Applying for Social Security Benefits at 62: What You Need to Know

Are you thinking about filing for Social Security benefits at age 62? Many people choose to file as soon as they become eligible to start receiving payments. But filing for retirement benefits early comes with significant consequences that will affect your monthly income for the rest of your life. Before you make a decision, be smart and contact an experienced Social Security disability law attorney. It is important to understand your options, including whether you might qualify for Social Security Disability Insurance (SSDI) benefits instead of just reduced retirement benefits.

Filing for Social Security Benefits at 62

The Social Security Administration (SSA) allows you to apply for retirement benefits as early as age 62. However, doing so means you will receive a permanently reduced monthly benefit. If you wait until your full retirement age (FRA), which varies depending on your birth year, you will receive your full benefit amount. For those born in 1960 or later, FRA is 67, meaning that filing at 62 results in a 30% reduction in benefits.

You can apply for Social Security retirement benefits online through the SSA’s website, over the phone, or by visiting a local Social Security office. Unlike other benefit programs, applying for retirement benefits does not require legal representation. However, speaking with one of our experienced Social Security attorneys at The Keener Law Firm can help ensure you are making the best financial decision for your future.

What Are the Long-Term Impact of Early Retirement Benefits?

While it may be tempting to start collecting benefits as soon as possible, the long-term consequences of early filing can be significant. If you claim benefits at 62, your monthly check will be permanently reduced compared to what you would receive if you waited until FRA. The reduction is designed to account for the longer period over which you will be collecting payments. While this may work for some people, others may regret the lower monthly income later in retirement, especially if they live longer than expected.

Filing early can also impact the amount a surviving spouse receives if you pass away. Since survivor benefits are based on your retirement amount, taking reduced benefits at 62 can lead to a lower payout for your spouse in the future.

Are You Filing Early Due to Health Issues?

One of the most common reasons people apply for Social Security benefits at 62 is difficulty working due to health problems. If you are in this situation, you should consider whether you qualify for Social Security Disability Insurance (SSDI). Many people are unaware that SSDI pays the full amount of benefits you would be entitled to receive at FRA if you qualify based on your medical condition and work history.

Applying for SSDI instead of early retirement benefits provides several significant financial advantages. Since SSDI pays at the full retirement rate, it allows you to receive a higher monthly benefit without the permanent reduction that comes with early filing. Additionally, if you qualify for SSDI, you may also become eligible for Medicare after a 24-month waiting period, providing valuable health coverage before you reach age 65.

Why You Should Consult a Social Security Disability Attorney

Social Security laws and regulations are complex, and it can be challenging to determine which benefits you qualify for without professional assistance. While applying for retirement benefits at 62 is relatively straightforward, failing to consider your eligibility for other benefits can cost you money each month for the rest of your life.

The attorneys at The Keener Law Firm have extensive experience helping individuals determine their eligibility for Social Security benefits. If you are thinking about applying for early retirement but struggle to work due to a disability, we can assess whether you may qualify for SSDI instead. Our team understands the government’s complex requirements and can guide you through the process, ensuring you don’t leave valuable benefits on the table.

The Application Process for SSDI

If you decide to apply for SSDI instead of early retirement, the process is more involved. Unlike retirement benefits, which are based solely on your work history, SSDI requires proof that you have a disabling condition that prevents you from working. The SSA uses a strict definition of disability, requiring evidence that your condition is severe enough to prevent you from performing any substantial work for at least 12 months.

The application process includes submitting medical records, work history information, and other supporting documents. Unfortunately, many applicants are denied on their first attempt due to incomplete applications or lack of sufficient evidence. Working with a qualified Social Security disability attorney from The Keener Law Firm can increase your chances of success, as they can help you gather the necessary documentation and build a strong case for approval.

What Happens If Your SSDI Claim Is Denied?

If your SSDI claim is denied, you have the right to appeal. The appeals process involves several levels, including reconsideration, a hearing before an administrative law judge, and further appeals if necessary. Many claims that are initially denied are later approved upon appeal, but the process can be time-consuming and difficult to handle without legal assistance.

The Keener Law Firm has successfully represented thousands of clients in SSDI appeals. Their attorneys understand what the SSA looks for in a claim and can present your case in the best possible way. Whether you are applying for benefits for the first time or need help with an appeal, their team is ready to assist.

Making the Right Social Security Choice for Your Financial Future

Deciding when to apply for Social Security benefits is one of the most important financial decisions you will make. While applying at 62 may seem like an attractive option, the permanent reduction in benefits can significantly impact your long-term financial security. If you are experiencing health issues that make it difficult to work, applying for SSDI may be a better option that allows you to receive your full retirement benefit amount instead of a reduced payment.

Before filing any Social Security claim, it is always best to consult with a knowledgeable Social Security disability attorney. The Keener Law Firm is dedicated to helping individuals understand their options and maximize their benefits. Their team can evaluate your situation, explain your eligibility for different types of Social Security benefits, and guide you through the process to ensure you receive the maximum amount possible.

Contact The Keener Law Firm Today

If you are thinking about applying for Social Security benefits at 62, don’t make the decision without understanding all your options. The Keener Law Firm is here to help you determine the best course of action based on your unique situation. Whether you need assistance with an SSDI claim, an appeal, or simply want to discuss your eligibility for benefits, their experienced team is ready to provide the guidance you need. Call The Keener Law Firm today for a free consultation and let them help you secure the benefits you deserve.