Can I Collect Part Of My Deceased Husband's SS Now And Collect My Own SS When I Retire?
I’m turning 62 next month my husband passed away three years ago can I collect part of his ss , and still work, and then when I am ready to retire can I collect my ss?
Hi. I'm sorry for your loss. You can apply for widow's benefits now and wait until later to apply for your own benefits, but whether or not you can be paid benefits prior to your full retirement age (FRA) depends on how much you're earning. Social Security would need to withhold $1 of your benefits for each $2 that you earn in excess of $19,560 this year.
It sounds like your best . . . Read More
Category: Filing Options
Posted: Aug 15 2022 - 5:12pm
Will My Check Start Back Up Now That My Daughter Has Returned To My Care?
My daughter receives survivor benefits from her dad that passed in 2014. In 2018 I signed guardianship of her ovr to a relative therefore my check stopped bc she was no longer in my care. Hers started going to the family member with legal guardianship of her. My daughter is 15 now and has been living with me for over 18 months but her check still goes to that relative. We recently terminated guardianship. My question is will my check start bck now that she's back in my care and the money that the maker guardians have saved in the bank of hers what will happen to it? Will they . . . Read More
Category: Survivor Benefits
Posted: Aug 15 2022 - 7:50am
Do You Have To Reimburse SSI For Benefits Paid During The Five Month Waiting Period For SSDI?
I was approved for both ssi and ssdi do u pay reimbursement for the ssi u draw during ur 5 month waiting period from ssdi back pay took 8 months to recive ssdi
Hi. No. What you're describing is referred to by Social Security as an SSI Offset Computation. SSI stands for Supplemental Security Income, which is a needs based program administered by Social Security. Since SSI is needs based, it's only payable for months in which a person's income is low enough to qualify for SSI. And, SSDI benefits count toward the income limit for SSI. So, if a person . . . Read More
Category: Disability Benefits
Posted: Aug 14 2022 - 11:58am
Am I Entitled To My Father's Social Security Retirement Because I'm Disabled?
Hi my dad has passed away sept. of 2022. I'm 49 year old male I've been receiving ssdi only not ssi since 2011. So my question would I be entitled to get my father's retirement ssi monthly payments because im disabled. If yes what should I do and what are my steps? Should I apply for DAC Benefits or can they just be transitioned over automatically?
Brian
Hi Brian. I'm sorry for your loss. You can't be paid your father's actual Social Security benefits, but if you're unmarried and if you've been continuously disabled since before you turned age 22 . . . Read More
Category: Survivor Benefits
Posted: Aug 14 2022 - 11:51am
Will Social Security Reduce My Check Because I'm An Adult Foster Care Provider?
I am 65.5months and considering collecting my SS early. Can I do that and still be a Adult Foster Care provider? I know that AFC is not considered income but will SS take away from my check because of it?
Hi. My expertise is limited to Social Security benefits, so I'm not familiar with Adult Foster Care (AFC) regulations. All I can tell you is that if the payments you receive for being a foster care provider aren't classified by the IRS as wages or self-employment income, then they won't affect your Social Security benefits even if you decide to start . . . Read More
Category: Miscellaneous
Posted: Aug 13 2022 - 4:07pm
Will I Collect My Husband's Full Amount If I Start Drawing Widow's Benefits At Age 60?
My Husband passed away in Sept of last year he was collecting Disability , i will be 60 in Dec of this year i am going to apply for survivor benefits in Sept , my question to you is will i collect his full amount or is it a reduced rate and am i entitled to the Cola increases every year .
Hi. I'm sorry for your loss. No, if you start drawing widow's benefits at age 60, your widow's benefit rate will be reduced for age. When taken at age 60, widow's benefits are paid at 71.5% of the deceased spouse's primary insurance amount (PIA). A person's PIA is equal . . . Read More
Category: Widow's Benefits
Posted: Aug 13 2022 - 10:33am
Will Starting My Benefits In December Vs. January Make A Difference In Whether Or Not I Receive The Upcoming COLA?
I’m 62 and starting Social Security in either December 2022 or January 2023. Will it make a difference in the COLA starting in December versus January.
Hi. No. All Social Security cost of living (COLA) increases that occur after a person turns age 62 are added to their Social Security retirement benefit rate regardless of whether or not they are drawing benefits.
What drawing your benefits at age 62 will do is cause you to receive your lowest possible monthly benefit rate. If your full retirement age (FRA) is 67 and if you start drawing your . . . Read More
Category: Cost Of Living Increases
Posted: Aug 12 2022 - 3:45pm
Which Month Should I Choose To Start My Benefits?
I know you probably have answered this question a million times. My birthdate is September 7., 1952. On Social security application it asks for benefit start date. Should it be October or November? Thanks.
Hi. I assume you want to start your benefits effective at age 70, in which case you want to choose September 2022. Your first payment will then be due in October. Your benefit rate won't be any higher if you choose October or November instead of September, so you would just be losing a month or two of benefits if you did that.
Best, Jerry
Category: Retirement Benefits
Posted: Aug 12 2022 - 12:27pm
Will I Get The 2023 COLA If I Was Born In 1961?
I was born March 13, 1961. I will be 62 March 13, 2023. My SSA.gov estimate is $2025 per month . Assuming the 2023 COLA is 9 percent , will that Cola change my benefit amount . I plan to start drawing at age 62 . Thank you
Hi. No. Only people born prior to January 2 1961 will have the January 2023 Social Security cost of living (COLA) increase added to their Social Security retirement benefit rate, and they'll receive credit for the upcoming COLA regardless of when they start drawing benefits.
Up until a person reaches age 62, their Social Security . . . Read More
Category: Cost Of Living Increases
Posted: Aug 11 2022 - 7:34pm
Is There A Point At Which High Inflation And COLAs Negate The Advantage Of Waiting Until Age 70 To Collect?
Is there a point where high inflation and high COLAs from SS make the wait till 70 to collect strategy does not benefit someone?
Is there a graph that shows a break even point?
Hi. All Social Security cost of living (COLA) increases that occur after a person turns age 62 are added to their Social Security retirement benefit rate regardless of whether or not they are drawing benefits. So, you won't be giving up any COLA increases by waiting until age 70 to apply for your Social Security retirement benefits.
Our software ( . . . Read More
Category: Filing Strategies
Posted: Aug 11 2022 - 5:41pm
