Deciding Between Early Retirement or Disability Benefits

Deciding Between Early Retirement or Disability Benefits

It typically gets easier for individuals to prevail on disability benefits claims as they get older, especially when they are over the age of sixty. This is based in part on the general premise that the Social Security Administration (SSA) will consider that it may be more difficult for older workers to enter new workplaces. Even so, some elderly individuals opt to pull their retirement benefits early rather than try to apply for disability benefits for several reasons. The process to apply for disability benefits may scare some people, while others may be concerned that receiving disability benefits would reduce the amount of benefits they are entitled to receive. An experienced disability attorney can help you understand the advantages and disadvantages to applying for disability benefits.

Impact of Taking Early Retirement Benefits

Despite the concerns that individuals may have about applying for disability benefits, there are downsides to consider about taking retirement benefits early. First, if you take your retirement benefits before you reach the “full retirement age” (66 and 2 months for people born between 1/2/1955 and 1/1/1956), the amount of your future retirement benefits will be permanently reduced. The amount that your benefits will be reduced depends on how many months before the full retirement age you decide to start pulling your retirement benefits. This is known as a “reduction factor.”

Compare the above scenario to applying and receiving Social Security Disability Benefits (SSDI). If you get SSDI, you would receive a benefit equal to what you would otherwise receive at your full retirement age. In awarding you a benefit, the SSA looks at how much money you have paid to them during your lifetime to determine your SSDI. This means that if you receive SSDI before your full retirement age, your SSDI will simply convert to retirement benefits once you hit full retirement age. Unlike the former scenario, taking SSDI before the full retirement age will not reduce your future retirement benefits.

Applying for SSDI Instead of Taking Early Retirement Benefits

Elderly individuals who choose to take early retirement benefits may want to consider the potential for a “disability freeze” if they are awarded SSDI. If you receive SSDI, you will get the benefit of a “disability freeze.” This means that in order to calculate your monthly disability benefit, the SSA will not take into account any low earning or zero earning years during the time period when your disability impaired your ability to work at full capacity.

Contact Our Experienced Disability Attorneys Today

It is difficult to understand the pros and cons of taking early retirement benefits versus applying for disability benefits. The experienced Mount Pleasant attorneys at Klok Law Firm LLC can help walk you through both options and help you complete your disability benefits application.

Contact us today for a free consultation.

30 Comments
  • Investigations Toronto
    Posted at 13:17h, 08 January

    Easy to check out, readable…heck I had developed to leave a commment!

  • Datherine
    Posted at 03:39h, 18 January

    I’m quite pleased with the inframotion in this one. TY!

  • ดูบอลสด
    Posted at 08:57h, 31 January

    743851 868408One can undertake all sorts of advised excursions with assorted limousine functions. Various offer wonderful courses and a lot of can take clients for just about any ride your bike more than the investment banking location, or even for a vacation to new york. ??????? 840663

  • VIP Escorts
    Posted at 16:13h, 09 February

    416953 452681I would like to see far more posts like this!.. Great weblog btw! reis Subscribed.. 486980

  • Dorene Dzledzic
    Posted at 01:49h, 15 February
  • social media Star goes too far
    Posted at 06:42h, 16 February

    Hello! I just wanted to ask if you ever have any problems with hackers?
    My last blog (wordpress) was hacked and I ended up losing
    a few months of hard work due to no backup. Do you
    have any methods to prevent hackers?

  • Austgex
    Posted at 21:05h, 22 April

    Prescriptions In Canada Ivermectin For Sale From Great Britain Walmart Cephalexin viagra Cialis Online Cs Cheap Generic Antabuse Disulfiram

  • Austgex
    Posted at 01:32h, 02 May

    Cheap Viagra viagra Real Levaquin Ups With Free Shipping Store New Hampshire Azor Viagra Rezept Online

  • Austgex
    Posted at 23:34h, 05 May

    Viagra Vente QuСЂВ bec Kamagra Gold Side Effects No Rx Kamagra Bestellen Deutschland

  • Austgex
    Posted at 04:18h, 15 May

    Propecia Kjope Vendo Cialis Originale Is Cephalexin A Form Of Amoxicillin viagra Kamagra Brighton

  • Austgex
    Posted at 09:50h, 31 May

    Purchase Direct Macrobid Cystitis Online Drugs Shop Viagra Ipertensione Polmonare Buy Silagra In India Viagra Cialis Levitra Effetti Collaterali affordable Cipro Without Prescriptions

  • Austgex
    Posted at 16:22h, 02 June

    Propecia Spermiogramma levitra shipped from us 60 Mg Xenical Weightcheaphonk Kong Nolvadex Cycle

  • Kelunfots
    Posted at 08:00h, 03 June

    Diflucan Without Prescription 150 Mg Viagra 25 Prix En Limoges viagra Sale Secure Ordering Macrobid 100mg Las Vegas Ciallis To Purchase Clomid Over The Internet

  • RandEvini
    Posted at 19:38h, 03 June

    Acheter Viagra Dollar Canadien Propecia Mental Side Effects Cialis En Francais canadian pharmacy cialis 20mg Tadalafil Expedited Levitra With Dapoxetine Sublingual Viagra 150 Mg

  • LesMutt
    Posted at 15:32h, 06 June

    Buspar Online cialis Bentyl Tab Saturday Delivery Testicoli Propecia

  • Austgex
    Posted at 04:59h, 09 June

    Produit 1 Bula Amoxil Bd Us Pharmacy Selling Toradol Zithromax Child Dose Kamagra Laboratorios

  • Kelunfots
    Posted at 01:42h, 13 June

    Amoxicillin Info Propecia Kidney Pain Levitra Ohne Kreditkarte generic cialis overnight delivery Amoxicillin Dosage Skin Infection

  • Austgex
    Posted at 12:19h, 13 June

    India Drugs Vpxl Propecia Male Fertility Baldness cialis 5mg Top Canadian Pharma Companies

  • Austgex
    Posted at 03:04h, 16 June

    Tab Online Isotretinoin Delivered On Saturday Florida Amoxicillin Pediatric Dosing Order Low Priced Chlamydia Antibiotics cialis dose achat Commander Cialis Generic Difference Between Proscar Propecia Propecia Buy Uk

  • RandEvini
    Posted at 01:58h, 17 June

    Propecia Low Price Canadian Viagra Et De Dapoxetine order cialis online Levitra Vardenafil Bayer

  • LesMutt
    Posted at 05:27h, 20 June

    Was Kostet Priligy Mit Rezept Online Cialis Prescription Take Amoxicillin Before Dentist Visit

  • Kelunfots
    Posted at 19:33h, 25 June

    Cialis Crea Adiccion viagra How Good Is Amoxicillin For

  • Austgex
    Posted at 12:27h, 27 June

    No Prescription Trazodone 50 Mg generic propecia for sale Keflex 250 Mg

  • RandEvini
    Posted at 07:36h, 29 June

    Propecia Cancer Risk Benign Prostatic Hyperplasia cialis Comprar Cialis En Sevilla Pastilla Cialis Efectos Tadalafil 5mg Generic

  • Austgex
    Posted at 00:13h, 02 July

    25 Mg Cialis Prednisone Online With No Script cheapest cialis 20mg Caratteristiche Levitra

  • Austgex
    Posted at 08:48h, 04 July

    Uk Lasix Zithromax Vs. Amoxicillin cialis canada Mejor Dia Para Tomar Propecia

  • LesMutt
    Posted at 17:46h, 04 July

    Pristiq Dutasteride With Free Shipping Online Cash Delivery Levitra 10mg En Baisse cialis price Methylprednisolone Interact With Keflex Direct Amoxicilina Purchasing

  • Kelunfots
    Posted at 22:13h, 08 July

    Best Life Rx cialis canada Buy Prednisone Online No Prescription Cheap Propecia Dosage Hair Loss Male Pattern Baldness Pour Amoxil D’

  • RandEvini
    Posted at 01:23h, 12 July

    Does Nolvadex Cause Hair Loss Vidalista cheap cialis Female Kamagra

  • Austgex
    Posted at 23:04h, 13 July

    Alcohol Y Viagra buy viagra Amoxicillin Caps Zithromax Children Cialis Y Otros

Post A Comment