Ask Larry: Questions and Answers | BAM - Maximize My Social Security

Displaying 2211 - 2220 of 10063 questions.

Can I Get Spousal Support?

Am on social security disability am 61 and now my husband retired when can I get spoiler support. Or my money.

Hi. By "support" I assume you're referring to spousal benefits. If your husband is collecting either Social Security disability (SSDI) or retirement benefits and unless you have a child in your care who's eligible for benefits on your husband's account, the earliest that you could potentially qualify for spousal benefits is at age 62. However, you'll only qualify for spousal benefits if your husband's primary insurance amount (PIA) is more than . . . Read More

Category: Spousal Benefits
Posted: Jul 23 2021 - 10:01am

Can A Non-Immigrant Spouse Apply For A Social Security Number To Collect Spousal Benefits?

Can nonimmigrant spouses from temporary workers who are collecting SS benefit apply for a social security number "NOT VALID FOR EMPLOYMENT" to collect SS spousal benefit or to apply for Medicare on their spouses work history if they are married and lived together in the US for more than 10 years and the worker has earned at least 40 quarters

Hi. Yes, that would be possible under certain conditions. For more details, refer to the following section of Social Security's operations manual: https . . . Read More

Category: Social Security Numbers
Posted: Jul 23 2021 - 9:52am

When Can I Start Working And Keep My Social Security?

I am 65 retired when can I start working and keep my Social Security with our losing any money from my Social Security check.

Hi. Depending on how much you earn, you might be able to work and collect benefits now. In 2021, people under full retirement age (FRA) can earn up to $18,960 without losing any benefits but they lose $1 of benefits for each $2 that they earn in excess of that amount. The exempt amount is higher (i.e. $50,520) for people who will reach FRA prior to the end of the year ( . . . Read More

Category: Earnings Test
Posted: Jul 23 2021 - 9:42am

How Much Would My Children's Auxiliary Benefits Be?

I have three children. My benefit amount is $1886. What would their auxiliary payments be for? Two of them receive SSI and one receives a Title Iv D adoption assistance payment of 795 for when I adopted him. My mother has custody and is retired and draws her retirement. She also is a 1099 contractor and has a job. Will this affect what they can earn? My step dad also works. I tried to calculate it myself but this is so confusing. Also my eligible onset date is August 2019.

Hi. I assume you mean that your children are either under age 18, or disabled from an . . . Read More

Category: Child Benefits
Posted: Jul 22 2021 - 4:22pm

What Is Our Best Strategy?

My wife is almost 64 and 4 years older than me with an FRA of 66.5. My FRA is 67. I was going to wait until 70 to file. What is our best strategy? I’m the main earner. Thank you!

Hi. One possibility would be for your wife to apply for her benefits at full retirement age (FRA), and for you to file for your benefits at age 70. Whether or not that's a good plan, however, depends on your and your wife's comparative benefit rates.

By waiting until age 70 to claim your benefits you would be providing your wife with the highest possible survivor rate if . . . Read More

Category: Filing Strategies
Posted: Jul 22 2021 - 4:13pm

Will You Provide A Calculator For People Who Were Born In 1960?

Will you provide a calculator for people who were born In 1960 who are getting screwed over because of the Average Wage index is calculated when they tuned 60 during the pandemic? I would like to compare my 35 + years of earnings earnings indexed as if i had been born in 1959 or 1961 to see how badly i got screwed.

Hi. Our software (https://maximizemysocialsecurity.com/purchase) includes a benefit calculator that would allow you to do what you have in mind, but the indexing factors needed to . . . Read More

Category: Calculating Retirement Benefits
Posted: Jul 22 2021 - 4:06pm

What Month Should I Start My Benefits To Receive My Full Age 70 Rate?

I am filing on line to start SS Ben. I turn 70 in November 2021 What month to I start the benefit
Oct for Nov pay
Nov for Dec pay ???????? I what to get the full amount but do not want to start a month late.

Hi. If you were born on the 1st day of November you'd want to choose October as your month of election to start benefits. If you were born on any other day in November, you'd want to choose November as your month of election to start benefits. Your first payment will be scheduled to arrive during the month following your month of election . . . Read More

Category: Filing For Benefits
Posted: Jul 22 2021 - 1:35pm

Do I Qualify For Benefits On My Deceased Ex-Spouse's Record?

My ex husband died a few months ago. We were married for fifteen years. He was deported and never collected his social,security. I did briefly remarry for three years. Do I qualify for spousal benefits?

Hi. If you're unmarried now or if your current marriage occurred after you reached age 60, then it sounds like you could potentially qualify for survivor benefits as early as age 60, or 50 if you're disabled. Your ex's deportation wouldn't affect your potential eligibility, assuming he was insured for Social Security benefits.

There isn't enough . . . Read More

Category: Divorced Widow(er) Benefits
Posted: Jul 22 2021 - 1:27pm

Is It True That I Can't Get My Deceased Husband's Benefits Until Age 70?

I’m a widow since 2005, and was wondering when can I start getting my husband’s Social Security widow benefits. I was told I have to wait until I’m at least 70 yes old. How true is that. If Doctor has considered me Disabled now..

Hi. I'm sorry for your loss. You don't need to be age 70 to be paid widow's benefits. Widow's benefits can be paid as early as age 60, or at age 50 if the widow is disabled. You don't mention your present age, so I don't know what options you may have. You may want to strongly consider using our software ( . . . Read More

Category: Widow's Benefits
Posted: Jul 22 2021 - 1:21pm

What Is The Amount You Can Earn And Still Draw Your Benefits?

What is the amount per year that you can make by still working and you still draw your benefits.because I am 62. I am undecided should I apply for my benefits or wait.

Hi. The Social Security earnings test exempt amount in 2021 is $18,960. For detailed information about the earnings test, refer to the following Social Security website: https://www.ssa.gov/benefits/retirement/planner/whileworking.html.

It sounds like you may want to strongly consider using our software ( . . . Read More

Category: Earnings Test
Posted: Jul 22 2021 - 1:00pm

Return to Ask Larry

Get What's Yours!

Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!

Find your maximized strategy
Unlimited what-ifs
Step-by-Step filing instructions
Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

Results will differ based on your specific case and filing strategy.

Getting Started is Easy

Web-based software. Works on ALL browsers. No download.

Get What's Yours—Buy Now!