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Social Security
U.S. citizens know that after a life of hard work and dedication to duties and chores, retirement is coming and there is the time to cut back on responsibilities and give way to the pleasant things like family and hobbies. At the same time, many U.S. citizens were never able to enjoy their retirement because of mistakes that happened while calculating their Social Security. In order to avoid such a surprise before you are able to fully enjoy the time you deserve, consult a Social Security lawyer to ensure your numbers add up.
How is Social Security calculated?
When calculating the amount of your Social Security,
there are certain factors that are taking into account. This means that your
Social Security is based on your date of birth, the type of benefit applied for
and the amount of earnings.
In order to get a detailed estimate for all your
Social Security retirement, disability or survivorship benefits, contact your
local Social Security Administration office. Upon completion of your SSA-7004
form, you will receive your personal statement vial snail
mail.
Social Security and earning limits
For any
persons over the age 65 there is no earning limit. However, for all other people
younger than 65 who collect Social Security retirement there is a limit. For the
year 2004, the earning limit had reached $11,640 and for every $2 earned over
the limit, your benefit is reduced by $1. For all people age 65 the earning
limit is $31,080 and $1 is withheld for every $3 above the limit.
If you
have filed for Social Security, but your claim has been denied, we advise to
consult one of our Social Security attorneys. With adequate representation and
help you are more likely to receive benefits as well as past due benefits. Once
a claim has been denied, the only way for a second chance is following the route
of appeal. Lastly the case will be brought before an administrative law judge at
a special Social Security hearing.
Hot Topics of Social Security
include:
- Disability Compensation
- Supplemental Security income
- Personal earnings and benefit estimate
- Reduced retirement benefit
- Social Security Administration
