No, just about anybody can represent you or may do go it alone. Answer every question on the forms; leaving something blank can work on getting your claim turned down for. These suggestions are just the tip in the iceberg.
The problem is that you chose to retire at 62. You certainly can claim a Social Security income before what the government considers a regular retirement age – 66 for anyone born in the 10 years after 1943. But if you get back to work, you won’t be able to claim it anymore. A sad truth that hundreds of thousands of people claiming the Social Security income – of tens of millions of dollars each month – discovered last year. And the year before. If you are planning on claiming your Social Security benefits earlier than the cutoff age, you have to realize that you are leaving yourself wide open and vulnerable.
Applications for Social Security have increased 23% over last year and this increase has forced deficit spending by the fund in the can a loan company garnish your social security check of $10 billion in 2010 and $9 billion in 2011. Deficits are beginning before the bulk of the baby boomers retire. What will happen when 80 million of them jump onto this teetering system? Even the trustees now admit the fund will be exhausted in 28 years. If you are on the fence about nearmeloans or any other can a loan company garnish your social security check website then you need to research more. This means it will run out of money sometime during the lifetime of a healthy 65 year old. Those contemplating retirement in the near future should consider backup plans.
The money intended for Social Security has been used for everything under the sun. It seem as though the Social Security fund has been turned into a slush fund for the use of the Congressmen for Whatever is needed at the moment.
What if the government decides to lower benefits in the future? Is that a possibility? Yes of course it is. And you know what? You can’t do anything about it. Well actually you can. For a minute assume Social Security lowers benefits to 75% of what you were to receive.
If the retiree decided to wait four years until age 70, the monthly payment would be $2,000 per month, or $24,000 per year. In order to break even, it will take 12 years for that additional $6,000 a year to make up for not starting the payments earlier.
The trick to winning a Social Security Disability claim is to keep applying. This method is not only wrong, but can be detrimental. Social Security keeps tract of claims you have filed. Do you really believe an adjudicator would not see a “professional applicant” and would not consider that they on a “fishing expedition”?
I’ve read a lot of articles about people forming a Plan B about other areas of life. What if I lose my job? What if I don’t get the promotion or raise? Why not develop a retirement Plan B?
My point in this article is that you can be in control of your own retirement. You don’t have to wait for Social Security or hope the government doesn’t change the rules regarding Social Security. It’s your retirement plan so make it yours. Take ownership.