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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...
Image source: Getty Images. 1. Spousal benefits. Social Security doesn't just take care of older Americans who paid into the system. It also takes care of their spouses, or ex-spouses.
You can receive more detailed information about documents needed to apply through the Checklist for Online Medicare, Retirement, and Spouses Application. Social Security: Your Benefits Could Be ...
The first Social Security office opened in Austin, Texas, on October 14, 1936. [11] Social Security taxes were first collected in January 1937, along with the first one-time, lump-sum payments. [9] The first person to receive monthly retirement benefits was Ida May Fuller of Brattleboro, Vermont. Her first check, dated January 31, 1940, was in ...
Workers in Social Security covered employment pay FICA (Federal Insurance Contributions Act) or SECA (Self Employed Contributions Act) taxes and earn quarters of coverage if earnings are above minimum amounts specified in the law. Workers with 40 quarters of coverage (QC) are "fully insured" and eligible for retirement benefits.
Image source: Getty Images. 1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January ...
The Social Security Administration treats an application for SSI to also be an application for any Social Security benefit for which the individual is eligible. In general, however, SSI differs from Social Security because SSI pays benefits to individuals who have limited income and resources.
For example, say you're entitled to $2,000 a month in Social Security at age 67, but you sign up at age 62 instead. That reduces your monthly benefit to $1,400.
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