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Posted in: Benefits on May 29th, 2012

Social security disabilityEventually in our lives we will reach a point when we come into contact with the Social Security Benefits program other than through that tax line on our paycheck.  It is often put on the backburner and surprisingly, many people do not fully understand the system.  If you fall into this category, this short post is here to help you begin to understand the benefits that will be (if they are not already) coming your way.

A Look at Social Security Eligibility

When do you become eligible for Social Security?  The earliest age that you are eligible to receive S.S. Benefits is the age of 62, but by taking on your benefits this early will also cost you a penalty.  Full retirement age for individuals is at the age of 67 years old.  You do, however, have the ability to wait until you are 70 before you begin claiming Social Security benefits and receive an increase of 8% in your benefits for every year that you delayed your retirement.

What are disability benefits of Social Security and who is eligible?  It is not like a workman’s comp program where one may receive partial disability payments or short-term disability payments.  Social Security only pays out for long-term disability situations where you are no longer to perform the work that you once were and that will last for at least up to one year.

If you are having trouble deciding if you are eligible for disability benefits then consult a Social Security lawyer on the matter.  They have the experience and knowledge to help you with the matter at hand.

Social Security Disability News

Find recent news, information and resources about social security benefits. Discover what you need to know about how to win your benefits case.

For Dallas Bankruptcy news, trends, resources and more check out our sister site at http://leebankruptcy.com

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