Submitting Your Social Security Application: When And How As you get closer to retirement one of your main questions is probably when and how to submit your Social Security application. Can you apply at age 62 or 66? What is the procedure for applying for Social Security once you've decided to start collecting retirement plus points? We'll address these questions and more in the following paragraphs. When to Apply for Social Security Retirement Advantages Social Security retirement benefits can be collected as soon as age 62 or as late as age 70. Full retirement age depends on your birthday, but for boomers now beginning to retire, the full retirement age is 66. If you get benefits before you get to full retirement age, your benefit will be lessen by up to 25%. On the other hand, if you postpone collecting advantages after you reach full retirement age, your advantages will raise by 8% each year until you reach age 70. After age 70 you might no longer earn credits thus there is no advantages to delaying benefits after age 70. According to the Social Security Administration, roughly 73% of current Social Security receivers are getting reduced advantages (because they elected to receive them prior to their full retirement age); however this may not be the good strategy. Your health, life expectation, marital status and other sources all play a role in when you should begin collecting benefits. As Social Security plays such a vital role in your retirement income (at least for most individual), it is recommended that you contact a financial expert who is knowledgeable in Social Security to assist you determine the best time to start receiving retirement advantages. How to Apply for Social Security Benefits Once you've decided when to begin your benefits, how do you submit your Social Security retirement application? There are three procedures to apply for Social Security: 1. You could go online to Social Security.gov and apply for benefits right on the site. However, at this time you can only apply for retirement benefits online (you must call or go to an office in person to apply for survivor advantages). 2. Call 800-772-1213 to apply for benefits by phone. 3. Or you can go to an office in person if you have to talk to an employee face to face. To get the closest office, visit the site at Social Security.gov. You will need the following details when you submit your Social Security application: - Social Security digit - Name at birth, date and place of birth - Citizenship position - Active duty service dates - Marital status, spouse's name, birth-date and SSN - Name, date of birth and SSN of any former partners - Names of any unmarried kid below 18 years - The name and address of each organization you worked for in the last two years, including estimated income - If you are within 3 months of turning 65, you'll even need to let Social Security know if you are joining Medicare or not. Further information might be required if you are self employed or if you worked in a government job which will provide an annuity benefit. Submit Your Social Security Application Three Months in Advance You should apply for Social Security retirement benefits three months prior to the date you wish to start receiving benefits. Payments are sent the month after the month they are owing. For example, if you apply for retirement benefits and request that they begin in October of 2010, you will receive your first payment in November 2010. How You Can Enhance Your Credit Check Score In 5 Simple Steps Having a good credit check score is an absolute must in today's lending environment. In this lagging economic environment, your credit check score is certainly more important than ever. Social Security Eligibility Criteria: What Are The Requirements For A Homemaker To Collect Social Security? When Social Security was first established, most families only had one bread-earner, and only the working spouse qualified for retirement benefits. This caused financial difficulties for the spouse who didn't work (and therefore didn't qualify for Social Security) if the working spouse passed away first. How You Will Get The Perfect Financial Planner To Reach Your Financial Goal Many people hire financial planners to help them meet their financial goals. Whether you are a beginner investor with very little experience or whether you have a good knowledge and understanding of financial planning topics, a financial planner can be a valuable asset when planning for your financial goals. Social Security Benefits: A Helpful Discussion On Terms To Obtain The Benefit And How To Get After A Family Member's Death The loss of a family member can be devastating, both emotionally and financially. Social Security is meant to be a survivor program as well as a retirement program. Most people are aware of Social Security retirement benefits, but are you aware that there are Social Security death benefits as well? How The Social Security Spousal Benefit Works Can a spouse collect on her husband's social security if she reaches retirement age before her husband? No. In order for a wife to collect Social Security benefits on her husband's earnings the following requirements must be met: Payday Loans:Understand More About It. Have you ever found yourself in an emergency situation? Do you require a substantial amount of money fast but don't know where to get it? Payday loans may be just the thing you need. 3 Ways A Financial Planner Can Easily Help You Realize Your Own Financial Objectives Many people wonder exactly what a financial planner does, and how they can help you. Here are just three ways a financial planner can help you achieve your financial dreams and goals. Discover Tips On How To Apply For Social Security If you areapproaching retirement, you are probably already looking into how to apply for Social Security benefits. Generally, you can apply once you are within 120 days of your 62nd birthday. There are several things you should know to make the application process as smooth as possible. Americans Buying Gold Coins--Need To Know More, Continue Reading Buy gold coins is becoming popular as an investment for two key reasons. 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