Key Takeaway: Social Security benefits are calculated based on a person’s earnings record, which contains information about their earnings and the Social Security taxes they have paid throughout their working life. The 35-year rule for earnings ensures that a person’s highest-earning 35 years are used to calculate their benefits, even if they have worked longer…
Key Takeaway: Eligibility for social security benefits depend on several factors. These include age, work credits, and disability or survivor benefits. Age-based eligibility for social security benefits begins at an early retirement age of 62, with full retirement age at 66 or 67 depending on birth year. Delaying retirement can result in increased benefits with…
Key Takeaway: Determining eligibility for Social Security Disability benefits involves meeting both medical and work eligibility requirements, with a focus on proving that a medical condition prevents the individual from earning a substantial gainful income. The Social Security Administration calculates Social Security Disability benefits by using a formula that takes into account the individual’s primary…
Key Takeaway: You can start receiving Social Security benefits as early as age 62, but your benefits will be reduced if you start before your full retirement age. Your full retirement age depends on the year you were born and ranges from 66 to 67 years old. There are earnings limits in place if you…
Key Takeaway: Individuals can earn up to a certain limit and still receive Social Security benefits. The earnings limit varies based on age and filing status, and it is adjusted annually for inflation. For 2021, the earnings limit for Social Security recipients is $18,960 for those who have not reached full retirement age. If an…
Key Takeaway: Receiving a letter from Social Security may be due to changes or updates to benefits, request for additional information, notification of eligibility for benefits, verification of earnings history, notification of overpayment or debt, request for appeal or review of a decision, notification of changes in policy or law, or notification of fraud or…
Key Takeaways: You can check if your social security number is suspended by contacting the Social Security Administration or reviewing your credit reports and beneficial records. There are various reasons why your social security number may be suspended, including errors in your report, identity theft, or fraudulent activity. If your social security number is suspended,…
Key Takeaway: Claiming Social Security Benefits is a legitimate way to get money using your Social Security Number. Retirement Benefits and Disability Benefits are two common types of Social Security Benefits you can apply for. Social Security Loans, such as Personal Loans and Payday Loans, are another option for getting cash using your Social Security…
Key Takeaway: To request a denial letter from Social Security, gather all required documents related to your initial application process, including medical records and forms. The reasons for denial could vary from incomplete information to not meeting the eligibility criteria. If you have been denied, you can appeal the decision by providing additional information or…
Key Takeaway: Professional opinions in support of social security highlight its benefits for individuals in providing a stable and secure income during retirement, as well as for society as a whole in reducing poverty rates and promoting economic stability. Social security also provides important disability and survivor benefits, which protect vulnerable populations and contribute to…
Key Takeaway: Social Security fraud refers to any action that involves lying, cheating, or stealing to obtain Social Security benefits illegally. This includes failing to report changes in circumstances, making false claims, and stealing benefits intended for someone else. The consequences of Social Security fraud can be severe and include penalties and fines, imprisonment, and…
Key Takeaway: Social Security benefits payments are typically made on a monthly basis The exact payment date depends on the recipient’s birthdate, and payments are usually made on the second, third, or fourth Wednesday of the month To be eligible for Social Security benefits, you must have earned enough work credits and be at least…