Millions of seniors use Social Security to pay their retirement bills, and luckily it's fairly easy to apply for benefits. However, if you are wondering if this process will happen automatically, the answer is no.
The reason? There is no uniform age for social insurance. Beneficiaries receive a time window of eight years to apply for benefits starting at the age of 62 and ending at the age of 70. (In fact, you do not even have to file until 70 years, although there is no financial reason to wait beyond this point.) There are different effects and benefits associated with submitting applications at different ages. However, the decision to use services is not one that the Social Security Administration (SSA) can make for you. Instead, you must weigh the pros and cons of filing at different ages to land on the right page.
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Making the Best Decision on Submission  Your social security benefits are calculated after the highest 35 years of income, but the age at which you apply may cause this number to rise or fall. If you submit at full retirement age (FRA) – which is 67 years for anyone born in 1960 or later – you will receive exactly the monthly benefit at which you receive your earnings. If you submit to FRA, your benefits will be reduced for each month you apply early. And if you postpone benefits through the FRA, you increase it up to the age of 70 by 8% per year. Therefore, waiting over 70 is not paying off: you will no longer increase your benefits.
Because it's there If your submission decision has financial implications, you'll need to carefully review your decisions. It is important to remember how much you rely on social insurance to cover your retirement expenses. If you've saved well, you can take advantage of them so you can use them to travel or enjoy life when you're still relatively young. However, if you have low savings, you probably want to increase these benefits or at least avoid a reduction.
Your health should also play an important role in your decision on the filing of applications. Although Social Security is technically designed to give you the same total lifetime regardless of when you filed your first filing (the logic that an early claim is made reduces your payments, but you get more of it, while a late one Filing increases your payments but you get less), which is only the case if you have an average life span. If your health is bad and you think you are younger, it is usually best to seek benefits as soon as you are able. And if you expect a longer life than most, you should register as late as possible.
Claiming Your Benefits
Regardless of when you sign up for Social Security, you should not expect these benefits to become available overnight. It may take several months for your application to go through. For example, if you want to earn benefits at the age of 67, you should apply at the age of 66 and 9 months.
The easiest way to get social security is online through the SSA website. You can also apply by phone or in person at your local Social Security office. However, you may need an appointment if you choose the second route. Be sure to make the decision and thank your lucky stars for giving them the flexibility to benefit at a time that's best for you.