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 Lane Your Own Question
Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 10163
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial, Social Security & Tax advice since 1986
1929974
Type Your Social Security Question Here...
Lane is online now
A new question is answered every 9 seconds

I am 73 and have never taken Social security and I'm a

Customer Question

I am 73 and have never taken Social security and I'm a retired teacher. I'm also retiring from the city of Keller where I am a librarian. My husband passed away and was vested in Social Security.
Submitted: 1 month ago.
Category: Social Security
Expert:  Lane replied 1 month ago.

Hi. My name's Lane. I can help here

...

I have a law degree, with concentration in Tax Law, Estate law & Corporate law, an MBA, specialization in financial accounting & tax, a BBA, and CFP & CRPS designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice, since 1986.

...

How can I help?

Customer: replied 1 month ago.
What is the first thing I should do? Should look into my husband social security or just mine?
Expert:  Lane replied 1 month ago.

OK, I still don't see you coming back into the chat here. So, I'll try to provide some general information.

..

As you may know, those that have worked under systems not paying into Social Security, such as state and local governments, state teachers' systems, etc., can have their work benefits reduced (by a provision in the law called the Windfall Elimination Provision- WEP) or the Government pension offset (GPO), in the event of spousal or survivor benefits

Expert:  Lane replied 1 month ago.

Sorry ... looks like there was en error with the call request?

Expert:  Lane replied 1 month ago.

I'll go ahead with one more foundational piece here ... Likely your OWN work record would produce the smaller reduction.

...

The WEP can never reduce a benefit to zero. ( a fairly complicated formula)

...

The GPO (which would affect the auxiliary benefits of survivors or spousal benefits) CAN eliminate entirely.

...

The GPO reduces the spousal or survivor benefit by 2/3 of your non-social security pension ... so that if the government pension is large enough, the SSA benefit can be reduced to zero

Expert:  Lane replied 1 month ago.

(just made the offer from MY end ... sometimes that seems to work)

Expert:  Lane replied 1 month ago.

Still With me?

...

Here's the SSA publication on WEP

...

https://www.ssa.gov/pubs/EN-05-10045.pdf

...

Here's the SSA publication on GPO

...

https://www.ssa.gov/pubs/EN-05-10007.pdf

Expert:  Lane replied 1 month ago.

OK, again, be glad to discuss this and can help to estimate benefits if you can provide more specificity.

...

Please let me know if you have questions at all, before rating me.

...

But if this has helped, and you DON’T have other questions … I'd appreciate a positive rating (using the stars or faces on your screen, and clicking “submit").

...

Thanks!

Lane