Personal Injury Lawyers
of Long Island

(631) 801-0057

  • Home
  • Credentials Matter
  • Practice Areas
    • Personal Injury
    • Car Accidents
    • Truck Accidents
    • Workers Compensation
    • Medical Malpractice
    • Wrongful Death
    • Cruise Accident
  • Blog
  • Free Case Evaluation

August 21, 2019 by PILLI Law

What is Social Security, Exactly?

Social security is a program overseen by the federal government that offers financial assistance for people or their legal dependents who qualify to receive these benefits. As people join the workforce and receive earnings, they are paying social security taxes that goes into a trust fund. With this fund, those who are currently disabled, retired or are surviving family members, can get the help they need. Each year a person works, they gain credits with the intention to become eligible for these benefits when it is his or her time to retire.

 

How do I know when I am eligible to receive these benefits?

Retirement benefits often start between 65-67 years old, so when you are able to utilize it depends on what year you were born. You may choose to receive your benefits as soon as 62, but they may not be given in full. However, if you wait until retirement age, you can collect the entirety of your lot. These benefits are typically given in small increments for the rest of your life. Every person’s life circumstances are different, so some may have to apply early while others can wait. 

 

It is possible to increase my benefits even more somehow?

You may be able to grow your social security benefits by 8% every year until you reach 70 years old, that is, if you can delay receiving them until then. This can be a nice perk for those who do not need the funds right away, and aren’t negatively impacted by postponing a few years longer. 

 

Can I collect social security even if I am still employed?

Yes, you are permitted to work and still collect social security benefits. If you are above the retirement age, you can work as often as you prefer and still receive 100% of your benefits. If you are under the retirement age and are working but eligible to collect a portion of your benefits, you may only be permitted to make a certain amount before facing penalties. 

 

I am not sure I understand how social security works, can you explain?

Many people may assume the social security portion taken out of their paycheck is going into a separate account just for them, and that the amount contributed will be given back once retired. Unfortunately, it doesn’t really work that way. Social security is often referred to as a pay-as-you-go system, as the money you pay now is being used currently to pay benefits for retirees. 

 

Is there any reason why I may need to hire a lawyer about my social security?

It can be beneficial to have assistance from a lawyer who is familiar with social security. A lawyer can help protect you and has your best of interest in mind, when overseeing your application for social security. It is not uncommon for people to retire then realize that filing for these benefits can be confusing, complicated and even frustrating. A social security disability lawyer in Hillsville Carroll County, VA that understands the inner workings of social security can offer advice on how to present your case in an influential way. 

 

Thanks to The Law Offices of Mark T. Hurt for their insight into social security law and what it is.

 

Filed Under: Uncategorized

  • Home
  • Credentials Matter
  • Practice Areas
    • Personal Injury
    • Car Accidents
    • Truck Accidents
    • Workers Compensation
    • Medical Malpractice
    • Wrongful Death
    • Cruise Accident
  • Blog
  • Free Case Evaluation

LONG ISLAND PERSONAL INJURY RESOURCES

Long Island Personal Injury Law Firm
Long Island Personal Injury Lawyer
Long Island Car Accident Lawyer
Long Island Workers Compensation Attorneys
Long Island Medical Malpractice Attorneys
Long Island Wrongful Death Lawyer
Long Island Cruise Accident Attorneys
Free Legal Advice
Legal and Financial Advisor Rockville MD
Car Accident Lawyer Long Island NY
Long Island Truck Accident Attorney
Auto Accident Lawyer Long Island
Long Island Car Accident Lawyers
Long Island Auto Accident Lawyer
Long Island Car Accident Attorney
Car Accident Injury Lawyers Indianapolis IN
Who is the Top Bankruptcy Lawyer in Cypress, TX Civil Rights Litigation Lawyer Washington, D.C.
Personal Injury Blog
Denver Bicycle Accident Lawyer
Bus Accident Lawyer Los Angeles CA

Location

500 Merrick Road
Suite 200
Rockville Centre, NY 11570
(631) 801-0057

Free Consultation

Request a free consultation with one of Washington DC's premier personal injury law firms.

Request Free Consultation

No Legal Advice Intended. This website includes general information about legal issues and law practices. Such materials are for informational purposes only and should not be considered legal advice or counsel. Information may not reflect current legal standards. For legal advice specific to your needs, contact an attorney licensed in your jurisdiction. Do not rely on any statement on this website for any reason whatsoever. Furthermore, the information contained in this website is for informational purposes only. It is not, nor is it intended to be, legal advice or representation. Your review or use of this web site, its information and links does not create an attorney-client relationship or an attorney-client privilege between this law firm and you. Statements made to this firm before the formation of an attorney-client relationship may not be privileged and confidential.



© COPYRIGHT 2025 LONG ISLAND PERSONAL INJURY LAWYERS | POWERED BY Matador Solutions - Internet Marketing Company

Other Resources
American Bar Association | The American Lawyer | National Lawyers Association | Lawyers Without Borders | American College of Trial Lawyers | American Bar Association | National Association of Women Lawyers | Lawyers Associated Worldwide | Cohen & Cohen P.C. | Auto Accident Lawyer DC | Auto Accident Lawyers Washington DC