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How Can Social Security Be Claimed in Lakes of the Four Seasons?

How Can Social Security Be Claimed in Lakes of the Four Seasons?

Knowing your plan for claiming Social Security benefits when the time comes is an important part of mapping out your future. However, because there are multiple different strategies for claiming Social Security benefits, you may not be sure which method is best for you, or even what the options are! At Harvest Social Security QA, we know that Social Security questions can be confusing. That’s why we offer free Social Security workshops to those living in Lakes of the Four Seasons and surrounding areas.

Ways to Claim Social Security

If you have earned enough work credits–at least 40–and you are at least 62 years of age, you can begin claiming your Social Security retirement benefits anytime that you want. However, just because you can start benefits as early as 62 doesn’t necessarily mean that you should start benefits. In fact, in many cases, waiting until you reach full retirement age or later is better. Here’s what you need to know about how your benefits will be affected by the age at which you claim Social Security—

  • If you claim at age 62 (or anytime before reaching full retirement age)…. If you claim your benefits starting at age 62, this can pose benefits and disadvantages. The obvious benefit is that you get to start receiving a monthly benefit check; the disadvantage is that this check will be reduced in order to account for the number of months that you are claiming benefits before reaching full retirement age.
  • If you wait until full retirement age… Another option that you have is to wait until you reach full retirement age, which is sometime between 66 and 67 for most, depending upon the year you were born. If you wait until full retirement age, you will receive 100 percent of your benefit amount. This is a good way to ensure that you get the full benefit amount to which you are entitled.
  • If you wait until after full retirement age… The third option that you have is to wait until after full retirement age, up until age 70, to begin claiming your benefits. The downside to this is that from age 62 to age 70 (or whenever you start claiming benefits), you will not receive a monthly benefit check, which could pose financial complications for you and your family. The good news, however, is that the longer that you wait to claim benefits, the greater your benefit amount is.

Other Ways to Claim Social Security Benefits in Lakes of the Four Seasons

Did you know that it’s not only your own record that you can claim Social Security benefits through, and it’s not just Social Security retirement benefits that are available? Spousal benefits, benefits for ex-spouses, disability benefits, survivors’ benefits, and more are all available.

Learn More About How Social Security Can Be Claimed

It is important that you have a developed understanding of how Social Security can be claimed. If you have questions, we have answers. To get all of the information that you need, sign up for one of our free workshops near Lakes of the Four Seasons today. Our workshops are designed to provide you with valuable information and give you an opportunity to pose your questions to financial professionals.

No Charge to Attend! Seating is limited, so sign up today!

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Harvest Social Security QA 930 W. US-30
Schererville, IN 46375
Phone: (219) 864-5050

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Hours: Mon-Fri 9am-5pm CST

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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by Harvest Financial Planning, LLC to provide information on a topic that may be of interest. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.  Harvest Financial Planning, LLC Is Not Associated With The Social Security Administration Or Any Government Agency.