5 Best Ways for Claiming Social Security


Many people will find themselves approaching retirement age. Whether you are nearing the time or still working, it is important to know ways to file an l&i claim for social security. It is necessary to plan and take steps to provide the best results. One of those preparatory steps is determining when you can claim social security. Whether you retire at 62, retire at an early age due to disability, or retire at any other age, there are several ways that you can calculate what your monthly benefit amount will be.

You may have heard about the economic insecurity of Social Security. However, this is a federally sponsored program and is available to everyone. To claim your benefits, we will tell you five ways to do so. If you have just begun working for a company with a retirement plan, you can elect not to participate in Social Security and enter into your employer’s plan instead.

Work at Least the Full 35 Years:

Many people think that they will retire at age 62 and collect social security benefits. However, if you want to maximize your monthly payments, it is important to work until you are eligible for full retirement at age 67. The maximum benefit for someone who has worked 35 years or more of their life is $2,743 per month. A person who retires before this will see their benefits reduced by 32% each month they receive them early.

The sooner you’re filing l&i claim for social security, the more benefits you’ll receive. But if you retire earlier than the full 35 years and claim an early benefit, your monthly payments will be reduced. Planning can help you avoid this problem.

Get more Benefits at the Full Retirement Age:

The amount of money you can claim in Social Security benefits at full retirement age varies according to the year one was born. People born in 1937 or before can file an l&i claim up to $2,788.58 per month. People born after 1937 have a slightly lower maximum monthly payout of $2,513.44 for people aged 62 when the year starts and have not yet turned 70. 

Maxing out earnings to reach those required for claiming Social Security is easier now than ever before. First, as of April 1, 2016, Social Security benefits you can claim as early as age 62. Second, the retirement earnings test no longer applies to anyone who has attained their full retirement age (FRA) and made less than $15,720 in the year prior.

Delay Retirement:

The United States Social Security Administration offers many different options for people to collect their earned benefits. One of these options is delaying retirement. The longer you wait before you retire, the more money you will get in your monthly benefit payment. For example, waiting just one year past your full retirement age can add 8% to your monthly payout. The average long-term return on stocks has historically been about 7%.

Delaying retirement increases the monthly income that you will collect from Social Security. The number of benefits increases with your age, but not by very much for people who are 75 or older. 

Spouse Retirement:

Spousal benefits provide higher-earning spouses with the opportunity to collect some of their retirement benefits and those of their spouses. It can create a more financially secure retirement for both of you and give you peace of mind that one spouse will be cared for after the other has passed on.

Avoid Taxes of Social Security:

Social Security is an important part of achieving financial security in retirement, but not all Social Security benefits are taxable. The only time the benefits received from Social Security are taxable is if they are paid to you as a beneficiary of someone who was receiving Social Security for at least 10 years. If you are the beneficiary of a spouse, child, or parent who had their Social Security benefits taxed because they were receiving them for at least 10 years, then your benefits may be taxable.


It is important to remember that filing l&i claim Social Security benefits when you’re ready and not deferring the decision to a later date will provide significant financial and emotional benefits. Claiming at the appropriate time will also give you peace of mind and help ensure that your future needs are met.

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