We all have heard this before, you are only able to claim your social security benefits after 62. That is the earliest age and if you are anywhere between the 60 – 70 years mark, it makes you eligible. Since you have so many options, one wrong step could cost you hundreds of dollars in your SSDI or SSI payments. Here’s a few tips to consider to strategize the time and claims of your application to make life after retirement as secure as it can get:
- Maximize benefits: You can do this by delaying your social security as much as you can unless you really need it. You can start your benefits 3 months early than age 62 that is if you are currently 61 years and 9 months old. If you are not really disabled or in urgent need of that money, you can delay claiming your benefits as they would only increase overtime with the tax deductions made through your income.
- Minimize losses: You can do this by drafting out the best social security disability plan.
It may be that you are an adult with not enough income resources, and may not qualify for social security disability (SSDI) since you have not been paying taxes regularly through your paycheck deductions for social security disability insurance (SSDI) payments. Said the case, you will become qualified under the supplemental security income (SSI) program since you are a person with limited income resources.
Your best strategy before claiming any of the above mentioned benefits before retirement would be to know which do you qualify under. You can contact our attorneys directly at our Disability Advocates Group Law Firm (DAG) or you can read more on how to successfully apply for your benefits here.