Would My Benefits Be Reduced If I Get Married And My Spouse Is Working Full-Time?
hello,
I am 62 years old and recently applied for SSI retirement( April) my question lies in my current relationship with a much younger woman, 35, whom I hope to marry soon. She works full time and has two young children that live with us full time (under 10) and am curious how getting married would impact my SSI benefits. Would they be reduced given her income ? And would the kids be eligible for benefits under my SSI? Thank you
Thank you
Hi,
I assume by SSI you're referring to Social Security retirement benefits and not Supplemental . . . Read More
Category: Miscellaneous
Posted: Apr 17 2020 - 10:25am
Can A Wife Return Her Deceased Husband's Benefits And Take An Increased Benefit At Age 70?
If a husband claims benefits at FRA of 66 (Wife is collecting her own benefit), but passes away six months later, can the wife choose to return his payments, with the intent of taking the husband’s increased benefit when she turns 70? Thank you
Hi,
No. You can't withdraw a deceased person's claim after their benefits have started, so the wife in your question could not undo her husband's application even if she returned the benefits he was paid. If any case, though, delayed retirement credits (DRC) can't accrue after a person's death, so there'd be . . . Read More
Category: Filing Options
Posted: Apr 17 2020 - 10:06am
Should My Wife File At FRA To Get 50% Of My FRA Benefit?
I am married. I was born in Dec. 1953. My wife was born in Sep. 1954. I am currently working full-time, maxing my 401K and company match. I am enrolled in an HDHP medical plan at work and maxing out my HSA contribution. My company has well over 500 employees. I plan to work for another year or two. My question is should my wife start taking Social Security benefits this year on her birthday when she reaches her full retirement age (FRA) and get 50% of my FRA benefit? Fortunately, we do not need the money at this time. I have not filed for Social Security or medicare. I was . . . Read More
Category: Filing Options
Posted: Apr 16 2020 - 3:03pm
What Can I Do To Get My Benefit Rate Increased?
Hi Larry
I started claiming SS at age 66 in 2016- my retirement age (born in 1949) but then back to work in 2018 and I am
still working. I am now earning a salary that is higher than about 30 of my 35 years working that were previously
used to calculate my original benefits. I have not seen an increase (besides the COLA) in 2019 or this year yet. When I called to SS yesterday- the rep was very laid back and said that I should wait until November 2020 to see if I see any increase but that I should not expect a retro increase for 2019. This seems very wrong to . . . Read More
Category: Retirement Benefits
Posted: Apr 16 2020 - 2:22pm
If I'm Payee For My Kid's SS Benefits Will I Get A Stimulus Check?
If my kids get SS BENEFITS and I am the payee will I get a stimulus check??
Hi,
I don't know. Stimulus payments are not Social Security benefits, which is my only area of expertise.
Here is some pertinent information that the Social Security Administration has published: https://www.ssa.gov/coronavirus/.
Best, Jerry
Category: Miscellaneous
Posted: Apr 16 2020 - 2:04pm
Will My Mom Be Able To Receive Any Of My Dad's Benefit As A Survivor?
Hi Larry! My father recently passed away and I have a question about the amount my mom "might" expect to receive...
Here is the situation:
My dad died in March 2020 at age 76. He was receiving about $1880 per month in Social Security. My mother, age 75, also receives a Social Security benefit based on her own earnings. Her gross benefit is around $390 with a net of about $97 after deductions. My mom also receives approximately $2000 per month from her Ohio Teacher's Pension.
Will my mom be able to receive any of my dad's benefit as a survivor? There seems to . . . Read More
Category: Widow's Benefits
Posted: Apr 16 2020 - 8:17am
Is It Possible That My Brother Will Be Able To Receive Social Security Retirement Benefits?
Hi, I have a brother who was born in 1964. He worked on and off, mostly off, until age 32, which included a short time as a police officer for a wealthy town. At age 32 he decided working wasn't for him and attempted to get social security disability retirement for a non-existent back injury - and was denied by social security. He did not appeal. Instead he stopped working entirely. He was granted a very small pension payment monthly in exchange for permanent retirement as a police officer for that town. Receiving only that meager income each month our parents allowed him to . . . Read More
Category: Miscellaneous
Posted: Apr 15 2020 - 3:29pm
As A Representative Payee, Am I Eligible For The Coronavirus Stimulus Package?
As a Representative Payee, am I eligible for the coronavirus stimulus package
Hi,
I'm unable to answer any questions regarding stimulus payments because my only area of expertise is Social Security benefits.
The IRS has established the following website with information about stimulus payments: https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments.
Best, Jerry
Category: Miscellaneous
Posted: Apr 15 2020 - 3:22pm
If I Get SSI On My Direct Express Card Will I Get My Stimulus Payment There, Too?
I get SSI and have for years.im66.I get my benefits on my Direct.express card ,will I get my stimulus on there too.I have no children thank you
Hi,
I'm sorry, but I can't answer your question. My only area of expertise is Social Security benefits, and the stimulus payments are not Social Security benefits.
For Instructions on what, if anything, you may need to do to receive a stimulus payment, you may want to refer to the following IRS website: https://www.irs.gov/coronavirus/ . . . Read More
Category: Miscellaneous
Posted: Apr 15 2020 - 3:17pm
Can My Husband And I Use File And Suspend For Me To Claim Spousal Benefits?
My husband's birthday is 12/11/53 and mine is 01/09/1954. Can we use file and suspend for me to claim spousal and my husband would then wait till 70 to file.
Hi,
No. You couldn't claim spousal benefits without also being deemed to apply for your own benefits at the same time, nor could you be paid spousal benefits at least until your husband starts drawing his own Social Security retirement benefits. That's because you were born after January 1 1954.
On the other hand, your husband could file just for spousal benefits while allowing his own . . . Read More
Category: Filing Strategies
Posted: Apr 15 2020 - 3:02pm
