Supplemental Security Income (SSI) is for folks with disabilities or who’re 65 or older with little to no revenue and resources. Although the names sound comparable and the Social Security Administration runs the program, it does not fund SSI.

The absolute earliest you can begin claiming Social Security retirement benefits is age 62. However, claiming before your full (or regular) retirement age will end result within the payout being permanently lowered.

If you obtain or will obtain Social Security advantages, you may need to open a “my Social Security” account. This online account is a service from the SSA that lets you keep observe of and handle your SSA advantages. You can also make changes to your Social Security document. This hypothetical instance, which assumes an individual turning sixty two in 2020, is calculated by Fidelity Financial Solutions Team based on data and methodology printed by Social Security Administration as … Read More