How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Megan C Your Own Question

Megan C
Megan C, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 15588
Experience:  Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
23669918
Type Your Social Security Question Here...
Megan C is online now
A new question is answered every 9 seconds

hi, i started collecting SS when i turned 62. i am now 66

Resolved Question:

hi,
i started collecting SS when i turned 62. i am now 66 and my husband is 66. he is going to file & suspend. what i want to know is: can i pay back the $ i have received thus far so that i can receive more of his SS benefit?
Submitted: 1 year ago.
Category: Social Security
Expert:  Megan C replied 1 year ago.

MyVirtualCPA :

I realize you have a question about social security. My goal is to help you better understand your options.

MyVirtualCPA :

How are you today?

MyVirtualCPA :

Unfortunately, you can only withdraw your social security application within the first 12 months of receiving benefits

Customer:

so what you're saying is i cannot pay back what i have received and get more of my husbands SS ? right?

MyVirtualCPA :

Unfortunately, that is correct. However, you can receive an increased amount, although it won't be equal to 1/2 his benefit

MyVirtualCPA :

You would take 1/2 of his benefit, and subtract out what you would have received if you drew your benefit at age 66. Then, you take that amount and add it to what you are currently drawing

MyVirtualCPA :

So, if 1/2 of your husband's benefit was $1,200 and you would have drawn $1,000 at full retirement and are actually drawing $750, you would take $1,200-1,000 = $200 and add that $200 to $750 for a benefit of $950

Customer:

wow....ok sooo he gets the max which is $2533 per month. what would my amount have been if i had waited until 66 to draw on his? right now i am drawing approx. $611 per month. and how do i explain this to the SS office when i call them? or should i do this on-line?

MyVirtualCPA :

Your benefit would have been $1,267 per month.

MyVirtualCPA :

Your benefit at full retirement age would have been about $900 per month. So, you can increase your benefit by $367 per month

Customer:

also, am i only paying you $60 total? i was confused about paying a monthly fee?

MyVirtualCPA :

You should only pay $60 one time. If you're concerned that you signed up for a subscription, you can email customer service and request that they ensure that you were not enrolled in a subscription

MyVirtualCPA :

And, when you call social security you would tell them that you want to switch to spousal benefits. They will make the calculation and your benefit should increase by about $367 per month

MyVirtualCPA :

Do you have further questions/

MyVirtualCPA :

If you have no further questions, please rate my response as "excellent" so that I may receive credit for assisting you today

Customer:

ok

MyVirtualCPA :

Do you need anything else?

Megan C, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 15588
Experience: Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
Megan C and other Social Security Specialists are ready to help you
Expert:  Megan C replied 1 year ago.
Thanks, Janet. I really appreciate that you requested me directly today. I appreciate your positive rating. If you need anything else, please come back to me. I can answer tax, finance, or social security questions.

Also, you will receive a survey in your email in a couple of days. Your positive feedback on this survey will help me with my status on the site. Thanks again.
Customer: replied 1 year ago.

ok thanks. i wish i'd had you before i turned 62 :)


 

Expert:  Megan C replied 1 year ago.
Oh Thank you very much. Well you have me now so feel free to contact me anytime. I am usually online most all day and night so I can answer any question you have in a timaly manner.

I hope you enjoy the rest of your weekend.

Thanks again.
Megan

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • dylatess

    ATTORNEY

    Satisfied Customers:

    3096
    36 plus years of SSD practice
< Last | Next >
  • http://ww2.justanswer.com/uploads/DY/Dylatess/2012-9-11_1968_BHBTemplePhoto.64x64.jpg dylatess's Avatar

    dylatess

    ATTORNEY

    Satisfied Customers:

    3096
    36 plus years of SSD practice
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    3942
    Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/LA/LawTalk/2012-6-6_17379_LawTalk.64x64.JPG LawTalk's Avatar

    LawTalk

    Attorney

    Satisfied Customers:

    1138
    I have 30 years of legal and litigation experience, including representing clients before the U.S. Social Security Administration.
  • http://ww2.justanswer.com/uploads/FA/fastfile/2011-12-15_23139_Klein2011small.64x64.jpg R. Klein, EA's Avatar

    R. Klein, EA

    Accountant

    Satisfied Customers:

    254
    Tax matters relating to Social Security Benefits only
  • http://ww2.justanswer.com/uploads/dkaplun/2009-05-17_173121_headshot_1_2.jpg Dimitry K., Esq.'s Avatar

    Dimitry K., Esq.

    Attorney

    Satisfied Customers:

    198
    Licensed in multiple jurisdictions, experienced business attorney.
  • http://ww2.justanswer.com/uploads/FL/FLAandNYLawyer/2012-1-27_14349_3Fotolia25855429M.64x64.jpg FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Satisfied Customers:

    143
    25 years of experience helping people like you.
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    83
    15+ years assisting tax clients with taxation and eligibility of Social Security Benefits.
 
 
 

Related Social Security Questions

Chat Now With A Social Security Expert
Megan C
Megan C
4174 Satisfied Customers
Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level