Social Security Benefits in Woodstock

Choosing to retire is a financially fraught decision. You will need to consider how to continue paying your bills while living a comfortable life. For most people, Social Security benefits in Woodstock play a major role in their future finances. In addition, the amount of benefits that a person receives will vary with their age of retirement.

Talking with an attorney at Nelson Elder Care law can help you to decide if the time has come to retire. We can explain how Social Security retirement benefits work, what your current payments will be if you retired today, and when other parties might be able to claim benefits in the future.

How Does a Worker Qualify for Social Security Retirement Benefits?

Social Security is commonly thought of as a retirement safety net for workers. However, many people do not realize that workers must meet certain requirements to collect these payments upon reaching retirement age.

Workers contribute to Social Security through the Federal Insurance Contribution Act, listed on a paycheck as FICA. To qualify for Social Security retirement benefits, you must make these FICA payments for at least ten years. As a Woodstock resident, once you decide to retire and collect Social Security benefits, these payments will become automatic.

The Date of a Worker’s Retirement Determines their Benefits

Not all Social Security retirement benefits are the same, and they vary according to retirement age. Everyone 67 years of age or older could retire today and enjoy the full Social Security benefit package in Woodstock. This is true also of people born between 1938 and 1960. You are free to retire before you reach this age, but you will receive benefits at a lesser rate. Conferring with a lawyer can help you to understand your current status under the law and make the most informed decision possible.

Your Benefits May Apply to Others

Retired workers are not the only people in Woodstock who may receive Social Security benefits. Spouses can also enjoy these payments. By law, a married couple where both parties seek benefits will each receive the greatest amount available between them.

Spouses may also receive payments in the form of survivor’s benefits. This takes the form of a one-time payment. In addition, children can receive continuing benefits if they are unmarried and under the age of 18.

Allow an Attorney to Walk You Through Your Social Security Benefits

A major part of making the decision to retire is choosing the right time. Depending on your current age and your time spent in the workforce, retiring now may not allow you to receive full Social Security retirement benefits. This can also affect your spouse and minor children.

Contact a lawyer now to evaluate your options. We can explain how Social Security benefits in Woodstock work, determine what your payments would be if you were to retire now, and recommend a path forward to ensure you are granted to the fruits of your labor. Schedule your free consultation today to learn more about your options.

Hear From Our Clients

“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce