Step 1: Apply at the Right Time

One of the most important factors in determining the amount of Social Security benefits you’ll receive is when you decide to start collecting them. Here are a few key things to consider:

A. For Retirement Benefits

• Full Retirement Age (FRA): The age at which you can receive your full Social Security retirement benefits depends on your birth year. For example, if you were born in 1960 or later, your FRA is 67.
• Claiming Early: You can start receiving Social Security retirement benefits as early as age 62, but your benefits will be permanently reduced if you claim before your FRA.
• Delaying Benefits: If you wait until after your FRA to begin collecting, your benefits will increase by a certain percentage each year until you turn 70. This is one of the best ways to get more from Social Security, as your monthly check will be larger.

B. For SSDI

• Work History: The amount of your SSDI benefits is based on your work history. The more you have worked and paid into Social Security, the higher your benefits will be. Be sure to keep track of your earnings and report them to the SSA accurately.
• Eligibility for Spousal Benefits: If you are married, your spouse may be eligible to receive spousal SSDI benefits, which can increase your household income.

Step 2: Maximize Your Work History and Earnings

Your Social Security benefits are based on your average lifetime earnings. To maximize your benefits, consider these tips:

• Work for 35 Years: The SSA calculates your benefits based on your highest 35 years of earnings. If you work for fewer than 35 years, the SSA will use zeros for the missing years, which will lower your average earnings. If you haven’t worked for 35 years, consider working longer if possible.
• Earn More: The higher your income, the more you will pay into Social Security, and the higher your benefits will be. If you’re still working, focusing on increasing your income can help increase your Social Security benefits in the future.

Step 3: Consider Spousal and Survivor Benefits

You may be able to increase your Social Security benefits through your spouse’s work record or your late spouse’s record:

• Spousal Benefits: If you are married, you may be able to claim Social Security benefits based on your spouse’s work record if they have higher earnings. You can claim up to 50% of their FRA benefit if you wait until your FRA.
• Survivor Benefits: If your spouse passes away, you may be eligible for survivor benefits. These benefits can be up to 100% of what your spouse was receiving, depending on your age and the circumstances. Survivor benefits are typically higher if your spouse earned a higher income.

Step 4: Apply for Other Benefits You May Be Eligible For

Many people aren’t aware that they may be eligible for other forms of Social Security benefits in addition to retirement or disability. Here are a few to consider:

• SSI: If you have limited income and resources, you may qualify for Supplemental Security Income (SSI), which can supplement your Social Security benefits if you're disabled or aged and have low income.
• Disability Benefits for Children: If you are receiving SSDI, your children may be eligible for child’s benefits based on your record. This can provide additional financial support for your family.

Step 5: Make Sure You Are Receiving All the Benefits You Qualify For

The Social Security Administration has various programs, and many individuals don’t realize that they might be eligible for more benefits. Make sure to review all of the following:

• Check your Social Security Statement: You can access your personal Social Security Statement online to ensure that all your work history and earnings are correctly recorded.
• Review your benefit options: Sometimes, people mistakenly leave money on the table by not reviewing all the benefits they are entitled to. For example, you may be eligible for both Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) if your income or resources are limited.

Step 6: Work with an Expert or Lawyer

Navigating Social Security benefits can be complicated, especially if you’re dealing with a disability or unique situation. Working with an expert, such as a Social Security disability lawyer or financial advisor, can help you understand your options and maximize your benefits.

• A Social Security disability lawyer can assist you in filing your application, ensuring that you have all the necessary documentation, and appealing any denials to increase your chances of getting more from SSDI.
• A financial planner can help you understand when to begin receiving Social Security benefits and how to incorporate them into your overall retirement strategy for the maximum benefit.

Step 7: Review Your Benefits Periodically

Social Security benefits can change over time due to inflation adjustments and other factors. Make sure to review your benefits at least once a year and whenever your circumstances change (such as a change in income, marital status, or living situation). You can also request a benefits recalculation if you believe your benefits haven’t been adjusted properly.