Q & A

Social Security Disability: What Happens When You Turn 66?

Answer: Most people think of Social Security as a retirement program, but disability benefits are also a huge part of Social Security. An estimated 8.8 million Americans receive Social Security disability benefits, with 2 million more dependents relying on the program to help make ends meet. One of the most confusing things about Social Security disability is what happens after you reach retirement age. For many disabled Americans, shortened work histories mean that retirement benefits would ordinarily be unavailable or insufficient to meet their financial needs. But in figuring retirement benefits for the disabled, Social Security doesn’t follow the same formula that it uses for most retirees. Read more…

SourceDan Caplinger, The Motley Fool – 8/16/2014

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