Ask Larry

Can I Have My SSDI Transferred To Regular SS At Age 62?

Can I have my SSDI transferred to regular SS at age 62 even though my retirement age is 67 and will it be the same as i get now because i did work two years part time on the tkt to work program but now can no longer do it
Than you

Hi. You could switch from collecting Social Security disability (SSDI) benefits to Social Security retirement benefits at age 62, but that would likely just reduce your monthly benefit rate roughly 30%. SSDI benefits are calculated at 100% of a person's primary insurance amount (PIA), which is the amount that a person receives if they start drawing Social Security retirement benefits at full retirement age (FRA). If a person whose FRA is age 67 starts drawing retirement benefits at age 62, instead, they are only paid roughly 70% of their PIA.

The only people receiving SSDI who may want to consider voluntarily switching to Social Security retirement benefits prior to FRA are people whose SSDI rate is reduced due to receipt of worker's compensation or public disability benefits, or people whose eligible family members could receive higher auxiliary benefits if the worker was receiving retirement benefits instead of disability benefits.

Best, Jerry

Category: 
Posted: 
Jul 22 2021 - 12:22pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.