Monday, June 29, 2015

Deciding when to begin receiving Social Security benefits is a complicated decision

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Deciding when to begin receiving Social Security benefits is a complicated decision. 

You'll need to consider a number of scenarios, and take into account factors such as both spouses' ages, estimated benefit entitlements, and life expectancies.

A Social Security representative can't give you advice, but can help explain your options.

You also have the right to retain a social security benefits attorney to represent your case. 

According to some statistics, claimants that have been represented by attorneys have become more successful in receiving their benefits. Following this fact, you must consider the advantageous points regarding having an attorney to represent your disability claim.

It is very simple to become eligible for social security benefits. You need to accumulate at least forty social security credits during your working life to qualify for the minimum social security income.  You can earn a maximum of four credits in a year, and the amount of earned income needed to obtain a social security credit is set each year. 

For example, in 2011 you need to have at least $1,120 of earned income to obtain one credit.  This makes it fairly easy for most people to obtain the four credits each year and qualify for the minimum social security benefits after 10 years of working.

All people who want to avail or to receive Social Security benefits must first submit an application and wait for its approval. 

However, there are various instances wherein denial of Social Security application occurs and necessary steps can be taken by a person in order for an application to be reconsidered.




from SOCIAL SECURITY BENEFITS EXPLAINED - Blog http://ift.tt/1GIT4ZT

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