Social security benefits start date

How long does it take to get your first social security check? Should you start social security at age 62? Your birthday falls on August 10th, so a few months before that you file for benefits. There have been a number of articles on this recently. Hypothetically it can be done.

I believe the benefits would begin on her 62nd birthday and owed benefits from then would be in her first check or direct bank deposit.

However that is an early date for social security benefits and her monthly benefits will be reduced from. One of the questions asked when I want my benefits to start. Your monthly benefit amount will be different depending on the age you start receiving it.

If you choose to: start your benefits early, they will be reduced based on the number of months you receive benefits before you reach your full retirement age. You got your check a few weeks later than other people with an earlier-in-the. Generally, the day of the month you receive your benefit depends on the birth date of the person on whose record you are collecting. Benefits By Year Of Birth. Full retirement age is the age at which a person may first become entitled to full or unreduced retirement benefits.

Another important date to know is when you should apply to make sure.

What and when you collect will make a huge difference to your lifetime benefits. Once you have applie it could take up to three months to receive your first benefit payment. When deciding when to start benefits , you also need to consider inflation. Some people have told me I need to file six months ahead of time.

They said it takes that long for the government to do anything right. The details are excruciating, but the basic point can be understood via an example. Social Security benefits are paid monthly, starting in the month after your birthday. How the SSA Decides Your Onset Date. Retirement benefits can begin the first month a person is age throughout the entire month.

If you receive only SSI, you will receive your benefit on the first of the month. The payment dates vary based on your date of birth. The unfortunate result is that many retirees lose out on valuable benefits , generally because they choose to start to collect too early. So, if your first month of benefits is due in May, you can expect your first direct deposit to occur in June—on the secon thir or fourth Wednesday of the month according to the day-of-birth schedule above.

The first thing to understand is that the concept of “full retirement age” is a moving target that depends on your birth year (see table below). The window to start receiving a check is eight years wide. The SSA bases this date on medical records, work history, applicant.

You could receive your full. Average in more working years.

Therefore, the date of entitlement to disability is subject to a waiting period. After you apply for social security benefits a notice is sent with a date that you should receive the payment. Step 3: Know the rules about when to start the application process.