• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
logo

The Edwards Law Firm

Estate Planning For All Generations

  • phone-icon (904) 215-3550
  • Schedule a Free Consultation
  • Home
  • Who We Are
    • About Our Firm
    • Attorney and Staff Profiles
  • How We Can Help
    • Business Owners & Asset Protection
    • Estate and Gift Tax Figures
    • Family-Owned Businesses & Farms
    • Incapacity & Caregiver Support
    • LGBTQ Estate Planning
    • Medicaid & Elder Law Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Probate & Trust Administration
    • Wills & Trusts
  • Elder Law
    • Are You A Caregiver?
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veteran’s Benefits
  • Resources
    • Estate Planning Resources
      • Estate Planning Checkup
      • Definitions
      • Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate Planning Techniques
    • Frequently Asked Questions
      • LGBTQ Estate Planning Frequently Asked Questions
      • Incapacity Planning Frequently Asked Questions
      • Frequently Asked Estate Planning Questions
      • Trust Administration & Probate Frequently Asked Questions
    • Elder Law Reports
    • Special Needs Resources
    • Trust Administration
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • The Mourner’s Bill of Rights
      • Trust Administration & Probate Definitions
  • EVENTS
  • BLOG
  • Reviews
    • Review Us
  • Contact Us

Social Security: When Are You Eligible?

December 7, 2011 by William T. (Tom) Edwards, Jr., Attorney & Counselor at Law

If you are like most people Social Security will provide a significant percentage of your retirement income. As a result, your retirement date may well coincide with your date of Social Security eligibility. With this in mind we would like to provide a brief explanation of the current eligibility requirements.

There is no one age at which everyone becomes eligible for Social Security. People who were born prior to 1955 reach the age of full Social Security eligibility they celebrate their 66th birthdays. Full eligibility age then graduates by two months per year through 1960.

So if you were born in 1955 your full retirement age is 66 years and two months; if you were born in 1956 your retirement age is 66 years and four months, and so on. Full retirement age in a Social Security eligibility context for individuals who were born in 1960 and after is 67.

It should be noted that the above information applies to eligibility to receive your full retirement benefit. If you want to, you can retire early and accept a reduced benefit. The youngest age at which you can apply for Social Security is 62.

On the other end of the spectrum you can put off applying for Social Security until you are as old as 70. By doing so you earn delayed retirement credits that will increase your benefit by 8% for every year that you delayed your retirement.

This information is valid as of this writing, but it is important to understand the fact that it is always going to be subject to change.

If you would like to devise a comprehensive plan for the future that takes the limitations of Social Security into account, simply take a moment to arrange for a consultation with an Orange Park retirement planning attorney.

  • Author
  • Recent Posts
William T. (Tom) Edwards, Jr., Attorney & Counselor at Law
Latest posts by William T. (Tom) Edwards, Jr., Attorney & Counselor at Law (see all)
  • Top Estate Planning Tips for 2016 - April 29, 2016
  • Free Report: Florida Estate Planning for Newlyweds After 50 and The Blended Family - August 10, 2015
  • Latest Updates for Florida’s Medicaid Program - July 13, 2015

Primary Sidebar

FOLLOW US ONLINE

Footer

The Edwards Law Firm

River Place Office Park 165 Wells Road, Suite 402
Orange Park, FL 32073
Phone: (904) 215-3550

ST. AUGUSTINE (By Appointment Only)

1750 Tree Boulevard, Suite 9
St. Augustine, FL 32084
Phone: (904) 824-1750
Fax: (904) 215-3512

Map/Location

Map
Map

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM

Office Hours

Monday  8:30 AM – 5:00 PM

Tuesday  8:30 AM – 5:00 PM

Wednesday  8:30 AM – 5:00 PM

Thursday  8:30 AM – 5:00 PM

Friday  By Appointment Only

The information on this website is for general information purposes only. Nothing on this or associated
pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This
information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

  • Privacy Policy
  • | Disclaimer
  • | Site Map
  • |
  • Powered by American Academy of Estate Planning Attorneys
© 2021 The Edwards Law Firm. All Rights Reserved.