14 thoughts on “Social Security Benefits”

  1. Great perspective on this topic! Social Security Disability (SSDI) is difficult to get. My husband survived a ruptured brain aneurysm and wasn’t able to go back to work. When he was finally awarded SSDI, it was a huge help!

    1. Hi Kathy,

      Welcome to Stretch A Dime!

      Thank you. So sorry to hear regarding about your husband’s brain aneurysm rupture. I am glad to hear that he survived and SSDI has kicked in.

      Hope to see you more here.

      –Michael

  2. I did sign up for an account, and you’re right, it’s super easy.

    One of our biggest challenges with Social Security will come up in a few years (provided rules don’t change drastically) because Jon will become eligible while Little Bit is still a child. So we’ll need to decide whether the extra money we can get because she will be under 18 for several years makes up for the lower draw Jon would get over his lifetime if he takes it early.

  3. I have to admit that I knew it was online but hadn’t done anything with it. With snow in the forecast it looks like tomorrow will be an excellent day to make sure that my records with SSA are correct and that I haven’t had any identity theft.

    Thanks for sharing!!!

  4. I was just discussing this at lunch with a couple of friends. I am convinced that no one in their 20s will receive a social security benefit, and I certainly would advise people to not expect to get one! But as it stands today you are correct there are benefits available and it does make sense to understand them, especially if you are nearing retirement.

    1. Hi DC,

      Of course, the Social Security benefits will go through reforms. However, I don’t see the benefits (retirement, disability, survivor’s benefits) completely going away.

      –Michael

    1. Hi Laurie,

      Nice to see that you are tracking your social security earnings. Of course, the Social Security benefits will go through reforms. However, I don’t expect to see the benefits (retirement, disability, survivor’s benefits) completely going away.

      –Michael

  5. Thanks for the information, Michael. Up until very recently there were more benefits available for married couples with the “file and suspend” tactic. But they’ve done away with that. And I’m sure it’s a sign of more changes to come. Knowing when to take Social Security benefits is key and it’s not one size fits all.

    1. Hi Mrs. Groovy,

      Knowing when to withdraw is tricky – there are several factors in play – life expectancy, retirement savings, etc. It is a very personal decision.

      I wasn’t aware of the “file and suspend” tactic. I need to look it up 🙂 Yep, rational reforms are required to keep the program going.

      –Michael

  6. Great primer on SS, Michael. I’m sure Mrs. Groovy set up our online accounts with SS already. I’ll have to double-check, though. Having a my Social Security account is, for the reasons you stated, very important.

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