When you are awarded SSA disability benefits, they may not last forever. You cannot draw both disability and retirement benefits at the same time.
Indeed, if you are drawing SSI and are eligible for SSA early retirement (at 62) you have to take it regardless of the amounts involved. If you are not eligible, then you can keep drawing your SSI benefits.
On the other hand, if you are drawing DIB, then there are no concerns. At age 66, your benefit will simply be re-christened retirement and the monthly monetary benefit will remain the same.
Outside of SSA disability, the choice to take SSA early retirement often boils down to the effect on your monthly monetary benefit.
Taking it will decrease the monthly monetary benefit you would be eligible for at the regular retirement age. One has to weigh the worth of immediate cash versus a much greater cash benefit if you can hold off until a later retirement age.
The SSA has a website that goes into a bit more detail on the ramifications of early versus late retirement for those who are interested in exploring this aspect.
Also, for those interested in how much they will be able to draw when they retire, the SSA also has a Retirement Estimator that should give you a good idea.
If you or your child have been denied disability benefits or suffer from a severe impairment that is expected to last more than twelve months and that prevents you from doing any of your past or other work or is causing developmental delay, please contact our office nearest to you to set up a free consultation appointment to discuss your situation.