Social Security Lawyer in NYC
Experienced Social Security Lawyer In NYC Helps Clients In Queens, Nassau, Brooklyn, and Throughout New York City To Apply and Receive Benefits
As you approach retirement age, you are likely considering what your life might look like in this next chapter. One issue that is typically front and center in these conversations is your financial situation. After all, the bills still need to be paid once you retire. With the guidance of an experienced Social Security lawyer in NYC, retirees can make effective financial plans that meet their financial goals.
Social Security benefits are a financial tool that you may be eligible for but how do you know if you qualify? When can you collect Social Security retirement benefits? How much will you receive? All of these are important questions and having a full understanding of how Social Security works, and the different approaches to availing yourself of these benefits will enable you to make the most informed decision for your future.
At The Law Offices of Frank Bruno Jr., our experienced team specializes in elder law and is dedicated to serving and protecting New York City residents. With in-depth knowledge of these valuable benefits, a qualified Social Security lawyer in NYC from our firm can help you to incorporate this financial tool into your overall retirement plan and can work with you to maximize the impact of your Social Security benefits.
Dedicated Social Security Lawyer In NYC Works to Maximize These Benefits For Retirement
Calculating how much you may be eligible to receive in Social Security benefits is complicated. In order to qualify for Social Security benefits, you must have worked in what is defined by the Social Security Administration as “covered employment” for a certain number of years. This basically amounts to earning “work credits” and you need enough of these credits before you may claim retirement benefits. Individuals applying for Social Security retirement benefits must be between 62 and 70 years of age to begin collecting benefits.
Benefits are calculated based on a formula that considers the average of your yearly reported earnings since the time you began working. And within that calculation there are variables based on your age and whether or not you became disabled before a certain date. These calculations can be confusing and overwhelming.
An experienced Social Security lawyer in NYC from The Law Offices of Frank Bruno, Jr. can help you whether you live in Queens, Nassau, Brooklyn, or elsewhere throughout New York City to apply for Social Security benefits and receive every penny that you are eligible for, maximizing this benefit to best serve your age and retirement lifestyle.
Knowledgeable Social Security Lawyer in NYC Provides A No-Cost Consultation, Answering Questions Regarding These Benefits And How The Law Offices of Frank Bruno, Jr. Can Help
When you “reach a certain age”, there are many factors to consider when deciding when to retire. The questions may seem endless and, at times, any answers may seem few and far between. We understand. At The Law Offices of Frank Bruno, Jr., our dedicated legal team specializes in elder care, working tirelessly to protect the rights of older Americans in New York City, advocating on their behalf, and advising them on the strategies that best serve their interests and needs in the days ahead.
So when you are looking for knowledge, compassion, experience, and dedication, look no further. We’ve got you covered. To learn more about how The Law Offices of Frank Bruno, Jr. can help you best plan for retirement, arrange for a no-cost consultation with a knowledgeable Social Security lawyer in NYC to get answers to your questions.
Frequently Asked Questions (FAQs) About Social Security Benefits In Queens, Nassau, Brooklyn, and Throughout New York City
According to the Social Security Administration, an individual must be at least 61 years and nine months of age to apply for social security retirement or spousal benefits. Social Security benefits may be paid at the age of 62 years. It is important to note that, although Social Security benefits may be available to you at the age of 62, your age at the time of enrollment and your age when you apply for benefits determine the payment amount you will receive. Consult with an experienced Social Security lawyer to make the most informed decision regarding your benefits.
Yes. The maximum amount you may receive for a Social Security retirement benefit depends upon your age when you retire. If, for example, you were to retire in 2022 at the full retirement age of 65 years, your maximum Social Security benefit would be $3,345. If you were to retire in 2022 at the age of 70, your maximum Social Security benefit would be $4,194. Retiring in 2022 at the age of 62 years would result in a maximum benefit of $2,364.
There is a misconception that in order to receive Social Security retirement benefits, you must stop working. In fact, you can work while receiving Social Security retirement or survivor benefits. Once you begin receiving Social Security retirement benefits, the Social Security Administration considers you to be “retired” for their purposes. And while you may work and collect Social Security retirement benefits, there is a limit to how much you may earn and still receive full Social Security benefits. If you are below full retirement age — which is 65 years old — for the entire year, the Social Security Administration deducts $1 from your benefit payments for every $2 that you earn above the annual limit. The annual limit in 2022 is $19,560. During the year that you reach full retirement age, the Social Security Administration will deduct $1 in benefits for every $3 you earn above a different earning limit, which is $51,960 in 2022. Once you reach full retirement age, there is no limit on the amount of money you can earn while still receiving your full retirement benefits.
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