your letter will both verify your advantages are permitted or will ask for extra info.
You may also maintain tabs in your software by checking the standing with this Social Safety device.
As soon as you start receiving Social Safety advantages, you should still have to file your taxes — discover out right here. Additionally, here is what would occur to your Social Safety verify within the occasion of a authorities shutdown.
