Can You Collect Unemployment and Social Security?

You may qualify for unemployment benefits and Social Security if you lost your job during the pandemic 

Or recently. Workers who lose their financial support and meet certain requirements are eligible for unemployment benefits. 

Consider taking Social Security payments if you are at least 62 years old or disabled. 

Taking unemployment and Social Security benefits together may be possible, but you'll want to be aware of tax and income implications.

In the event that you lose your job and are nearing retirement or become disabled:

2. Consider applying for Social Security.

3. Consider your options with a financial advisor.

1. Find out if you qualify for unemployment benefits.

4. Choose the benefits that suit your needs and apply for them.

3. Consider your options with a financial advisor.

Learn how to collect unemployment and Social Security, along with how to strike the right balance.

You may qualify for unemployment benefits if you lose your job. A job loss must be caused by no fault 

How to Collect Unemployment

Of your own to qualify for unemployment benefits in most states, says Sabrina Taylor,

An assistant professor at Coppin State University in Odenton, Maryland. As soon as you become unemployed, 

Contact your state's unemployment insurance program. In general, you will receive your first benefit check

Two to three weeks after filing your claim, Taylor says. You can schedule an appointment with an employment office in your area as you search for a new job.

You may receive Social Security payments if you are unemployed and close to retirement age. 

How to Collect Social Security

The decision to apply should be weighed before beginning the process, according to Bill Ryze

A certified chartered financial consultant at Fiona Financial. Social Security benefits will be reduced

if you apply before your full retirement age. When you wait until you are 70 years old to start social security payments, 

Swipe Up to Read More Stories

Swipe Up