Lawyer Insight: How Social Security Works

Find a Lawyer

Social security is a federal program that provides financial support for those who want to retire, are disabled, or have become surviving family members. Those who are in the workforce, have a percentage of their earnings taken out for social security taxes. These taxes collected, are then put into a trust fund so those who are currently needing to receive benefits, can get the support they require. Each year a person works, the more credits they gain to become eligible for social security benefits when their time comes. 

Those who are looking for guidance when completing their social security application, can rely on a lawyer for help. Once people reach an age to collect these benefits, they may then realize how complicated the process can be. Getting advice from a legal professional familiar with this benefit program, can help increase your chances of an approval. 

Common Misconceptions

Many people may not fully understand what social security entails. At first, it may seem like your money is going into a personal account that will be available just for you when retirement age arrives. However, this is not the case. The money that is being pulled from your earnings for social security is actually going to those who need support right now. We are happy to explain in detail the inner workings of social security if you want to know more. 

When to Collect Social Security

In general, the age in which a person is eligible to receive social security benefits is 65. The earliest someone can apply is four months prior to turning 62, but he or she may not be able to get 100% of their lot. In contrast, if someone is of retirement age but can wait before filing for benefits, they can increase their amount by 8% each year. After 70, those gains halt and a person has reached their maximum benefit amount. If you are unsure whether it is a good time for you to apply for social security, a lawyer can talk with you further and advise on what may be best for you. 

If You are Still Employed

People are allowed to work and also collect benefits for social security, but there are rules attached. If you are older than retirement age, you can earn as much as you want and still get the entirety of your benefits. If you are below retirement age, then you may only be able to earn a certain amount of money before you actually get penalized. If you want to work and collect social security, we recommend meeting with us to be sure all necessary steps and considerations have been taken first. 

If you need help at all regarding social security benefits, please reach out to a law firm today. A social security disability lawyer in Grundy, VA can talk with you over the phone or in person. Many law offices offer free initial consultations for new clients. Let them help you get the support you need through filing for social security benefits. 



Thanks to The Law Offices of Mark T. Hurt for their insight into social security and how it works.