What Do I Need To Do To Get Social Security To Reissue My Benefit Payment That The Bank Returned?
Hello, My very first retirement benefit was direct deposited into my old account which was closed, i called my bank and they said they have returned the funds back to SSA, this was 3 months ago. Now, i changed my direct deposit information and my monthly payments is been deposited into my new account for months now. But i have been expecting SSA to re-pay back the funds my bank returned to my new account. But it has been months and nothing has happen so far. Does it mean i want get the money bacK? what do i need to do?
Thanks.
Hi,
Your new . . . Read More
Category: Miscellaneous
Posted: Nov 12 2020 - 6:20pm
Can I Draw On My Ex's Benefits?
I am on disability and social security now. I'm currently 63. Can I draw on my ex's benefits. We were married 13 years.
Hi,
Assuming that your ex-spouse is living and that what you're receiving is either Social Security disability (SSDI) or Social Security retirement benefits, the only way that you could be eligible for additional benefits as a divorced spouse is if a) your ex is either drawing his Social Security benefits or he's at least age 62, and b) your ex's primary insurance amount (PIA) is more than twice as much as your own PIA. A person's . . . Read More
Category: Divorced Spousal Benefits
Posted: Nov 12 2020 - 4:10pm
Will Social Security Send Me A New Card If I Only Submit A Birth Certificate?
I sent for a copy of my social security card with my name at birth as Philadelphia Driver Bureau want transfer my drivers license with social security card with my married last name. I sent a copy of my birth certificate but forgot to send copy of drivers license with social security form. Will they send new card with one piece of ID, the birth certificate, I sent?
Hi,
No, or at least they aren't supposed to according to their rules. If you're changing the name on your Social Security card from your married name to your maiden name, in addition to . . . Read More
Category: Social Security Numbers
Posted: Nov 12 2020 - 10:53am
Does The Higher Earnings Test Limit Apply For The 12 Month Period Prior To The Month You Reach Full Retirement Age?
I will reach full retirement age in January 2022. I would like to start collecting Social Security in February 2021 as I will not earn more than $48,000 in 2021. My question is does Social Security count 12 months before your normal retirement age as the higher earnings amount or do they use calendar months? Thank Larry
Hi,
No. The applicable annual earnings test limits are based on calendar years. If you reach full retirement age in February 2022, you won't be eligible for the higher earnings test limit until the calendar year of 2022. The lower . . . Read More
Category: Earnings Test
Posted: Nov 11 2020 - 9:23am
Could I Leave My Home To My Grandson Without It Affecting His SSI?
I WOULD LIKE TO LEAVE MY HOME TO MY GRSON WHO RECIIEVE S SSI .HOW EVER I LIVE IN CALIF HE LIVES IN WYOMING COULD HE SELL MY HOME , USE THE MONEY FOR A HOME THERE IN WYOMING WITH OUT IT AFFECTING HIS SSI?
Hi,
Assuming that your grandson is unmarried, he couldn't have assets of more than $2000 and still be eligible for Supplemental Security Income (SSI). A home in which an SSI recipient lives is excluded from counting as an asset, though, so if your grandson buys and lives in a home he could potentially qualify for SSI if he meets the other . . . Read More
Category: Supplemental Security Income
Posted: Nov 11 2020 - 8:28am
Why Was My Benefit Payment Deposited Early This Month?
Hello Larry!
I have been receiving my SS check on the second Wednesday of the month since it began. Today, Nov.10th is a Tuesday and I see my SS has been already deposited to my bank account. Any reason for the day early rather then my usual Wednesday? My birthday is November 7th. Thanks for answering this question. Doris
Hi Doris,
Whenever a person's normal monthly payment day falls on a weekend or federal holiday, their Social Security benefit is delivered on the last business day prior to the weekend or holiday. Your regular payment day . . . Read More
Category: Payment Dates
Posted: Nov 10 2020 - 10:28am
What's The Best Plan For My Wife?
I have retired and am receiving benefits. My wife is 62.5 y/o and we would like to develop a plan for her to follow.
Hi,
Your wife's best strategy depends on numerous different factors. I would suggest that you strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully analyze all of your wife's various options so that she can choose the best plan for maximizing her benefits.
Best, Jerry
Category: Filing Strategies
Posted: Nov 9 2020 - 4:21pm
Will My Retirement Amount From The U.S. Be Reduced Because Of My Work In Uruguay?
I worked many years in Uruguay before moving to US. Now I get to the necessary age to retire there for those years.
Now I am a US citizen and I have worked here enough to get my SS retirement. Is my retirement amount in US going to be reduce since I have the one in Uruguay. I am a citizen of both countries.
thanks for your explanation
Hi,
If you mean that you're getting a pension based on your work in Uruguay, then yes your U.S. Social Security retirement benefit rate will most likely be lowered due to the Windfall Elimination Provision ( . . . Read More
Category: Non-Covered Pension - WEP / GPO
Posted: Nov 9 2020 - 11:59am
What Do I Need To Do To Switch From Spousal Benefits To My Own Benefits At Age 70?
Hi Larry,
I have a question:
I'm currently collecting spousal benefits, and I'd like to switch to my own social security record when I reach 70 years-old on 03/20/2021. Can you please let me know what I have to do?
Thank you very much for your help.
David
Hi David,
You'll need to file an application for Social Security retirement benefits, and you'll want to choose March 2021 as the month to start your own benefits. That's the payment that comes in April, by the way.
You can try applying online at Social Security's . . . Read More
Category: Filing For Benefits
Posted: Nov 9 2020 - 8:04am
Do I Need To Worry About My Benefits If I Move To Germany?
Hi Larry,
I’m 58, on full disability due to 4 back surgeries and my lady is a German national still living in Germany. We have been traveling back and forth since 2012. We would like to be together permanently and I would like to move there because she has 5-7 years to retire. We aren’t interested in getting married at this time, but I’m a bit nervous about moving there being in disability..
Thanks
Steve
Hi Steve,
Assuming you're a U.S. citizen and that what you're receiving is Social Security disability (SSDI) benefits, then moving . . . Read More
Category: Disability Benefits
Posted: Nov 8 2020 - 8:22am
