Site icon Can I Retire?

Who is Eligible to Receive Social Security Benefits?

social security

Social security benefits are not just for those who are retired. Social security benefits may also be received by spouses, ex-spouses, children, and certain individuals with disabilities. Let’s take a look at who is eligible for social security benefits.

Can I Receive Social Security Benefits?

Working and paying social security taxes allows you to earn “credits” toward social security benefits. Generally, you earn 4 credits for each year you work and pay into social security. To receive social security benefits, most workers need 40 credits, which is equivalent to about 10 years of work. To determine if you are eligible for social security benefits, we recommend you visit the Social Security Administration’s website. Learn more about how social security benefits are calculated here.

Can My Spouse Receive Social Security Benefits?

Spouses of working individuals may receive benefits even if he or she has never worked outside of the home. The earliest your spouse can begin to collect is when he or she reaches 62 years old. If your spouse chooses to wait until he or she attains full retirement age, he or she can receive up to ½ of your social security benefit.

Can My Ex-Spouse Receive Social Security Benefits?

Your ex-spouse may be able to receive social security benefits based on your working record. This can occur even if you have remarried. A few instances include:

For more information and to view requirements, please visit the Social Security Administration’s website.

Can My Children Receive Social Security Benefits?

If you reach retirement age and have unmarried children under the age of 18, or 19 that are still in elementary or secondary school, they may be able to receive social security benefits based on your benefits. Additionally, children with certain disabilities may receive social security benefits. It is important to note that benefits paid for your child will not decrease your retirement benefit. For more details, please visit the Social Security Administration’s explanation of children’s benefits.

Let’s Talk

Are you interested in learning more about how social security will impact your retirement? We can assist with social security planning and determine which social security strategy is best for you. Are you trying to decide if you should take social security at age 62? Or if you should wait until age 70?

Let’s talk. Set up free no pressure and no obligation meeting.

 The information contained on this Website is not intended as, and shall not be understood or construed as, financial, tax, or professional advice. The information contained on this Website is not a substitute for any advice from a professional who is aware of the facts and circumstances of your individual situation. We have done our best to ensure that the information provided on this Website and the resources available for download are accurate. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation.  Neither the Company nor any of its employees or owners shall be held liable or responsible for any errors or omissions on this website.

Exit mobile version