Knowing your options is the first step to making an informed decision about receiving Social Security benefits. The age you are can have a huge impact on the amount of money you’re given, which is why the Social Security lawyers at Achille Law, P.C. in Brookville, PA, say it’s vital to be armed with some information first.

A Social Security Lawyer on 3 Questions to Ask Yourself Before Receiving Benefits

1. How Much Longer Can You Work?

If your job is particularly physical, you may want to opt for early retirement, which you can do at age 62. It may be difficult for you to keep up with your current workload as your age advances, and in this case, early benefits might be a better fit for you. Just be aware you will receive smaller payments than if you waited until age 65 to file.

2. Are You Married?

If you have a spouse, consider how much they have contributed to Social Security over time. If the amount is less than the total of your contributions, you may want to wait until full retirement age. In this case, your spouse can claim benefits early, thereby leaving you to do so at age 65.

3. Do You Need the Money Now?

If you’re nearing early retirement age and are having trouble meeting your basic living expenses, you might want to claim benefits early. There’s no real upside to waiting if you’re struggling to make ends meet currently, especially since this can negatively impact your health. However, if you are relatively comfortable and are solely seeking ways to enhance your current income, it’s best to explore other options.

If you need more information about Social Security benefits or require legal assistance, turn to Achille Law, P.C. Learn more about the full range of services available to Brookville clients, including those related to estate planning, by visiting this firm online. If you’d like to schedule your consultation with a Social Security lawyer, call (814) 849-6701 today.