Ask Larry

Non-Covered Pension - WEP / GPO

Will My SS Payment Be Subject To A WEP Adjustment?

A WEP related question, please. I worked overseas for an international organization many years and accumulated a pension that pays more than 50k annually. The pension is subject to U.S. taxes. During my time of overseas employment, I did not pay into social security. Prior and current work has qualified me to receive Social Security which I am eligible to draw on now, or postpone for a few more years when I reach FRA or 70, etc. Will my SS payment be subject to a WEP adjustment? My financial advisor said no; and, I think she is wrong.

Hi,

Posted: 
Tuesday, September 5, 2017 - 17:03

What Should I File For And When?

I am confused! I heard of gop and windfall. I am a 64 year old teacher in Louisiana who worked about 10 years in the social security system as a secretary low wages. My spouse died at 70 and still working and collecting social security. I plan to retire at 66. Do I file for widows, survivors, my own social security, first, last, same time as my trsl? Is there a book that can help me? trsl retirement about 1600$ who could live on that? Help?

Hi,

Posted: 
Tuesday, September 5, 2017 - 07:22

Wouldn't My Friend Be Able To Collect Widow's Benefits From Her Late Husband?

For a friend...her husband died 5 years ago at age 60 never having collected his social security. She is a retired teacher receiving Texas retired teacher monthly check...did not pay into social security. Would she not be able to collect a widow's benefit from her late husband? She was told no. Please advise. Thank you.

Hi,

Posted: 
Wednesday, August 23, 2017 - 06:25

Will My UK Pension Affect My Spousal Benefits?

my husband is collecting social security .We are both originally from UK My husband has small private teacher pension and small government pension through paying in stamps while working there.He worked over here over 30 years and the Windfall Elimination Act did not affect him .I have a small pension from social security of 300 a month so I am looking to take spousal benefits which would be more as my husbands social security $2100 a month.

Posted: 
Wednesday, August 16, 2017 - 08:02

Can I Get An Unreduced Benefit Rate Until I Start To Collect My Teacher's Pension?

I will turn 66 (full retirement age for SS) in 2 months. I worked for 17 years and qualify for SS from that work . I have been working as a teacher for the past 15 years and have not paid into SS for that work. My question is , If I plan to teach for 4 more years before I collect my teacher retirement. Can I receive SS benefits while i am still teaching and not have it reduced by WEP until I start to collect my teacher retirement in 4 years?

Hi,

Posted: 
Sunday, August 13, 2017 - 07:15

Is What I Was Told By Social Security Correct?

My husband died seven years ago. I am a Federal GOV employee. Social Security told me that because I still work full time and am a GOV employee, I could not collect my deceased husband's Social Security. I feel that I am penalized because I am a GOV employee. My retirement will be under CSRS and I will never collect Social Security because I don't pay it. Is this correct/

Hi,

I'm sorry for your loss.

Posted: 
Wednesday, August 2, 2017 - 09:58

Can My Wife Do Anything To Prevent A Windfall Reduction?

My wife and I immigrated to the USA from the UK in 1977. We maintained voluntary UK pension payments for about 10 years after entitling us to a reduced UK pension. I am 69, my wife 67. We have been receiving and paying tax on the UK pension for several years. My wife, who has worked 25 years, recently applied for SSI in the USA and is being questioned on the UK pension with potential for USA SSI to be reduced based upon UK pensions received presumably based upon "Windfall". Is there any defense against this? As we paid into both it seems somewhat unfair.

Posted: 
Friday, July 28, 2017 - 14:47

Am I Able To Collect Social Security From My Ex-Husband?

I was married for 21 years and have been divorced for 21. I retired from teaching with a pension but no social security as I only earned 37 quarters with odd jobs. Am I able to collect social security from my ex husband. I was told that if my pension is more than what I would collect from my ex husband's social security, the ss benefit from my husband is cancelled out. Is this accurate?

Hi,

Posted: 
Monday, July 24, 2017 - 08:00
MaxiFi software running on a laptop
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.