Getting money from the Social Security Administration in retirement is becoming a priority for many workers. Even if it is supposed to be a supplement, more and more retirees rely on these monthly benefits.
Therefore, it is of vital importance to make the most of your Social Security benefits while you can. For example, getting well-paid jobs, paying the correct payroll taxes, retiring at 70, and working for 35 years can allow you to get more than those who do not achieve this.
The Social Security Administration has prepared a few questions for you to answer. It will only take you a few minutes and you will see if you are eligible for retirement benefits.
CHECK ELIGIBILITY FOR SOCIAL SECURITY RETIREMENT OR DISABILITY BENEFITS
Americans can claim disability or retirement benefits when they have paid enough taxes to the Administration. Some can be eligible on their own record, but spouses and children may qualify on their spouse or parent’s record if he or she passes away.
So, if you have a disability or are getting close to the age of 62, you can check your eligibility online. In this way, you will see if you can collect retirement payments worth up to $4,873 (seniors) or up to $3,822 (disability) in 2024.
The first question to check your eligibility for average payments worth $1,907, smaller or higher ones in 2024 has to do with your age. Tick the select the box to say if you are an adult or not.
Then, the Social Security Administration will ask you about your birth date. In this way, they can check if you qualify for one benefit or another. Then, tell SSA if you have had jobs and paid taxes to the Administration.
TELL THE ADMINISTRATION IF YOU GET PAYCHECKS NOW
Apart from informing Social Security if you had jobs in the past, you should also state if you collect checks now because you are still working. Remember that only those who have worked for at least ten years can get retirement benefits.
In ten years, you must have earned at least 40 work credits. For example, you can get 4 work credits per year and its price is $1,640 for 1 in 2023. Besides, Social Security needs to know if you get SNAP, TANF, or any other benefits.
If you do not work and get no other benefits, tell Social Security about it. Do not forget about your marital status. It is not the same to be married or not, so make sure you select the right option. After answering all these questions, they will tell you the benefits you can collect.
Visit https://www.ssa.gov/prepare/check-eligibility-for-benefits?clickedExit=1&utm_source=social&utm_medium=twitter&utm_campaign=smt-retirement-24&utm_content=conversion to find it out. Another way could be to get an annual statement from Social Security, it may be easier and faster.