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When you're ready to start claiming Social Security retirement benefits, including spouse benefits, or apply for survivor benefits or Medicare coverage, the Social Security Administration makes it...
not currently receiving benefits on your own social security record unable to work because of a medical condition expected to last at least 12 months or result in death have not been denied ...
Applying for Social Security benefits is a major financial decision, and deciding when to do it can have significant effects on the amount of money you receive in retirement and when. Learn: 6 ...
A smart strategy is to work long enough to offset your low earning years so you can guarantee a bigger Social Security payment. Your benefit amount is based on your highest 35 years of earnings .
SGA does not include any work a claimant does to take care of themselves, their families or home. It does not include unpaid work on hobbies, volunteer work, institutional therapy or training, attending school, clubs, social programs or similar activities: [6] however, such unpaid work may provide evidence that a claimant is capable of substantial gainful activity. [7]
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The second explanation is that low-income workers claim benefits earlier than high-income workers, on average. Their primary insurance amount is notably lower than that of those who wait until age 70.
Your Social Security retirement benefit will be determined based on a combination of your earnings record and the age at which you claim benefits. The maximum benefit depends on the age you retire.
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