If you’re getting close to retirement age and are unable to work due to a medical impairment, you may be wondering if it’s worth it to apply for social security disability or just get early retirement.
In most cases, the answer is “yes.”
The SSA allows you to file for early retirement at age 62 as opposed to waiting until you reach the full retirement age. If you wait until you reach the full retirement age, you would receive your full benefit amount. If you take early retirement, however, you will receive less money per month for the rest of your life. The percentage that the SSA takes away from your full retirement benefit is reduced by the number of months early that you retire. If you are married, taking early retirement will affect the amount of monthly benefits that your spouse receives as well.
You can find out what your full retirement age is here: https://www.ssa.gov/OACT/ProgData/nra.html.
Contact your local social security disability lawyer to find out more about filing for social security disability.