Question on this, I'm applying for my Social security now at 62, my son is disable and I have talked to several people at the office and at the 800 number and they tell me it is based off when I apply for my social security which will be age 62 and not my full 66/10. His this correct/ thanks
Hi. No, it sounds like you were either misinformed or there was some type of misunderstanding. The benefit rate for a disabled adult child (DAC) who's eligible for benefits on the record of a living parent is calculated based on 50% of the parent's primary insurance amount (PIA), not the parent's monthly benefit rate. A person's PIA is equal to their Social Security retirement benefit rate if they start drawing their benefits at full retirement age (FRA).
In other words, even if you apply for your benefits at age 62 your child could be paid up to 50% of your full retirement age rate. However, if you have a spouse or other children who are also eligible for benefits based on your record, then the actual rates payable to your eligible family members would be reduced due to the family maximum benefit (FMB).
It sounds like you should strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully analyze the options available to you in order to determine your best strategy for maximizing benefits for you and your family.