Failing to enroll in Medicare on time can result in penalties (higher premiums – permanently), so it’s important to understand how/when to apply for Medicare.People can collect benefits as early as age 62 or as late as age 70 (or anywhere in between). Some ways to do this include maximizing your earnings before you retire, working longer, delaying your benefits, and taking advantage of spousal benefits.Many people underestimate the impact that Social Security benefits will have on their retirement. Social Security rewards you for delaying your benefits. Since you were born on January 28th, you legally attain retirement age on February 1st and are eligible for benefits beginning in February.However, Social Security benefits are paid in the month following the month for which they are due so you will receive your first check on March 1st.Starting in 2013, the SSA requires you to receive your Social Security benefits electronically. Establishing your disability with the federal agency to qualify for Security Supplemental Insurance or Social Security Disability Insurance requires an application process. That being said, a person can begin receiving benefits when they are 62 years of age or at age 60 if they are a widow or widower who has not remarried.It is recommended that individuals contact Social Security three months prior to the date they would like benefits to start to go over options available. If your entitlement date (the period when an individual meets the minimum age of retirement) is in July, your first social security check will arrive in August.It is recommended that any individual who is able to delay collecting Social Security until their retirement age do so. To learn more about direct deposit and how to sign up, The first person to receive monthly Social Security benefits was Ida May Fuller.
My question is when will I receive my first Social Security check after I have applied for benefits? However, to receive your full retirement benefit, you will need to wait until your Since Social Security makes up a large portion of retirees’ income, it’s important to maximize your benefit as much as possible. Thank you.The Retirement Income Coach is not connected with, affiliated with or endorsed by United States government or the Social Security Administration. How long does it take to start receiving Social Security Retirement benefits after I apply for them? For social security income, the youngest age you can apply is 61 years and nine months old. You can call the SSA at 1-800-772-1213. (2) He was shocked to receive his first benefit check two months later. When will I receive my first Social Security check? As a result, they either collect benefits too early, or fail to take advantage of filing strategies that could benefit their family.
For example, those born after 1960 have an official retirement age of 67.
I met a man who, as suggested, filed for Social Security three months before he would reach age 66. Will I receive it in February since my birthday is in January, or will my first check arrive in March? This is a common question we get when we do a full Social Security Benefit session.. “When will I receive my first check”. However, if you are not already receiving Social Security, you will need to contac the SSA to apply for Medicare. Social Security checks are normally paid on the second, third and fourth Wednesdays of each month.
To find the closest office, visit the website at If you are already collecting Social Security when you turn age 65, enrolling in Medicare is usually automatic. A: Thank you for your question. You must be age 62 for the entire month in order to receive retirement benefits. There are three ways to apply for Social Security:2. If you are considering retiring from the workforce in the near future, one of the most important things you'll need to know is how long it will take for you to start receiving your Social Security retirement benefits after you apply for them. While it generally takes approximately six weeks for an application to be processed, it is advisable for you to initiate the process three months before you want to receive your first benefit payment.
The official retirement age is determined by the year in which a person was born.
Miss Fuller applied for Social Security on November 4, 1939.
There are many factors that go into how much money you are entitled to, how much money you will receive and when. The Social Security Administration provides insurance that offers disability benefits. For many people Social Security is the only retirement benefit that they can count on, while others will add this income to distributions from other retirement accounts they have funded throughout the years.