As an elderly you require to know facts about social security to ensure a more secure retirement. The social security fund was set up so that you do not become poorer as you grow older. The government program is an effective tool that can help you in your old age and has been successfully implemented for decades.

1. If you are eligible for social security funds you can apply in person, online, by phone or contacting the nearest U.S social security office, consulate or embassy if you do not reside in the U.S.

2. The age to start collecting social security benefits can be as early as 62 or as late as 70. Starting your retirement early may reduce your benefits monthly before your full retirement age.

3. Social security is more than a retirement program. Compared to other government programs, it pays more benefits to children. Moreover, the program caters for the retired, disabled, depended spouses and survivors.

4. It provides majority income for the elderly. The program is critical for your quality of life since it can provide over half of your income.

5. To be eligible for the benefits you need to have earned 40 social security credits. Persons who have worked for 10 years or more can apply for social security benefits since most earn 4 credits a year.

6. Social security helps reduce poverty among the old. Before the receipt of the benefits most seniors earn below the poverty line and the benefits lift their basic living especially for women.

7. There is no monthly minimum amount for the benefits. As long as you have a social security number and have been filing your tax returns yearly you are eligible for benefits dependent on your retirement system.

8. You can receive social security benefits while still working, which could mean more benefits for you in the future. More benefits in the future can mean an increase to what your survivors and family could receive.

9. The full retirement age to collect social security funds is determined by your year of birth. If you take the benefits prior your full retirement age and earn more than the annual earnings limit the benefit can reduce. After attaining your retirement age your benefit will not be reduced.

10. You can boost your social security amount by maximizing on earnings, delaying your benefits and claiming late.