Social Security
Social Security is a national income supplement available to nine out of 10 Americans over 65 years of age. (Some people may qualify under certain conditions at age 62.) Monthly benefits are available to workers upon retirement, to their dependents and/or survivors, and, in some cases, to persons with severe disabilities. Employed persons can begin receiving benefits at age 65, regardless of income.
To apply, contact the Social Security Administration for instructions on how to file a claim. Social Security suggests calling the year before you plan to apply; the rules are complicated and it is often to your advantage to start your benefits before you retire. Spouses and widows or widowers may be eligible for special benefits, including death benefits. Individuals who are disabled before age 65 may apply for Social Security disability benefits.
Direct deposit of Social Security checks saves the federal government millions of dollars and eliminates lost or stolen checks.
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