how early to apply for social security
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When to apply for Social Security retirement benefits Applications for Social Security benefits can only be processed a maximum of four months before benefits are scheduled to begin. Thus, the earliest you can apply is age 61 and 9 months, and you can expect to receive your first payment four months later, the month after your birthday.
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When to Apply for Social Security Benefits When to Apply for Social Security Benefits. 3 months is the rule of thumb. by Stan Hinden, AARP Bulletin|Comments: 0. En español | Q. I turn 62 in September and want to start benefits as soon as I can.
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When Can I Start Receiving Social Security Benefits? However, if you do delay receiving your benefits, you must still apply for Medicare before age 65. The Social Security Administration recommends starting the process three months before your 65th birthday. If you don't do this, you can still apply after age 65.
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How and When to Apply for Social Security Benefits To draw full retirement benefits, the following Social Security Administration age rules apply: Born in 1937 or earlier-Full retirement can be drawn at age 65. Born in 1938 - Full retirement can be drawn at age 65 years and 2 months.Born in 1939 -- Full retirement can be drawn at age 65 years and 4 months.ou can retire as early as age 62, but if you retire before your full retirement age, your benefits will be permanently reduced, based on your age. For example, if you retire at age 62, your benefit would be about 25 percent lower than what it would be if you waited until you reach full retirement age.
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Why Smart People Take Social Security Benefits Early If you apply at age 62, which is the earliest allowed, then your benefits will be 25% to 30% lower than your primary insurance amount -- that is, the benefit amount you're entitled to upon reaching full retirement.
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Apply for Medicare The Social Security office handles applications for Medicare Parts A and B. They offer several easy options so you can choose how to apply. If you are aging into Medicare, you may apply as early as 3 months prior to the month of your 65th birthday.
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When should I apply for Social Security? How to easily apply for Social Security. You should apply for benefits three months before you wish to start collecting. You can apply in as little 15 minutes by going online. Click here for information and required documentation.
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Can I receive Social Security retirement and disability benefits at the same time? (This maximum gets you to 12 months before your application date, plus five months for the waiting period, so your earliest established onset date is 17 months before the application date.) In turn, the earliest you can become eligible for Medicare is two years after you apply for Social Security disability.
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How and When to Apply for Social Security Benefits Remember 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.o draw full retirement benefits, the following Social Security Administration age rules apply: Born in 1937 or earlier-Full retirement can be drawn at age 65. Born in 1938 - Full retirement can be drawn at age 65 years and 2 months. Born in 1939 -- Full retirement can be drawn at age 65 years and 4 months.
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Benefits Planner: Retirement Retirement Planner: When To Start Your Benefits. You can start your Social Security retirement benefits as early as age 62 or as late as age 70. Your monthly benefit amount will be different depending on the age you start receiving it. If you choose to: start your benefits early, they will be reduced based on the number of months you receive benefits before you reach your full retirement age.
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Can You Delay Starting Social Security Benefits on a Month-to-month Basis? The exact month is based on your year of birth. Early retirement at a reduced benefit amount can be taken as early as the month you turn age 62. If the application for Social Security retirement is delayed past the designated full retirement age, the monthly benefit will increase up to a start of benefits at age 70. Retirement for Social Security can be delayed past age 70 without any further increase in the benefit amount.
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How to Sign Up for Social Security The best-known payments that come under the umbrella of Social Security include retirement and spousal retirement benefits. Although you can qualify to claim retirement benefits as early as age 62, you won't get the maximum benefit at that age. Whenever you're ready to apply, you can make the application online, by phone or in person at a local Social Security office. If you're turning 65, Social Security can handle your Medicare application also.
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Apply for Medicare In most cases, you will receive your Medicare card about 3 weeks after you apply. If you are already receiving Social Security benefits when you turn 65, your enrollment into Medicare is automatic. Your card will just show up in your mailbox about 2 months before you turn 65.
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When to file for Social Security retirement benefits early Waiting is a pretty solid strategy. After all, claiming Social Security before full retirement age locks in your monthly benefit at a reduced level; for those claiming at age 62, it's as much as 30 percent lower.
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If I apply for Social Security benefits in the month when I turn full retirement age, when can I expect to receive my first check? Since SSA pays individuals a month behind, the person will receive the June benefit in the month of July. If you would like to receive your first check the first month you are eligible, you will need to apply three months before your birthday. Return to Social Security Q&A Tool main page >>.
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Benefits Planner: Retirement Retirement Planner: When To Start Your Benefits. You can start your Social Security retirement benefits as early as age 62 or as late as age 70. Your monthly benefit amount will be different depending on the age you start receiving it.
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When to Apply for Social Security Benefits Can I apply before I reach my birthday? A. You can. Social Security will accept your application for early benefits when you're 61 years 9 months. Regardless of how old you are, the agency generally recommends that you apply three months before you would like the first payment to arrive.ocial Security will accept your application for early benefits when you're 61 years 9 months. Regardless of how old you are, the agency generally recommends that you apply three months before you would like the first payment to arrive.
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When to apply for Social Security retirement benefits If your birthday is December 15 th and you are already over age 62, your first payment should arrive on the third Wednesday of the month following the month in which you apply. (If you're already on Social Security, or receive both Social Security and Supplemental Security Income (SSI) payments, you may receive them on a different date.)
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User Tips--FAQ Reminders: 1  You must be at least 61 years and 9 months old to apply for retirement benefits. 2  If you are already age 62, you may be able to start your benefits in the month you apply. 3  You should apply for benefits no more than four months before the date you want your benefits to start.
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How to Apply For Social Security and Retirement Benefits 1 Filing early will decrease how much money you receive each month. Use a benefit calculator to figure out the difference in your case.  Accrue delayed retirement credits. For each month between age 62 and age 70 that you wait to apply for RIB, Social Security will increase your benefits by a certain percentage.
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Retired Early? Social Security Disability Eligibility Here's why: 1  SSDI benefits can be paid up to 12 months before your application date (called backpay, or retroactive payments), if you were disabled that far back. 2  If you are found disabled, you are no longer penalized for taking Social Security early retirement.
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User Tips--FAQ Be careful to start your entitlement neither too early nor too late. Social Security encourages you to apply 3 to 4 months before you want to start your entitlement. So in the above example, if you apply in September 2016, be sure to establish your entitlement month as December 2016.
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When and How to Apply for Medicare The basic rule: apply for Medicare when you turn 65. There is an open enrollment period which starts 3 months prior to the month you turn 65 and extends 3 months past the month you turn 65 (a 7 month window). If You Already Receive Social Security Benefits.
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Social Security: 4 Reasons To Collect As Soon As You Can With Social Security, you never run out of money. For many of us -- people born between 1943 and 1954 -- our regular retirement age is 66. You're eligible to start receiving Social Security as early as age 62. But you suffer a penalty.You can also delay taking Social Security until age 70. Then you get a bonus. The penalty for taking Social Security early is a little over 7 percent a year, and the bonus for delaying is also slightly over 7 percent a year.ith Social Security, you never run out of money. For many of us -- people born between 1943 and 1954 -- our regular retirement age is 66. You're eligible to start receiving Social Security as early as age 62. But you suffer a penalty.
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Benefits Planner: Retirement You cannot apply for benefits yet. The earliest date you can apply is 4 months before you want your benefits to start. We cannot process your application if you file for benefits more than four months in advance.he earliest age at which you can begin receiving your Social Security retirement benefits is 62. You can apply for your benefits 3 months before you turn 62 if you want your payments to start at that age.
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- 1 are at least 61 years and 9 months old; 2  are not currently receiving benefits on your own Social Security record; 3  have not already applied for retirement benefits; and.  want your benefits to start no more than 4 months in the future.