• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Our Firm
    • About Our Firm
    • Attorney and Staff Profiles
  • Services
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Elder Law
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veterans Benefits
  • Seminars
  • Areas We Serve
    • Ballwin
    • Chesterfield
    • Clayton
    • Creve Couer
    • Des Peres
    • Edwardsville
    • Fenton
    • Glen Carbon
    • Glendale
    • Kirkwood
    • Maryland Heights
    • Oakland
    • Sappington
    • St. Louis
    • Sunset Hills
    • Valley Park
    • Webster Groves
  • Resources
    • Asset Protection Worksheet
    • Elder Law Resources
      • Chesterfield Elder Law
      • Fenton Elder Law
      • Kirkwood Elder Law
      • Sunset Hills Elder Law
      • St. Louis Elder Law
      • St. Peters Elder Law
      • Webster Groves Elder Law
    • FREE Estate Planning Seminars
    • FREE Estate Planning Worksheet
    • Frequently Asked Questions
      • Estate Planning
      • Families Without an Estate Plan
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Trust Administration & Probate
    • Is Your Estate Plan Outdated?
    • Medicaid Resources
    • Multimedia
    • Newsletters
    • Presentations
    • Pre Consultation Form
    • Probate Checklist
    • Probate Resources
    • Retirement Planning Checklist
    • Special Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning For Niches
      • Trust Administration
  • Reviews
    • Our Reviews
    • Review Us
  • Blog
  • Contact Us

Amen, Gantner & Capriano | Your Estate Matters, L.L.C.

St. Louis Estate Planning & Elder Law Attorneys

Logo
CONNECT WITH US TODAY (314) 966-8077
ATTEND A FREE WEBINAR
Home / Elder Law / Social Security vs. SSI

Social Security vs. SSI

September 2, 2011

Elder Law Tagged With: Disability Planning, elder law, Retirement Planning

When you can apply for your full Social Security benefit depends on the year during which you were born. For people born between 1943 and 1954 full retirement age in the eyes of the Social Security Administration is 66. After this it goes up by two months per year until 1960; for people who were born in 1960 and later full retirement age is 67. We would like to include the caveat “as of this writing” because there’s a lot of talk about altering the Social Security system coming out of Washington DC these days and changes in the eligibility age would come as no great surprise.

It should be noted that you don’t have to retire when you reach full retirement age. You can choose to retire at the age of 62 and accept a reduced benefit. On the other end of the spectrum, you can work beyond your full retirement age up until the age of 70 and receive delayed retirement credits for each year that you work beyond your full retirement age that will increase your benefit when you do apply for Social Security.

The amount of the benefit that you receive is based on how much you paid into the program over the years. People who did not work enough to contribute a base amount into the Social Security program are not eligible for benefits.

However, people who are at least 65 years old can qualify for SSI, which stands for Supplemental Security Income. As it stands today this can provide up to $674 per month to a single individual. There are stringent requirements however, and one of them states that you cannot receive SSI if you have total assets that exceed $2000. But some significant assets don’t count toward this number, like your home and your car. Another benefit inherent in receiving SSI is that you’re automatically qualified for Medicaid.

If you’re interested in exploring how government programs for seniors can fit into your long-term plan, simply arrange for a consultation with an experienced elder law attorney.

 

 

  • Author
  • Recent Posts
Paul Gantner
Paul Gantner
I am an owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C. I have been able to bring my business and legal education and experience into a firm that has for many years provided comprehensive estate plans that meet clients’ needs and expectations.My passion has been creating and constantly pushing AGC’s mission of “Helping Families Secure their Legacies by Embracing them into the Law Firm Family through Long-term, Personal Advisory Relationships.”
Paul Gantner
Latest posts by Paul Gantner (see all)
  • Lessons from Patagonia - January 5, 2023
  • Planning for the “Silver Tsunami” - December 29, 2022
  • More than Just Salad Dressing: The Ongoing Saga of Newman’s Own Foundation - December 22, 2022

Filed Under: Elder Law Tagged With: Disability Planning, elder law, Retirement Planning

Other Articles You May Find Useful

Affton elder law attorneys
What Is a Reverse Mortgage?
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
Key Social Security Retirement Facts You Should Know
Kirkwood elder law attorneys
What Should I Do after Being Diagnosed with Alzheimer’s?
St. Louis elder law attorneys
St. Louis Elder Law Attorneys — Is It Alzheimer’s or Just the Natural Aging Process?
Creve Couer elder law attorneys
Creve Couer Elder Law Attorneys Answer Top 5 Elder Law Questions
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
Missouri Medicaid and Medicare – What Is the Difference?

About Paul Gantner

I am an owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C. I have been able to bring my business and legal education and experience into a firm that has for many years provided comprehensive estate plans that meet clients’ needs and expectations. My passion has been creating and constantly pushing AGC’s mission of “Helping Families Secure their Legacies by Embracing them into the Law Firm Family through Long-term, Personal Advisory Relationships.”

Primary Sidebar

Download our free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.
  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • twitter
  • linkedin
  • youtube

Blog Subscription

  • This field is for validation purposes and should be left unchanged.

Where We Are

Amen, Gantner & Capriano
10733 Sunset Office Drive, Suite 425
St. Louis, MO 63127

See Larger MapGet directions

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 12:00 PM

Map

map for Amen, Gantner & Capriano Your Estate Matters office
  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Footer

Connect to us

  • Facebook
  • twitter
  • linkedin
  • youtube
footer-logo

© 2023 American Academy of Estate Planning Attorneys, Inc.

Amen, Gantner & Capriano,
Your Estate Matters, LLC

Attorney Advertisement