A One-Page Guide to Protecting Lifetime Benefits
Step 1: Identify Your Dependent’s Status
☐ I have a child or adult dependent with a disability
☐ My dependent receives SSI or Medicaid
☐ My dependent may qualify for Disabled Adult Child (DAC) benefits
☐ I am the primary caregiver
Tip: Special needs considerations affect timing and benefit coordination.
Step 2: Parent/Caregiver Health & Longevity
☐ I am in good health
☐ Longevity runs in my family
☐ I have serious health concerns
Tip: Delaying Social Security may increase survivor benefits for your dependent.
Step 3: Household Income Needs
☐ I need Social Security income immediately
☐ Savings, work income, or other support can cover expenses
☐ I am willing to delay benefits to maximize long-term support
Tip: Early claiming may reduce DAC, SSI, or survivor benefits.
Step 4: Special Needs Benefits Impact
☐ My dependent receives SSI (income/asset limits apply)
☐ My dependent relies on Medicaid
☐ I have or plan to set up a Special Needs Trust (SNT)
Tip: Social Security income can affect eligibility. Timing must be coordinated with trusts.
Step 5: Survivor & DAC Planning
☐ I want to maximize survivor benefits for my dependent
☐ My dependent qualifies for DAC benefits
☐ I have considered what happens if I die before full retirement age
Tip: Delaying the higher earner’s Social Security can increase lifelong security.
Step 6: Employment Considerations
☐ I plan to work while claiming Social Security
☐ I understand earnings above limits may temporarily reduce benefits
☐ My income strategy is coordinated with dependent’s needs
Tip: Earnings can affect SSI/Medicaid eligibility and household benefits.
Step 7: Professional Guidance
☐ I have consulted a Social Security expert familiar with special needs
☐ I have consulted a special needs attorney regarding trusts
☐ I have coordinated financial, tax, and retirement planning with my dependent’s support plan
Tip: Professional guidance is essential
Maximize Your Retirement with Senior Financial Services Inc
Social Security Timing Part 5 (Special Needs Checklist)
At Senior Financial Services we don’t take shortcuts. Hard work and research are hallmarks of our practice.
For help with your retirement planning needs, contact Fred Orentlich of Senior Financial Services at 800-679-2858