I realize you have a question about social security. My goal is to help you better understand your options.
How are you today?
Unfortunately, you can only withdraw your social security application within the first 12 months of receiving benefits
so what you're saying is i cannot pay back what i have received and get more of my husbands SS ? right?
Unfortunately, that is correct. However, you can receive an increased amount, although it won't be equal to 1/2 his benefit
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
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
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?
Your benefit would have been $1,267 per month.
Your benefit at full retirement age would have been about $900 per month. So, you can increase your benefit by $367 per month
also, am i only paying you $60 total? i was confused about paying a monthly fee?
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
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
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ok thanks. i wish i'd had you before i turned 62 :)