You Can't Get Social Security at 62 (Here's Why)

Рет қаралды 661,296

3 жыл бұрын

It’s a shock to some people when they find out they can’t receive Social Security benefits as soon as they turn 62.
The SSA has A LOT of strange rules. But there’s one that takes this to a whole new level and its called the “day before” rule. This rule says that your Social Security birthday is the day before your actual birthday. This has a lot of impact in the Social Security system including a big impact to when you can receive Social Security benefits. secure.ssa.gov/apps10/POMS.NS...
🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥
📍We can show you how to retire with confidence! 📍In our Retirement Roadmap plan, we can help make your retirement savings last longer and reduce your taxes by coordinating your Social Security filing strategy, retirement account withdrawals, and Roth conversions. 📞Schedule your call and see if this plan is a fit for you. www.devincarroll.com/roadmap
🎤 If you're preparing for retirement or already enjoying it, you'll definitely want to catch my podcast, Big Picture Retirement. Your retirement's success hinges on seeing the "big picture" and tying together your legal, tax, and financial strategies. On the show, we dive deep to offer insights on effective planning, and I'm joined by my co-hosts - attorney John Ross and yours truly, financial planner Devin Carroll. www.bigpictureretirement.com/
➡️ Want to hire Devin and his team? -- www.carrolladvisory.com
Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn:
✔The Most Important Factors to Consider BEFORE You File for Benefits
✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy
✔Why This Is The Biggest Decision of Your Retirement
Access the workshop today at this link
www.devincarroll.com/SSessent...
➡️ Get a copy of my best-selling book, Social Security Basics, here -- amzn.to/2twsABZ
➡️ Social Security Questions? Join my FREE Facebook Group! / 428684237572614
📜 HEAR YE HEAR YE: Some of my videos contain links to third party products, apps, and services. If you click through, I may receive a small referral fee to my media company (Carroll Media Properties) through their referral program. Rest assured, I only recommend products or services that I believe will be helpful and informative to my audience.
⭐⚠️⭐Please read this⭐⚠️⭐
⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇
-----------------------------------------------------------------------------------------------------

Пікірлер: 1 300

@DeTar62 5 ай бұрын

Been working since I was 15. Retired from a 37 year career. My parents were dead at 68, 2 siblings dead before 54, all of them from cancer. I’m 62 this year, yep I’m gonna apply for SS this year at 62.

@scotttracy9333 4 ай бұрын

Hopefully you'll be around a lot longer than your family members. Peace out my brother ✌️

@billballoo7881 2 ай бұрын

Same but I'm also doing it because they will be insolvent in 9 years. Going to get as much of MY money back out as I can.

@deanrotering879 Ай бұрын

@@billballoo7881no chance. Congress won’t want to all lose their jobs

@billhammer9241 15 күн бұрын

Government says it cuts your happiness 30 percent unless you wait til 67, but they give you bonus happiness if you wait til 70. Funny how they don't figure in how much misery you pay for it in those pending years working still. They boldly imply that money is happiness then tell you that you need to stay on that rat wheel.

@garyK.45ACP 2 жыл бұрын

I retired at 62. I filed my claim 3 months before my 62nd birthday. It was approved within about 3 weeks. Your retirement benefits start the month AFTER you 62nd birthday and are paid in arrears, so my birthday was in September, my official retirement was October 1 and my fist check was in November. What about loss for early retirement? I my case I lost about $500/mo. BUT, I received my reduced retirement benefit for 52 months....about $98,000. I would have to live until age 83 to break even. One has to make their own assessment of that. Not only that, but I dedicated that money to paying off a home mortgage (which I did) and now SAVE over $700 month in a house payment. AND money saved is TAX FREE, you get to keep all of it. It is an individual decision, but I never looked back. Excuse me, I have to go fishing.

@paulajohnson6409 2 жыл бұрын

You also have to look at loss of income as well. Early retirement only allows you to earn 18,000 a year without penalties. At 62 I will only get 1300 a month but if I wait til 70 I will get almost 3,000 a month.

@thullraven1 2 жыл бұрын

@@paulajohnson6409 So? It's different for everyone. People with health conditions probably want the early retirement so they can travel or do things they enjoy before their conditions make that impossible. I have been diagnosed with heart disease. I feel fine, and I see a doctor. The vast majority of my family members died in their 70s. I may or may not take it at 62, but I sure won't wait until full retirement age just to get more money. That would be foolish given my family history and personal diagnosis.

@paulajohnson6409 2 жыл бұрын

@@thullraven1 Sorry to hear about your health situation. That is a big factor to consider. I'm a diabetic and have artery disease too. I'm approaching 60. My mom passed at 61 her mom at 65 my grandmother's sister at 80 and my great grandmother liked one month to her 100th birthday. So there's a wide life expectancy age range there. I just don't want to draw too early and live longer than expected and be in the poor house. Wish I had a more solid means of retirement. But life happens along the way such as raising kids and going to college etc that stands in the way of saving early for retirement. I'm just going to have to play it by ear each year and not jump in with both feet at 62. Hope I'll live to be 80. Determined to do so.

@thullraven1 2 жыл бұрын

@@paulajohnson6409 I hope you live over 100! I have two residual streams of income that won't go away and I'm debt free. I OWN everything I have, including my 500 hp beast of a daily driver and my home. I'm actually retired now, but too young to draw SS. I have a third stream of income that disappears as soon as I turn 62. IF I am financially OK and my health is holding up, I MAY wait until 64 or 65 to draw at the latest. We'll see. 🙂

@paulajohnson6409 2 жыл бұрын

@@thullraven1 That was sweet of you to hope I live to a 100. In my situation Social Security is my sole source of retirement. I've been silver stacking since 2020 as a 2nd source of retirement. It came in handy this year because I had to liquidate some silver for a Stent placement. My job doesn't offer retirement whatsoever and not even sick pay. I work as a nurse so jobs will always be available. My home will be paid of at 65 and my car will be paid off at 64. Guess Social Security age all depends on each individual's situation. I hope to be able to work til I'm at least 67. That's just 7 more years to draw the maximum Social Security. Actually I've seen many people thrive off work and they pass a year or two after they retire. And I've seen nurses work in their late '70's and thrive even with health issues. Often wondered if there's anything to working and living a long life. Most important thing is to enjoy our jobs. We work a third of our life daily and most our lives over the years. To enjoy life's work is a blessing.

@dianesullivan5338 2 ай бұрын

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.

@PennyBergeron-os4ch 2 ай бұрын

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@PennyBergeron-os4ch 2 ай бұрын

SONYA LEE MITCHELL is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@Dougs-Ear-Hole-Entertainment 2 жыл бұрын

I'm taking it at 62 because my dad waited until 67 got 2 checks and died. Sure its 30 percent or so less, but I'd rather take a reduced payout over the long term than wait for a few larger checks and die.

@Ed-sh8jt Жыл бұрын

Its a good point unless he was making much more working and he needed to take care of some last expensive purchases before he hit 67.

@whatistruth1155 Жыл бұрын

Agree.

@ritamaroney5473 Жыл бұрын

Exactly..

@franklinj1038 5 ай бұрын

Your on the right track there

@randymillhouse791 5 ай бұрын

Fork yes!

@margarettalbot8486 2 жыл бұрын

Took my ss at 62. Am now 81 and still kicking. I did have HER2 positive cancer at 75 but came out great after a year of chemo. I am glad I made the right decision to move in early. With COVID and all the other stuff that's happening I would do the same again.

@randyk7699 3 жыл бұрын

I am taking it as soon as I can! 62 here I come!

@Suzy63 2 жыл бұрын

I went to the SSA website and applied before turning 62. It was a very simple process.

@bruceeigsti5274 Жыл бұрын

So insurance? That's my biggest obstacle my company had great insurance only reason I would keep working

@davidhickenbottom6574 5 ай бұрын

Good to know thanks

@rob068 14 күн бұрын

Did you have to upload your birth certificate for them? Did they give you a hard time?

@Suzy63 14 күн бұрын

No, I didn't send my birth certificate. It was easy.

@ObamAmerican48 3 жыл бұрын

I'll be 61 in July. I've worked since age 17. Never been married. Wages restricted by being a single ♀️ and a career in human services. My retirement plan is to buy a teardrop trailer with my 401K $$ and live on the road with what I think will be roughly $1900/mo SSI. All I need or want is a comfortable bed, a reliable car, TV & internet, and a wet bath in my trailer. That's it. Warm months up north, cold months down south. On the grid but out of the rat race.

@samuelfink4799 3 жыл бұрын

After watching both my parents lead a meager life only to die within the same year with a net worth just greater than a million dollars it caused me to reflect on my on life. I will be 53 in July and just had one knee replaced so your plan sounds great to me. Do it while you can and have fun!

@lorihale129 3 жыл бұрын

Good 4 u..im single too & my plan is in my retirement years( 2025) is to travel south to the beach during the year, keep a pt job somewhere & short adventures..so yes enjoy that plan!!!!💞

@lorirogers6730 3 жыл бұрын

Just please don’t confuse Social Security with SSI.

@derrickhoward2904 2 жыл бұрын

I heard that and I feel the same way. I'm 58 1/2 and I'm entitled to my ex wife benefits that I can start getting at 60. Those penalties before 66 is wrong!! Should I wait until 66 or start at 60?

@kenpatton8761 2 жыл бұрын

I‘ll be 65 in July also. Been lookin at campground costs and it looks like most campground are running between $30 to $70 per day with full hookup. So unless you are planning on boon docking a lot be prepared to pay roughly $900 monthly at minimum. I have access to military base rv sites and they are charging $25 per day. State parks are running $30 daily if you can get in. I just tried Custer State Park in the Blackhills and they’re already sold out. I have a truck camper so I can boon dock easily. Good luck and happy camping.

@LearnToSurvive574 3 жыл бұрын

Lets be honest they keep raising the age soon they will want you to work till the day before you die so they can keep the money

@thomassmith9844 3 жыл бұрын

My guess is ssi won’t be around when I want to retire in 14 years at 62

@annalisacovington2265 3 жыл бұрын

AMEN AND IF YOU DON'T GET IT AT 62 IT WILL GO TO THE ILLEGAL IMMAGRANTS!SO WHY NOT?

@randykinard5847 3 жыл бұрын

Get a lawyer. Fuck them.

@leert2698 3 жыл бұрын

You seem to have a handle on the situation.

@PlanePreacher 3 жыл бұрын

Keep the money! They have already spent it!

@georgenasuta875 3 жыл бұрын

I started collecting at 62 last year I did not want to wait.

@standdown4929 3 жыл бұрын

A lot of ppl are retiring at 62. I will be also in 8 months from now.

@nickv4073 3 жыл бұрын

No you didn't. You started collecting at age 62 and two months. Did you even watch the damn video?

@georgenasuta875 3 жыл бұрын

@@nickv4073 You are a loudmouth I am sure .why would you think I would think I would get a check on my birthday. And no did not watch the damn video. The title was BS

@Now_lets_get_this_straight 3 жыл бұрын

I’m actually glad there are people out there that think like you because that keeps the system going longer being able to pay me more by me delaying it and living past the break even point. As long as I look both ways before crossing the street, I should be able to do that given my families past age longevity.

@squirrelcovers6340 3 жыл бұрын

@@nickv4073 WRONG. Go to the actual SS instructions age.

@philliprose415 3 жыл бұрын

Never underestimate the governments ability to take something simple and screw it up and make it complicated!

@talicatinai2637 3 жыл бұрын

maybe I definitely agree to guess how the government is probably screwing the American people over the deadly results of an erecrion , if you get what I meant .

@ianhumphry1 2 жыл бұрын

Everything the government is involved in is screwed up. Look at education. The constitution makes no mention of the government running education, housing, health care, etc. There are about 13 things enumerated to the federal government, everything else should fall under the 10th ammendment and be ran by each state, even social security isnt included, its a forced retirement account. I would rather have everything i paid into it all at once.

@jimroscovius 2 жыл бұрын

And you lose money. It makes 3%, but inflation is higher than that. Only the government could get people all excited about a plan that loses money.

@destinyreturns4885 2 жыл бұрын

Amen to that

@davidlafleche1142 2 жыл бұрын

Social Security is a Ponzi scheme and Roosevelt knew that when he started it.

@skydancerforever Жыл бұрын

Yes, i turned 62 end of May. Applied for retirement in early May for retiring July 29th.(last day i worked) Received my 1st check from SS in the 4th week of September. So there is a waiting period depending on what day your birthday falls on. Best thing i ever did! Don't wait until your dead or almost dead to get your money. Best thing you can do at 55 is plan for retirement at 62 and get all your living cost down so you can comfortably live on SS wages and what ever else you have coming to you. If you must you can still work part time for extra income if needed while retired. You just can't go over a certain amount.

@Fuzzmom903 Жыл бұрын

Absolutely!!

@PitchToTheRhino1 Жыл бұрын

You can go over the amount, but you'll be taxed almost 50 percent of what you'll make.

@franklinj1038 5 ай бұрын

Smart skydancer dance on

@ga6589 3 жыл бұрын

I’m no genius, but I was able to retire at 62 and start collecting SS without complications . The SS website spells it all out and I wasn’t expecting my first check on my birthday. Not rocket science.

@oneantasgreathouse1318 2 жыл бұрын

Me too

@connied8374 2 жыл бұрын

Me too

@marthaanderson2346 2 жыл бұрын

Me too.

@rendaterry8624 2 жыл бұрын

THANK YOU!!!! BECAUSE I AM CONSIDERING RETIRING AND I NEEDED THIS🥰

@mad6127 2 жыл бұрын

He clearly says you might not get your first check for about 2 Months After you turn 62, unless birthday falls on the first or second than your first check comes about 1 1/2 months after Birthday.... Plan for the Delay

@maverick5059 3 жыл бұрын

You have an excellent delivery and the information if very clear. Great work. Please keep the information coming.

@DevinCarroll 3 жыл бұрын

Thank you! Will do!

@efandmk3382 3 жыл бұрын

I have other pensions and retirement plans that I had been able to tap, one at 55, and one at 60. So, at 62 I decided to stop working and apply for Social Security. The rules are very similar to the rules for Medicare. If you want your payments to begin when you're 62, you apply 90 days BEFORE your 62nd birthday. Social Security always pays ONE MONTH IN ARREARS. So if your 62nd birthday is on March 4, the payments actually begin in April. It isn't complicated.

@standdown4929 3 жыл бұрын

Thanks, good to know

@edwinvonborstel3405 2 жыл бұрын

Can I apply for Medicare at 64 and will that affect if I apply for social security at 70

@rickjames7639 2 жыл бұрын

I apply for my Social. Security 90 Days before I turn 62. My Birthday May 24th and I did not receive my first check until July 26? Why was that’s ?

@rugbymike60 2 жыл бұрын

@@rickjames7639 because you're Rick James bioch!

@jimroscovius 2 жыл бұрын

@@rickjames7639 Because you have to be eligible for a full month, which was June. Therefore, your first payment was in July. Simple.

@tonynes3577 3 жыл бұрын

Don't depend on the government to keep it simple. Or, just don't depend on the government.😪💰🤔😱

@qvorhies3575 3 жыл бұрын

Not depending on gov, just looking for what I paid in. Since they wouldn't let me invest it, cuz you know, too dumb.

@jerry171460 3 жыл бұрын

Government raised retirement age for a reason!

@davidwoods358 3 жыл бұрын

Took mine in 2019 at 62. I wanted to make sure I got a little something before it's gone. The way this administration is going I have to wonder if the whole system is going to implode soon.

@SmallSpoonBrigade 2 жыл бұрын

Honestly, it wouldn't be an issue for you, it's for people in their 30s and younger that won't not get their full retirement from social security. They've already been increasing the retirement age to ensure that the trust doesn't run low on money, but that means that people are losing out on potentially years' worth of benefits.

@Peachy08 2 жыл бұрын

Don't let the thumbnail scare you. I got mine at 62. I turned 62 mid April and got my first check the first of June.

@Seafarer62 4 ай бұрын

yeah, the title is definite click-bait.

@dragonflyj 3 жыл бұрын

You explain in a such easy and uncomplicated way. Subscribed!

@Dstrbrdgrnd 3 жыл бұрын

I turned 62 on Dec 2, 2013. I applied for SS in Sept 2013. Got my first check Jan 2014. No problems. And I applied 3 months before my b’day!

@sandrastroomer4988 2 жыл бұрын

same here

@richard8242 2 жыл бұрын

They always underestimate us 12/2 guys and gals

@wayneforbes7671 3 жыл бұрын

Your great! I need to get your publications. I've been subscribed for about six months and have learned many things. Now I've found out that my birthday, November 2, plays a big roll on my retirement date. Thank you!

@DevinCarroll 3 жыл бұрын

Best of luck!

@kenmrock9334 2 жыл бұрын

Mine’s is Nov.1 so this video helped.

@arturogomez7915 3 жыл бұрын

Retired at 62 right on time. The pandemic hit on Feb I retired on march.

@boydmking1 4 ай бұрын

Wow! We had a "pandemic" and I didn't even notice anybody dying until the cure came out . .

@clairemoore9012 3 жыл бұрын

Thanks for sharing. You are appreciated very much.

@davidparker5345 3 жыл бұрын

I retired at 61 and started my social security at 62 !!!!!!The first payment shows up a bit later but YES YOU CAN START AT 62!!!!!!!!!!!!!!

@Gruñón92 2 жыл бұрын

Why are you screaming?

@davidparker5345 2 жыл бұрын

@@Gruñón92 that was clik bait with a misleading title that needs to be drowned out with some loud typing BM

@Gruñón92 2 жыл бұрын

@@davidparker5345 I see

@LostInThe0zone 3 жыл бұрын

"I wish I could say this was the most convoluted rule the Social Security administration had, but it's not." 😆

@homerwashington8118 3 жыл бұрын

and we all knew he would end with, "but it's not". lol

@dr.davidschwartz1872 3 жыл бұрын

Very educational - thank you for sharing!

@hanksweeting4117 3 жыл бұрын

Great advice I Love this one God bless you and your family

@toneycollins6377 3 жыл бұрын

Well that's news to me! My birthday is on the 2nd, I guess I'll be waiting an extra month or two before I go out.

@NoMoreTears64 3 жыл бұрын

Such a complicated mess! I'm just going to apply for survivor's benefits and let them take whatever they are going to take. I work full time and will be over their poverty threshold. I dont care if they give me only 100.00. Its 100.00 that I will recover on my ex spouse who passed away and he WANTED me to take what was ours!

@captainamericaamerica8090 3 жыл бұрын

GET WHAT YOU CAN

@debbiewilson4123 3 жыл бұрын

You can take the widow benefit at age 60

@ttlilfeet3211 3 жыл бұрын

Or 50 if your disabled

@robbynv9900 3 жыл бұрын

Great information I much appreciate it love your content.

@lebbiechung2529 3 жыл бұрын

Very clear. Thank you for the information.

@seventhchild7270 3 жыл бұрын

This is why they say to apply 90 days ahead for your retirement....

@wayneneva1 3 жыл бұрын

I wonder how long it takes SS to start up benefits? Do you know?

@karenhardie1132 3 жыл бұрын

I applied in January. They told me I won't get my first check until June. Apply really early!

@fivestar3655 3 жыл бұрын

My step father was upset as to why his first payment would not come till September this year. ( born mid July). Now I can explain to him why. Thank you

@SmallSpoonBrigade 2 жыл бұрын

You should have explained to him that it was just a month, younger workers are going to have to wait years.

@BullseyeBob1 4 ай бұрын

I took it at 62. The break even I calculated was about 77 years old. If I make it that far with all the craziness, Covid and god knows what that’s coming let alone SS bankruptcy. I figured get what you can as fast as you can and know that your expenses will be severely less than at 62 once you are in your 70s. So far, my plan has worked to perfection. 👍

@lynngrissom6721 4 ай бұрын

I was 62 on October 14, retired on the 28th of that month, received my first check on the 3rd Wednesday of the following month. Been retired 14 years now.

@ronalderb9692 2 жыл бұрын

But, you're still getting Social Security at the age of 62. Your title states differently. I got mine at 62, so this is all nonsense.

@thomasbranson8796 3 жыл бұрын

I turned 62 in May of last year, and I filed for and got my social security instantly. I started drawing the next month.

@thomasbranson8796 3 жыл бұрын

That is weird, my birthday is may 26. I got my first check at June 3 Rd.

@deanrotering879 Ай бұрын

They make you wait a month

@Turnitupluber 3 жыл бұрын

Heritage wealth recommendation. I’m glad I checked you out. Good info.

@Laborkei 3 жыл бұрын

Yesterday, I was listening CNBC. I did not hear all of the conversation, but they were talking about some New Bill being promoted that will allow folks like me to Retire Earlier. Part of the conversation was changes to RMD, but I was hoping they would say something about lowering Medicare as you have talked about in past videos. Something to check out Devin....

@cleonadooley8479 3 жыл бұрын

My job ended the 30th of October I was 61. The first Monday in November I applied for SS because my birthday is in December. I received my first check in January.

@westsparks6844 3 жыл бұрын

Thats exactly how it works

@dennistyler9852 6 ай бұрын

Hopefully collected unemployment too.

@chachadodds5860 3 жыл бұрын

Only the gov could complicate a birthday.

@anthonyvitanza1711 3 жыл бұрын

Good one I agree with you a 100%

@hamamizu46 3 жыл бұрын

It's complicated but it is right. You turn a year older the day before your birthday. Why? Because January 1 to December 31 is a year. January 1 to January 1 is a year and a day. Works the same for all birthdays.

@anthonyvitanza1711 3 жыл бұрын

Let me know what you🤔 think does that make any sense to you

@dipaknadkarni62 2 жыл бұрын

Thank you. People like you are humble and take care of the rest of us.

@dipaknadkarni62 2 жыл бұрын

I turn 62 this AUG/2022. I still remember when I was in my teens and 20’s. To all the young people out there enjoy yourself but do not get into debt.

@katpraeuner9794 3 жыл бұрын

I got mine on the third week of December. My birthday was November 20. I applied 3 months prior. I retired in March the next year. When my ex turned 62, I applied 3 months prior and will get it in June. His birthday was may 1st. I am 66 so i actually got more than the 70%.

@donaldmonarch1339 3 жыл бұрын

Wow, I'm 66 and got early retirement at 62. Who woulda thunk!!!

@buddybahama3938 3 жыл бұрын

The government is handing out cash to everyone but seniors. I think I'll pop out 3 kids and collect $900.00!

@captainr.8882 3 жыл бұрын

Be sure to put a (D) after your name politically so they send you 3k a month is food stamps as well.

@msbugan50 2 жыл бұрын

What about the grandparents babysitting without pay?

@johngraziani4477 2 жыл бұрын

Go toMexico, and then sneak back into the country illegally. Then you will get free healthcare, and $475;000.

@SmallSpoonBrigade 2 жыл бұрын

The money that they have been handing out to seniors is being stolen from younger workers. Where do you think the money for those cost of living allowance raises come from? Here's a hint, it's not from increased money from payroll taxes, payroll hasn't been keeping up with inflation. Perhaps a bit of gratitude that the folks that were screwed over by retirees are now the ones being stolen from to give what benefits there are.

@branmichaluk445 2 жыл бұрын

@@msbugan50 If you're a grandparent and babysit your exempt from social security?

@revbikerbigd8664 3 жыл бұрын

Always learning from ya, many thanks!

@DevinCarroll 3 жыл бұрын

Thanks for watching!

@GSXSF-250 4 ай бұрын

Thank you for explaining this matter.

@clarice1001nights 3 жыл бұрын

Do you work at all with Expats? and in what capacity?

@MilesCobbett 3 жыл бұрын

When I called SS and asked the guy told me to apply several months early. I did and my first check came about 2 1/2 months after I had my 62nd birthday.

@MrMaziar58 3 жыл бұрын

And I sent mine on June 3rd in 2020 and still waiting mind you I was born in august 1958

@BlackheartCharlie 3 жыл бұрын

Thanks for this very useful information! Great to hear about your REAL WORLD experience, instead of someone saying "... well, I've heard that if you..."

@marklandry3709 3 жыл бұрын

Made 62 5/23, will be getting first check 7/28, so yes about 2 months!

@yfa6244 2 жыл бұрын

@@karenhardie1132 That's foreboding for us that are waiting, it probably will be nonexistent for people like me who don't want it till 70.

@karenhardie1132 2 жыл бұрын

@@yfa6244 One never knows when your time is up. I know people who worked until they died. They didn't get to enjoy any retirement. My advice would be to retire at 62 if you can afford it. The problem comes in with health insurance. Medicare doesn’t start until 65. I left at 62 and love it.

@ethelpack6319 3 жыл бұрын

I applied for widows pension three months before I turned 60. My husbands and my birthday is July, I received my first check in august .

@julieduncan5917 3 жыл бұрын

Great knowledge to have.

@michaelhays2158 3 жыл бұрын

That's like saying you can't eat at 6 o clock when dinner won't be ready till 6:15

@dennistyler8746 3 жыл бұрын

Appetizer until 6:15

@reggiec2924 3 жыл бұрын

Thank you for sharing this information. I wonder why Social Security had to create procedures that make life more complicated.

@henryvalero9235 3 жыл бұрын

From Lil Giant Bet it saves them money, somewhere. Wait til you find out you do not get to keep the payment on the last month, when you die. Interesting problem for paying bills, that.

@Mexicobeanpole 3 жыл бұрын

@@henryvalero9235 That one is so cold. When my dad died, that months bills had been paid. My mom had to dig into savings to send that money back to the SSA. Luckily, she was able to. But, what about someone that doesn’t have the resources to find that money and send it back, after the money has gone out to bills?

@jimroscovius 2 жыл бұрын

Because it's the government, that's why. The government screws up every single thing they touch - Social Insecurity, Medicare, Student Loan system, welfare, the list goes on and on...

@July.4.1776 Жыл бұрын

Nice job Devin!

@charlesmaxim4864 3 жыл бұрын

Thanks for all your help.

@kimpliny 3 жыл бұрын

Learn something new! It doesn't affect me anymore since I had already filed at 62. Guess my wife is luck as her birthday falls on the 2nd of the month:)!. Thanks for the great information!!

@susanhagler2401 3 жыл бұрын

My husband found out I can apply at 61 he’s 62 and I can draw half of his too

@dougm1985 3 жыл бұрын

i watched this yesterday, no wait today. but yesterday for SS

@Dream-bebe 3 ай бұрын

Thank you for this information.😊

@conanlive3784 3 жыл бұрын

I'm not 62 quite yet, but grateful to even see the arguments in the Comments about when we get our benefit or whether the money was "stolen" from our paychecks all along. It means at least SS benefits will still be there when I hit 62; years ago there was so much doom and gloom about whether SS would even exist by the time I got old enough that I never counted on getting it. Just happy that it appears I will, no matter what month it starts.

@SmallSpoonBrigade 2 жыл бұрын

That right there is the key, when you hit 62. For younger workers, we'll have to be older to claim anything and every time there's a cost of living increase to the benefits, that's just that much money being stolen from our income that we could be using to invest or pay our rent with.

@angelsrone 3 жыл бұрын

I've already talked to social security I can start collecting in September when I turn 62

@jcampezzi1027 3 жыл бұрын

Government never lies.

@karenhardie1132 3 жыл бұрын

Apply early, I applied in January and they told me my first check will be in June. Six month wait.

@robbynv9900 3 жыл бұрын

@@jcampezzi1027 Lol.

@gary6463 4 ай бұрын

I turned 62 last month February .I signed up for mine.

@user-es3zh3jk5o 3 жыл бұрын

This guy is full of it. I started my S.S. at 62, no problems. Its great

@westsparks6844 3 жыл бұрын

Exactly! To begin with i cant helieve people would use KZfaq to get such important info. Go directly to social security website and set up an account. They have any question covered you may have. You can even apply for benefits online. If that doesn't help You, visit your local office. This guy in the video is full of s.....t

@jonesy4588 3 жыл бұрын

he is just some idiot that's has no clue , this is click bait

@bozo8894 3 жыл бұрын

me too. sure this fool voted for comrad biden

@josephk4807 3 жыл бұрын

He's full of crap. I got mine, so! Blow it out your as.!

@xyntrk 3 жыл бұрын

You obviously didn't watch the video. Of course you can retire at age 62 - he's just explaining how the SSA determines WHEN you turn 62 - and depending on what day of the month you were born in the year you turn 62 is when the SSA says you are 62, NOT when the calendar says you're 62. Your misunderstanding of facts presented doesn't negate those facts. It just means you didn't pay attention.

@rhondaholmes7977 3 жыл бұрын

Thanks for this information .

@DevinCarroll 3 жыл бұрын

Thanks for watching!

@carmelitalloyd6490 3 жыл бұрын

thanks Devin for the info 😊

@danieljustdaniel9550 3 жыл бұрын

I turn 62 on July 23, I get my 1st SSA check on the 3rd week of Sept and my FERS Supplement will end June.When do we get that extra $200.00

@roberttraylor1392 3 жыл бұрын

i got mine at age 55 after working 35 year i get a nice amout for ssid and retirement check

@kaceebui6140 2 жыл бұрын

Hi...how were you able to get at 55, pls? I thought the minimum required age is 62? Also, at 55, you are not qualified for Medicare, right?

@outdoorguy845 2 жыл бұрын

Great video good information thank you. personally we're talkin about a month here or a month there give or take a week, it really doesn't matter in the bigger picture. Eventually they'll pay me

@jsullivan5358 5 ай бұрын

Two years ago I turned 62, and on my birthday I talked to social security. I was getting my check 2nd month.

@karenhardie1132 3 жыл бұрын

Applied in January. They told me I will not receive my first check until June. I have to wait six months. Make sure you apply really early. Ridiculous.

@olivertaylor8788 3 жыл бұрын

Bet they didn't let you work 6 months without taxing your paycheck. They get it the first dam week you get paid.what can you expect from a government founded by felons and slave owners?

@johnscott2746 3 жыл бұрын

Karen, when is your birthday?

@SEA-U2 3 жыл бұрын

Good Point 👍

@skittles970 3 жыл бұрын

What's ridiculous is giving the government an interest free loan for 62 years

@olivertaylor8788 3 жыл бұрын

@@skittles970 The level of stupidity is beyond the pail. Between federal, state,local taxes,income tax,payroll taxes,sales taxes,property taxes,THEY GETTING IT ALL,YOURE WORKING FOR NOTHING,AND YOURE PAYING THE GOVERMENT TO SUPPORT THIS IGNORANT SHIT.WAKE UP

@tony-ce7qp 3 жыл бұрын

thank you.

@cindyallison2528 5 ай бұрын

My husband retired at 62 and 2 months. He had been a self employed house painter for the last 20 yrs. We knew he would lose money but now I know he has money coming in monthly. Before I never knew if he'd have work. He is also a 50 yr smoker. I will still work until 66, especially for I surance.

@robchandler755 3 жыл бұрын

Good info. Getting ready...

@Dumbluck14 3 жыл бұрын

Who thinks this stuff up??? We have to know their arbitrary rules inside and out or we could get burned. Also have to stay one step ahead of the medical insurance industry or get burned. Thanks for helping us stay informed.

@jclaytoncabral5106 3 жыл бұрын

Who? Criminals, that's who.

@DevinCarroll 3 жыл бұрын

This "day before" rule isn't just an SSA rule. This is part of the common law that is used in most cases. What's interesting about the SSA's use of this rule is how it impacts your benefit timing and amount.

@PrissyHippie 3 жыл бұрын

I have a question please. I am currently disabled for 10 years drawing SSDI. I am somewhat better and would like to go back to work as an RN part time. I think there is a working number and it allows me to earn $900 a month without hurting my SSDI. So I need to check into that. I'm not sure how that works. But let's say I was able to go back to work full time?... and go off SSDI. How would this affect me at age 62 when I reach retirement age? I am currently 55 years old and plan on going to work after the new year when I am 56. I would like to work myself up slowly until I am able to work full time again. I really miss working. Retirement due to disability has been horrible. I'm just uneasy how all this will affect me having been on disability for 10 years, hopefully going back to work full time, getting off disability, work until 62, then drawing social Security. Help me please!

@youngtimer964 3 жыл бұрын

Thanks Devin. I’m assuming that this “thru the month” also applies to FRA? And when I receive a payment in say October, is it a payment for the previous month of September?

@anthonygentile220 3 жыл бұрын

Thanks Devin...All of your info is great. I'm 63 (March 28, 1958) and I'm on the fence.

@DevinCarroll 3 жыл бұрын

This is not an easy decision to make. Have you watched my workshop, “How to Choose the RIGHT Age to File for Social Security”? You can access it here devincarroll.me/bestageworkshopyt

@user-kb3it8jf8t 5 ай бұрын

By 63 most people have made a decision but everyone is different try girls and boys then choose which you like better. Hope th8s helps😊

@piperv2522 3 жыл бұрын

I was told to file three months before my birthday I did that and had no trouble getting my Social Security at 62 The whole reason for this was that most people die before they get their Social Security the full amount so over half the people at my job I’ll file the same as I did I had no problems good luck

@athena3865 2 жыл бұрын

Right. Waiting till full retirement age is no guarantee you will make it that far, especially in today's world. Start receiving it as soon as you're eligible. There is no guarantee you will live another five years.

@johngill2853 2 жыл бұрын

Most people die before they get their full amount? I think you better Google how long someone who is 62 will live, your statement is not accurate

@klgjr5 3 жыл бұрын

Devin, my birthday is February 29, but when I turn 62 next year 2022 what is the Social Security Administration going to calculate my benefits start date???

@jacksonbrown5900 3 жыл бұрын

Your only 15 1/4. Your birthday only comes once every four years. 😁 (Joking, of course)

@RG-hf4et 3 жыл бұрын

Thx for these videos....!!

@marvhurley8845 3 жыл бұрын

Happened to me. June 7th Birthday. Had to wait until June 30th to sign up. Didn't get my first check until mid August.

@scubadivingrickydamiano 3 жыл бұрын

I was able to get social security benefits at age 62. I recently turned 67 a week ago. I had no choice I had to retire at 62.i went 8 yrs with absolutely no income. When I turned 62 my benefits started the last week of may it was and still isnt the full amount

@ws775 3 жыл бұрын

That would be because you took the reduced benefit by receiving early instead of the full retirement age.

@lorihale129 3 жыл бұрын

@@kbbkbbkbbkbbkbb exactly retiring early at 62 means you dont get full benefits...look at your financial situation & see if that is doable

@mitchthornton1820 3 жыл бұрын

Devin is the man ....

@DevinCarroll 3 жыл бұрын

You're making me blush...

@markmessick9856 3 жыл бұрын

Thank you for all your help,advice, iam living on SSI, iam 61 years old right now. When I turned 62 will social security automatically take me off of SSI? Or will I have to contact social security?

@fleabag2mr.151 4 ай бұрын

I retired in 2023 and turned 62 at the end of February 2023. Did all the paperwork on line 6 months before and started collecting in March 2023.

@philliprose415 3 жыл бұрын

You should get back what these theives stoled from you 100 percent regardless what age you choose to retire!

@francesvandeburgt4173 3 жыл бұрын

I agree!!!!

@skittles970 3 жыл бұрын

Nah you'd rather rob future generations

@slshock 3 жыл бұрын

@@skittles970 From what I'm seeing of this young generation are nothing more than lazy ass kids. All they want to do is watch movies and play games on their phones and computers while the government, (us hard working Americans), fund them. It's a snowball heading for hell.

@billw8476 2 жыл бұрын

@@slshock true enough! this young generation are part of the generational welfare cycle that created this gimmee gimmee free stuff culture of self absorbed dopers.

@janc8199 2 жыл бұрын

@@skittles970 No the Government will be doing that from the all the borrowing they do to pay Paul. Where is all the money from people who paid into SS all their lives, then dropped dead before, or right after collecting?

@EdBrumley 2 жыл бұрын

From my years in Business Law we learned you become a year older the day before your birthday date. The theory is that if you were born on September 9th, 1959, you will turn 62 years of age on September 8th, because there are 365 days in a year. If you were born on September 9th, you don’t have to “repeat” that day to be eligible to turn 62. You always achieve your next year of age the day before your birthdate.

@cherissef5297 3 жыл бұрын

Devin can you please do a video on when/how to file to make sure it does not start till 67? If I apply a few months earlier, worried they will do one year lower rate. . .

@jackiebell9359 2 жыл бұрын

Thank you so much! I’ve learned more from your videos than I have from anyone else! Subscribed! 😊

@shanechostetler9997 3 жыл бұрын

That’s funny, he used the example of June 6th, which happens to be my birthday.

@thullraven1 2 жыл бұрын

It's different for everyone. People with health conditions probably want the early retirement so they can travel or do things they enjoy before their conditions make that impossible. I have been diagnosed with heart disease. I feel fine, and I see a doctor. The vast majority of my family members died in their 70s. I may or may not take it at 62, but I sure won't wait until full retirement age just to get more money. That would be foolish given my family history and personal diagnosis.

@jesuscastro6484 Жыл бұрын

Good information. The example used is my birthday June 6.

@williammccaslin8527 3 жыл бұрын

Thx for the vid Devin

@DevinCarroll 3 жыл бұрын

Thanks for watching!

@tx2sturgis 3 жыл бұрын

So if your birthday is March 1, you have to reach age 248 to retire?

@conniepitts8392 3 жыл бұрын

NAILED IT.........😉😜🤣

@roustabout583 3 жыл бұрын

Since to them your bday is actually In February you could retire at 247 and 6 months I think 🤔

@seamusmclaughlin5916 3 жыл бұрын

I've contributed to it my whole life. I will collect it when ever I see fit.

@angelsrone 3 жыл бұрын

Unfortunately it doesn't work that way u can't draw before 62 been there done that they want let u

@robertgenson1846 3 жыл бұрын

You haven't contributed your whole life you've only contributed you're entire working career and have obtained 40 credits

@MrMaziar58 3 жыл бұрын

Robert Genson And what's the $ value of those 40 credit? $25 each!

@angelsrone 3 жыл бұрын

@@MrMaziar58 U need to call social security office and request a copy of your benefit letter it will show you what you paid in and how much you can collect

@seamusmclaughlin5916 3 жыл бұрын

@@robertgenson1846 You are correct with the details of the statement

@flierbill 3 жыл бұрын

Thanks Devin, this does affect me. Born June 1st 59. . I thought I had to wait until 62 and six months. Hope you see and reply.

@FATillery 3 жыл бұрын

As someone who has gone through the process, I submitted my application just over four months before I turned 62 and received my first deposit thirty days after my 62nd birthday. I hope this helps.

@DevinCarroll 3 жыл бұрын

Hi Bill...your age of early eligibility is still age 62. The SSA will deem you to turn 62 on May 31.

@flierbill 3 жыл бұрын

Thank you Devin, for responding !!

@Now_lets_get_this_straight 3 жыл бұрын

@@kbbkbbkbbkbbkbb, yes, 62 early retirement doesn’t change if your FRB is 67, but that means delaying to 70 doesn’t change either which will result in only 124% increase vs 132% paid to those who were 66 when delayed.

@frankcarr7029 4 ай бұрын

Actually, it depends on the question; widows and widowers can take it at 60, but there are income restrictions.

@whyyeseyec 3 жыл бұрын

For a govt website, the SSA actually has a very good website. Anyone can sign into it with a user name, a password and your SS number. Give all the info the site asks for and once in, it will have your entire gross income listed for all the years you have worked to date. It also explains very well the rules for receiving funds beginning at 62 and after - depending on what age you choose to start drawing funds. Don't bother with these types of YT videos as they can be very misleading. The SSA website explains it all very well. Take advantage. It's no mystery.

@mad6127 2 жыл бұрын

I see no where on the SS site where it tells you when you will get your first check...the video does a good job explaining it