Social security is the name of a government welfare program that was established to make it easier for people to save enough money to retire after they reach a certain age. When an individual works, a portion of each of their paychecks is going to be put into the social security system. This money is collected to provide for people who are already receiving benefits, people who are disabled, people who are surviving by a loved one who has passed, or people who are the dependents of a beneficiary.
Every year that you work and pay social security taxes, you are going to earn a credit towards receiving Woodstock Social Security benefits when you retire. You are required to work for at least ten years and receive 40 credits in order to qualify for retirement benefits. The only exceptions to this would be if you are applying for disability or if you are receiving benefits because your provider passed away.
In order to start receiving benefits you must reach what is known as your full retirement age. Technically, you can start receiving benefits 5 years before that time. However, the amount of Woodstock Social Security benefits you receive will be 20 to 30 percent less than what you would have received at your full age of retirement. There is nothing wrong with wanting to receive your benefits early, you just need to make sure that is what you want because it is not a decision that can be undone later.
Actually receiving benefits for retiring is a pretty regular procedure that does not usually require consulting a law firm such as Nash Disability Law. In fact, most people reserve reaching out to a law firm and hiring a lawyer for when they are apply for survivor benefits or disability benefits. You are entitled to retirement benefits, so the government will not deny you those as long as you qualify for them. Disability and survivor benefits are something that the government has been known to make it a little more difficult to receive and sometimes it is just easier to have a lawyer fight on your behalf when you get rejected.
