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Dimitry K., Esq.
Dimitry K., Esq., Attorney
Category: Social Security
Satisfied Customers: 41221
Experience:  Licensed in multiple jurisdictions, experienced business attorney.
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i am turning 65 on 8/31 how do i receive my social security

This answer was rated:

i am turning 65 on 8/31

how do i receive my social security checks?

Dimitry K., Esq. :

Thank you for your question.

Dimitry K., Esq. :

Please permit me to assist you this afternoon.

Dimitry K., Esq. :

If I may ask, did you formally file with the SSA and pursue formal retirement yet?

Dimitry K., Esq. :

If not, the Social Security Administration is not going to start sending you checks right away--you would have to first file with them and puruse their application so that your actual benefit could first be calculated.

Customer:

i did apply for and have received my medicare.

Customer:

i havent done anything with social security

Customer:

i dont plan on retiring soon. i receive income from investments and from board of director dues

Dimitry K., Esq. :

Those are somewhat separate from one another, an applicant can receive social security and not medicare, or vice versa

Customer:

gotcha

Dimitry K., Esq. :

If you aren't yet planing on retiring, you won't yet receive social security payments

Dimitry K., Esq. :

Reason is social security payments are somewhat income dependent

Dimitry K., Esq. :

once you receive your benefit, there are wage limitations imposed on you on how much you can earn without it affecting and lowering your monthly checks.

Customer:

assume my income from board dues and investments is over 100,000 a year

Dimitry K., Esq. :

that is why many choose to not reitred right away, it freezes their amount of benefit in place, and with employment causes the checks to get lowered

Dimitry K., Esq. :

then you'd lose all your SSA benefits, without qustion

Customer:

sounds like i should hold off

Dimitry K., Esq. :

That is correct

Dimitry K., Esq. :

and the longer you hold off the larger your benefit will become

Customer:

thanks, XXXXX XXXXX worth it :)

Dimitry K., Esq. :

it will can grow even from 65 to 70

Dimitry K., Esq. :

:) glad to hear it

Dimitry K., Esq. :

Please let me know if I can assist you in any other way

Dimitry K., Esq. and other Social Security Specialists are ready to help you

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