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Recent Benefits Amount questions

I am 65 and have collected SS since I turned 62. My husband

I am 65 and have collected SS since I turned 62. My husband turns 66 (full retirement age) on 2/15/17 and would like to retire. Will I be able to collect off of him when he retires? Since I never had a high paying job my benefit is a very sad amount, and it would increase by more then double if I can collect off of his.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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Social security question. Cannot seem to get an accurate

Social security question. Cannot seem to get an accurate answer. I am 63 years old. My full benefit at age 66(full retirement) would be $2600 per month. I have 2 minor children. If I retire now, by monthly benefit will be $2000 per month. Can you tell me how much in benefits each of my children would also receive if I retire now.? Secondly, when my oldest reaches 18 and no longer qualifies, would my benefit for my youngest increase? There is no spouse involved.

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I've just reached age. I have not taken benefits yet. By how

I've just reached age 69. I have not taken benefits yet. By how much does my benefit amount rise because of my age. Also does it matter in the amount if I wait till I'm 69 1/2?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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Turned 62 on 11/28/15. Applied ss work benefits in 12/2015

Turned 62 on 11/28/15. Applied for my ss work benefits in 12/2015 and MOE of 12/2015. Was not eligible for spousal benefits and did not desire to receive spousal benefits. Husband turned 62 on 12/25/15 and applied for his benefits in 1/2016. His MOE was 1/2016. SS Admin started sending me spousal benefits 2/2016 even though I did not apply for them. Am I required to take the spousal benefits even though I do not want them? Retirement plan was to wait till full retirement age to receive spousal benefits. The new BBA laws should not apply to me since I turned 62 before 1/2/2016. Did the law prior to BBA require me to take spousal benefits when my husband applied, even though I did not apply for them?

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annelew12554

Master Tax Preparer

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I will reach full retirement age in Oct 2016. My estimated

I will reach full retirement age in Oct 2016. My estimated benefit is $2100 per month. My wife of 46 years will turn 66 in May of 2017. Her own benefit is estimated at just under $800. When is the optimum time for her to apply for her benefits. If now, will she receive reduced spousal benefits upon my reaching full retirement age and collecting?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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I am currently on Social Security Disability - will my

I am currently on Social Security Disability - will my benefits change when I turn 65 years old next year.

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PDtax

Owner

Master's Degree

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I am 71 years old. Still working in my own company, pay both

I am 71 years old. Still working in my own company, pay both sides of S/S about $ 11,000.00 per year. Am I benefiting from continuing to pay S/S taxes or should I earn less ?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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I am 66 years old and was born in 1949. I was eligible at

HiI am 66 years old and was born in 1949. I was eligible at full retirement age 66. It was stated on a social security website the "if I work and are full retirement age or older I may keep all of your benefits, no matter how much I make".I started collecting early this year , Jan or Feb, I have since looked at soc. Security info where I saw perhaps I might need to pay taxes on the benefits?So now I am confused. First it reads no matter how much I make in wages , I can keep all of my benefits not matter what. I do have a full time job still. Now reading a bit more info I am concerned that perhaps now I should be taking federal tax out because i might owe due to my wages. I make 85000.00 per year on my regular full time job. My soc sec. benefits are now $2360.00 per month.If this is the case I may have to go down to Soc Security office and have them take federal taxes out of my check. First I would like to understand why it says I keep all of it no matte how much I make.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,784 satisfied customers
I'm a 64 yr old widower. At my wife's passing on

I'm a 64 yr old widower.At my wife's passing on June 20, 2013 she was 55 yrs old, I was 61.I want to be sure I'm not missing out on benefits available to me.Can I draw my deceased wife's social security while I still work full time, without causing problems with my future social security benefits?

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Stephanie O Joy, Esq

Managing Lawyer/Advocate

Doctoral Degree

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