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Do veterans get extra old-age benefits if they were active duty?

Most people have a lot of respect for veterans of the armed forces. That's because, in many cases, these individuals have sacrificed years of their life to serve their country, perhaps even going to war for it. In a lot of people's minds, we should all show veterans our gratitude for their service, including the government for whom they served.

This isn't just a sentiment among civilians though. It's something the government believes as well, which is why they offer additional benefits to veterans. These benefits can range from low-cost or even free health care to other services and resources. But did you know that if you are a veteran, you can also receive extra earning credits from the Social Security Administration?

Called special extra earnings credits, these additional funds are awarded to veterans who were active duty service members. But as SSA points out, your time of active during can affect whether or not these benefits are automatically added to your retirement benefits. To see whether you qualify for these special extra earnings credits, you can check out the Administration's website or talk to someone at your local Social Security office.

Planning for your future

As so many of our more frequent readers know, money becomes increasingly important after you retire because you no longer have the additional income from a job to help cover medical costs or day-to-day expenses. One way to maximize your benefits is to check every available benefit that applies to your situation, including veterans' benefits if you served in a branch of the armed forces. In the end, maximizing your benefits may ensure that you will be financially secure throughout the rest of your retirement.

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