How Can Social Security Be Claimed in Winfield?

How Can Social Security Be Claimed in Winfield?

If you have been working for the past few decades of your life, there is no doubt that retirement is sounding pretty sweet, and not just for the relaxation. When people who have worked for a long enough amount of time to earn work credits retire, they are entitled to monthly retirement benefits. How much your benefit amount is depends on a number of things, including how much you earned during your career and when you start claiming benefits.

If you are approaching retirement age in Winfield and have questions about how Social Security can be claimed, at Harvest Social Security QA, we have answers. To learn more, sign up for a free workshop near you today.

When Can I Claim Social Security Benefits

In order to be eligible to claim Social Security benefits in Winfield, you must have earned at least 40 work credits during your working years. Credits are given based on your earnings, with a maximum of four credits given per year.

In addition to having accumulated work credits, you must also be at least 62 years old. As a note, you can claim Social Security benefits on the record of a spouse if you are at least 62 years old and your spouse is eligible for retirement benefits even if you have not earned work credits on your own record.

What Strategy Is Best for Claiming Social Security Benefits?

Just because you can claim benefits starting at age 62 doesn’t necessarily mean that this is the best strategy. In most cases, if you have the financial means to do so, waiting until you reach full retirement age at the very minimum is ideal. If you can, waiting until you reach at 70 is superb. The longer that you wait to start collecting your Social Security retirement benefits, the greater your benefit amount will be. If you start claiming your benefits before you reach full retirement age, your benefit amount will be reduced in order to account for the additional months that you are claiming benefits. The opposite is true when you wait to claim your benefits until after you have reached your full retirement age.

What Other Types of Social Security Benefits May I Be Able to Claim?

Depending upon who you are and your circumstances, there may be other types of Social Security benefits available to you. These include:

  • Spousal benefits (mentioned above);
  • Benefits on the record of an ex-spouse;
  • Disability benefits; and
  • Survivors’ benefits.

Each benefit type is unique, and can provide a huge amount of financial assistance. Because benefits cannot always be received concurrently, it is important that you understand which benefit type meets your needs, and how you can best maximize your benefit amount.

Sign Up for a Free Social Security Workshop Near Winfield Today

We understand that you likely have dozens of questions regarding how Social Security benefits can be claimed. We also understand that you no doubt want to get the greatest benefit amount possible.

At Harvest Social Security QA, we have the answers you are looking for. Attend one of our free Social Security workshops near Winfield today to learn more.

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

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Harvest Social Security QA 930 W. US-30
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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.