Hi Larry, I am planning on working part time, and collecting my deceased husband’s social security. By the way I am 60 years old. How much can I make a year without been penalized.?
Hi. The current Social Security earnings test exempt amount is $18,960 (https://www.ssa.gov/benefits/retirement/planner/whileworking.html). If you earn less than that in 2021 then you would not lose any benefits because of your earnings. But, Social Security would need to withhold $1 of your . . . Read More
Hi Larry. If I will receive the Social Security Benefits at 62 years old, can I swish to my husband Social Security Benefits, when he will receive.
If yes how much % I will receive form my husband Social Security Benefits?
Thank you very much.
Larissa
Hi Larissa. You can't switch from your own benefits to a spousal benefit, but you might be able to qualify for an excess (i.e. partial) spousal benefit in addition to your own benefit when your husband starts drawing his benefits. However, you'll only qualify for excess spousal benefits if . . . Read More
I have a couple of questions that I am hoping you can answer.My 30 year old son gets SSI not SSDI as he does not have work credits. Social Security has told me that his designation of Temporarily Disabled will never be changed to full disabled because of that . Is that correct? Secondly his mother is of retirement age and is retiring at the end of August but not going to file as she will be getting a federal pension and would rather wait a few more years to file as the payment will be greater. So my question is can my son re-file under her SS and if yes does he need to wait . . . Read More
I've been on SSDI since my 50s and I'm now in my early 60s (not quite 62) My initial approval letter said my case would be reviewed in 5 to 7 years. It's now one month past 7 years and I've never been contacted for a review. Is there something I should do? Do they ever not do a review? Or could it be they made a mistake and I'll find out in a few years when they try to take back things they've already paid me?
Hi. You don't need to do anything unless and until Social Security initiates a review. As long as Social Security has your correct mailing address, . . . Read More
I need to change my bank information. Routing and account number. I had to close my old account and transfer funds to a new account
Hi. You may be able to change the account where your Social Security benefits are directly deposited online (https://www.ssa.gov/myaccount/direct-deposit.htmlinformation), but if not you'll need to call Social Security at 800-772-1213. In theory you could request a direct deposit change by mailing in a form ( . . . Read More
Hi Larry - Thanks. I worked 5 years for Houston Based Company overseas. Received W2 from Houston office and paid US Income Taxes. Neither my employer or my self - no body paid into Social Security.
I did not know about benefits. Now I work locally and realized I am not qualified for Social Security benefits because I have only paid into 4 years.
Can a big corporation get away with this, they deducted my taxes, gave me W2 but did not pay into my SS.
Please advise.
Hi. There are different types of tax withholdings, and you only get Social . . . Read More
I am currently receiving railroad retirement. Can my wife file for RR spousal benefits at age 62 and then switch to her own social security benefits at her full retirement age 67 ?
Hi. I'm not an expert on the Railroad Retirement (RR) program, but regardless of if or when your wife collects RR benefits she would be free to wait until full retirement age (FRA) or even age 70 to claim her Social Security retirement benefits. If your wife is receiving RR benefits and she subsequently files for Social Security benefits, the Railroad Retirement Board (RRB) will . . . Read More
Hi, would PUA unemployment benefits affect SSDI in any way? Thanks
Hi. No, unemployment benefits have no effect on Social Security disability (SSDI) benefits. However, if a person was receiving Supplemental Security Income (SSI), receiving unemployment payments would almost certainly cause their SSI benefits to be reduced.
Best, Jerry
I received a letter from Social Security in June 2021 stating they overpaid me $29438.00 and expect to recover this amount, or with take my full benefit starting Sept. They claim I have collected on 2 or more records from the first day I applied ,Feb 2010, for early SSI benefits. I had been married for 23 yrs, my ex spouse and I were both 63 yrs old at the time I applied for early benefits in Feb /2010. I had been divorced from him since 2004 and I had remarried in 2007. the SS representative recommended I collect on my ex spouse as i could receive a higher amount, which is . . . Read More
I'm hearing about a SS benefit called, " spousal bump". Is there such a thing. I will turn 66 on September of this year. I retire November of this year and don't get my first ck till January of 2022. My wife is on disability and won't be 66 till June of 2022. Once again. Is the Spousal Bump for real, and how does it work.
Thank you
Hi. There's no benefit specifically named a 'spousal bump', but I assume that what you've heard about are excess spousal benefits. If a person is receiving their own Social Security benefits and if they also apply for . . . Read More
Results will differ based on your specific case and filing strategy.