Answers to frequently asked questions about your retirement benefits

Social Security provides benefits to more than 66 million people, and those monthly payments have an enormous impact on older Americans’ financial health. According to Census Bureau data:

• Social Security accounts for at least 50 percent of income for more than half of households headed by someone 65 or older.

• It provides nearly 80 percent of income for 1 in 5 such households.

• It keeps more than 26.5 million people from falling below the poverty line.

An institution that looms so large in American life is bound to generate questions about what it does and how it works. Here are the answers to some of the most frequently asked questions about Social Security. You’ll find more detailed information on these and many more issues in AARP’s Social Security Resource Center.

1. Is Social Security just for retired workers?

No. As of February 2023, about 74 percent of beneficiaries were retirees. The remainder were spouses, ex-spouses and children of retirees (4 percent); disabled workers and their families (13 percent); and survivors of deceased beneficiaries (9 percent).

2. At what age can I start collecting Social Security benefits?

You can begin receiving retirement benefits at age 62, but your payments will be greater if you wait until your full retirement age (between 66 and 67, depending on year of birth). If you are eligible for survivor benefits or Social Security Disability Insurance (SSDI), you can start collecting earlier.

3. How do I sign up for Social Security?

You can apply for retirement, spousal or disability benefits online, by phone at 800-772-1213 or in person at your local Social Security office. For survivor benefits, you can apply by phone or in person. Local offices reopened to walk-in traffic in April 2022 after being largely closed to visitors for more than two years due to the COVID-19 pandemic, but the Social Security Administration (SSA) strongly recommends calling ahead to make an appointment.

4. How long do I need to work to become eligible for benefits?

For retirement benefits, at least 10 years. Social Security uses a system of credits, which you collect by working and paying Social Security taxes. You can earn up to four credits a year, and you need 40 credits to qualify for retirement benefits. The credit threshold may be lower for disability benefits.

5. Must I stop working to collect retirement benefits?

No, you can receive benefits while working. But if you are below full retirement age and earn more than a certain amount, your monthly benefits will be temporarily reduced. Once you reach full retirement age, the reduction is eliminated, and your benefits will be increased to make up for what was lost over time.

6. How much will I get from Social Security?

That depends on a number of factors, most crucially your lifetime earnings from work in which you paid Social Security taxes. Social Security takes your 35 highest-earnings years, calculates an inflation-adjusted average, and plugs that into a progressive formula that determines your “basic” benefit. The amount will also be affected by how old you are when you claim benefits. You won’t know it for sure until you file, but you can use the AARP Social Security Calculator to get an estimate.

7. What’s the maximum monthly Social Security benefit?

For a worker claiming Social Security in 2023 at full retirement age, the highest monthly amount is $3,627. That’s a little less than double the average retirement benefit ($1,831 in February 2023). To draw the top benefit, your earnings must have exceeded Social Security’s maximum taxable income — the annually adjusted cap on how much of your income is subject to Social Security taxes — for at least 35 years of your working life.

8. How can I boost the amount of my benefit?

The longer you wait to start collecting after you become eligible, the more you will receive. Say you were born in 1960. If you claim Social Security upon turning 62, you’ll get 70 percent of the benefit amount calculated from your lifetime earnings. If you wait until full retirement age — in this case, 67 — you’ll get 100 percent. Delay past full retirement age and Social Security increases your benefit 8 percent a year until you hit 70. There’s no financial incentive to delay past age 70.

9. Can I receive Social Security benefits based on an ex-spouse’s earnings?

You may be able to claim a divorced-spouse benefit if the marriage lasted at least 10 years, you are at least 62 years old and you have not remarried. If so, you could get up to 50 percent of your former spouse’s full benefit amount — but only if that exceeds your own retirement benefit. Social Security will pay the higher of the two amounts, not both.

10. When someone dies, how does Social Security know?

The SSA receives reports of beneficiaries’ deaths from family members, funeral homes and government agencies. Even if you know another entity will report the death of a member of your family, it’s a good idea to inform Social Security yourself (by calling at 800-772-1213) as soon as possible.