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 PDtax Your Own Question

PDtax
PDtax, CPA firm owner
Category: Social Security
Satisfied Customers: 1870
Experience:  32 years tax and professional advice in all matters money
Type Your Social Security Question Here...
PDtax is online now
A new question is answered every 9 seconds

I am 74 and have collected SS benefits for approximately 20

Resolved Question:

I am 74 and have collected SS benefits for approximately 20 years, initially disability due to spinal surgeries and "failed back syndrome". My wife will be 65 next July and wishes to retire from the job where she has been employed for 41 years due to poor health. Would it be advantageous or even possible for her to draw on my account until she is 70 and how does that work? Would we both draw benefits from the same account? She may want to continue working part-time if possible.
Submitted: 8 months ago.
Category: Social Security
Expert:  PDtax replied 8 months ago.

PDtax :

Welcome to the site. I'm PDtax, and will be helping you today. Thanks for asking for me.

PDtax :

It might be advantageous to draw benefits on your earning record, and allow her benefits to grow. There are a few things to consider, so I will try to mention a few and point you to a calculator you can use to assist in making the choice.

Customer:

Thanks for the rapid response. I don't understand how the 'drawing from a spouse's account' works

Customer:

thanks

PDtax :

She could claim benefits based on 'filing as a spouse first, or FAASF. If she elects to do so, her monthly benefit would be based on 50% of your benefit, reduced for early retirement age. Doing so may have multiple advantages:

PDtax :

If her benefit now as a spouse would be more than claiming against her own work and benefit history, it's a clear win.

Customer:

what are the advantages?

PDtax :

If her work history and five more years of growth create a larger benefit for her when she is 70, that's a possible win, depending on the difference in benefits now.

Customer:

No, it would be much less than her own benefit, then and later. However, she would like to work part-time for a while and, I assume, she can change the situation and begin claiming on her own account at any time. Amm I correct?

PDtax :

You also mentioned she wanted to continue working part time. She would have to reduce her part time income to $15,120 per year in 2013 to avoid losing $1 for every $2 above that amount (there is a special rule for the first year of drawing benefits).

Customer:

That's helpful information. We would have to do some complicated calculating to figure out whether this would work. How do we apply for her access to my SS account?

PDtax :

http://www.socialsecurity.gov/planners/benefitcalculators.htm is the link to the calculator you can use to access both of your earnings histories and make the benefit decision. http://www.socialsecurity.gov/estimator/ is the link to apply for the access to her ss records.

Customer:

I should add that our's is a same-sex marriage so we have been able to have access to each other's accounts for only a matter of a couple of months but I believe that the laws applying to regular marriages are now exactly the same for our marriage. After 30 years together, it's about time!

PDtax :

https://secure.ssa.gov/acu/ACU_KBA/main.jsp?URL=/apps8z/ARPI/main.jsp?locale=en&LVL=4 is the link to the sign up page. The prompt is found on the benefits estimator page as well.

Customer:

This gives me information to discuss with her and possibly base a decision. If we have other questions on this same subject, can we come back to you or do we have to join one of the programs offered in order to do that?

PDtax :

If I have answered your question, rate my work, or Accept my answer. You can then return to ask me a follow up question by asking for me by name in the question title. I'm PDtax.

Customer:

Thank you very much for your help.

PDtax :

You're welcome.

PDtax, CPA firm owner
Category: Social Security
Satisfied Customers: 1870
Experience: 32 years tax and professional advice in all matters money
PDtax and 2 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:

    3083
    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:

    3083
    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:

    2699
    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:

    1112
    I have 30 years of legal and litigation experience, including representing clients before the U.S. Social Security Administration.
  • http://ww2.justanswer.com/uploads/mnphillips2/2009-03-13_203105_10984459-249293407.jpeg Phillips Esq.'s Avatar

    Phillips Esq.

    Attorney-at-Law

    Satisfied Customers:

    285
    B.A.; M.B.A.; J.D.
  • 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:

    253
    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:

    184
    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:

    132
    25 years of experience helping people like you.