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 R. Klein, EA Your Own Question

R. Klein, EA
R. Klein, EA, Accountant
Category: Social Security
Satisfied Customers: 2880
Experience:  Tax matters relating to Social Security Benefits only
Type Your Social Security Question Here...
R. Klein, EA is online now
A new question is answered every 9 seconds

I am 74 and I receive Social security. My wife is 55 and still

Resolved Question:

I am 74 and I receive Social security. My wife is 55 and still working. Can we use FAASF and how would we start.
Submitted: 10 months ago.
Category: Social Security
Expert:  R. Klein, EA replied 10 months ago.

R. Klein, EA :

Hello, and thank you for your Social Security question.

R. Klein, EA :

FAASF refers to "File as a Spouse First".

R. Klein, EA :

In order for your wife to qualify for SS benefits, she first has to have passed her 62nd birthday

R. Klein, EA :

She is too young right now.

R. Klein, EA :

When she turns 62, you will want to determine if she is eligible for ANY benefit, because if she is still working at Age 62, her benefit will be reduced if she is earning more than about $15K a year.

R. Klein, EA :

When she turns 66, she will be eligible for full benefits regardless of her working status.

R. Klein, EA :

The benefit to using "FAASF" strategy is that she can receive up to 50% of your benefit while she waits until Age 70 while her benefit grows based on her work record.

Customer:

Is there anything I can do to get my payments, because they seen to low.

R. Klein, EA :

Get your payments? What do you mean?

Customer:

Sorry , they are to low

R. Klein, EA :

If you are Age 74, your benefit will only increase based on COLA (Cost of Living).

Customer:

My monthly payments from SS

R. Klein, EA :

Did you start taking a benefit when you were 62? Or did you start at Age 65?

Customer:

62

R. Klein, EA :

You took an early benefit. As a result, your benefit monthly payment was reduced and will be premanently reduced.

R. Klein, EA :

At this point, you are pretty much stuck with that choice you made 12 years ago.

Customer:

I understand, I made over 100K for the last 10 years I worked.

Customer:

I sthere any way to get a review?

R. Klein, EA :

You may contact the Social Security Admin directly(NNN) NNN-NNNN/p>

R. Klein, EA :

Remember that your benefits are based on the highest 35 YEARS of working, not just the last 10

R. Klein, EA :

But your benefit is permanently reduced by about 30% from what its maximum could have been had you started at Age 65

Customer:

I understand. My average salary was about 75K over the 35 years

R. Klein, EA :

I do not have the tools to review your account since we are not part of the Social Security system here

R. Klein, EA :

We have no personal information about your account.

R. Klein, EA :

I can only answer general questions like what FAASF is.

R. Klein, EA, Accountant
Category: Social Security
Satisfied Customers: 2880
Experience: Tax matters relating to Social Security Benefits only
R. Klein, EA and 3 other Social Security Specialists are ready to help you

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:

    3086
    35 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:

    3086
    35 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:

    3247
    Licensed CPA, CMA, CFE 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:

    188
    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:

    137
    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.