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Recent Benefits Amount questions

I have several questions about receiving Social Security

I have several questions about receiving Social Security retirement benefits before I stop working, and before my "optimum" age.JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Please tell me more, so we can help you best.Customer: I was born in 1953. I currently work 3/4 time at a job where I was full-time until two years ago. Health issues forced me to cut my time down. I understand I can apply for/get Social Security (at a reduced amount), and any benefit over the "maximum" will cut my benefit further. I also was married for 22 years and never remarried. I'm pretty sure my ex's SS amount would be more than mine, and I was told I should check on that. I'd also like to know if my CalPERS retirement, once I start receiving that, will make a difference in the amount of SS I'm paid. There are more questions, but these are a start ...JA: Is there anything else important you think the Retirement Accountant should know?Customer: Yes. Once I stop working altogether, will my benefit amount be the "full" amount it would have been if I stopped working NOW and applied for SS?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,004 satisfied customers
My wife and I are close to the same age, 65. If I take my

My wife and I are close to the same age, 65. If I take my own benefits now I know it will be a reduced amount, but I keep hearing that at a later date, say age 69 I can ADD spousal benefits to increase my amount. What does that mean "ADD" spousal benefits? I hope this isn't too complicated.JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Is there anything else the Retirement Accountant should be aware of?Customer: My wife his a much higher PIA. I'm not questioning the strategy, just what ADD really means.

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LawTalk

Attorney at Law

Juris Doctor

37,868 satisfied customers
I am in process of getting a divorce. I am needing to know

I am in process of getting a divorce. I am needing to know when I can start getting an ex-pouse's benefits. The amount is much greater than I currently get. We were married over 10 years. He is deceased. What is procedure? What/when can I start the process? Thank you for your time.JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Is there anything else the Retirement Accountant should be aware of?Customer: I receive a 2 small retirement pensions. They are around $500 together. I really need to be able to receive benefits from prior husband as soon as possible.

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LawTalk

Attorney at Law

Juris Doctor

37,868 satisfied customers
My wife turned 62 and wants to take early retirement. Her

My wife turned 62 and wants to take early retirement. Her reduced amount at 62 is $703/mo per her SSI Statement. Does she qualify for Spousal benefit against my retirement benefit instead (1/2 of what my benefit would be at my full retirement age of 66 and 2 months) while I am still working and not planning to retire any time soon. I am 63 years old. I know that 1/2 of my benefit would be $1366/mo and then SSI would reduce it by the percentage (approx 30%) as my wife would be retiring at 62. David Duka

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LawTalk

Attorney at Law

Juris Doctor

37,868 satisfied customers
10 years ago I enrolled in Social Security 7 months short of

10 years ago I enrolled in Social Security 7 months short of my 65 year eligibility and have been receiving 62 year SS benefits ever since. i read once that there is a way to make up for that 7 months difference and becoming eligible for the 65 year SS benefits. What can I do?JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Is there anything else the Retirement Accountant should be aware of?Customer: no

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Stephanie O Joy, Esq

Managing Lawyer/Advocate

Doctoral Degree

12,176 satisfied customers
My husband passed away in 2009 and i was not eleigible for

My husband passed away in 2009 and i was not eleigible for survivors benefits then. When will I be able to draw on his social security? I will be 58 in JulyJA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Please tell me more, so we can help you best.Customer: I was told back then that I can draw on his when I turn 60 if i remain single. Does that still hold true We were married 6 years. I am thinking of retiring thenJA: Is there anything else the Retirement Accountant should be aware of?Customer: what do you need to know

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LawTalk

Attorney at Law

Juris Doctor

37,868 satisfied customers
Much can I earn after claiming social security, how much can

much can I earn after claiming social securityJA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.Customer: how much can a person earn while on ssJA: Is there anything else the Retirement Accountant should be aware of?Customer: not sure what you mean

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Chad Caros

Certified Financial Planner(R), Pro

Master's Degree

276 satisfied customers
Can I draw my social security while I am still working? I

Can I draw my social security while I am still working?JA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.Customer: I have earned social security through another employer. I am now 62. I work for the city government as an appointed judge. I would like to draw my social security now.JA: Is there anything else the Retirement Accountant should be aware of?Customer: I have not yet retired from my job as judge, although I am eligible to retire.

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TaxRobin

Vocational, Technical or Trade School

25,376 satisfied customers
This is regarding a friend who called last night with

This is regarding a friend who called last night with upsetting info that she just received, Will you be able to answer a few questions for her thru me?JA: I am Pearl, the Retirement Accountant's Assistant.Customer: She has been receiving her deceased husbands SS and that of her own. She is disabled. SS letter said that she had been receiving her husbands SS in error and she would be required to repay $3K +- and that her own SS would be stopped until it was repaid. Is this right? She will not have any payment for 8 months?JA: The Retirement Accountant will know how to help. Is there anything else important you think the Retirement Accountant should know?Customer: Well, she is living in a $60K house, has no other income. She is going to be penniless for 8 months?

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Stephanie O Joy, Esq

Managing Lawyer/Advocate

Doctoral Degree

12,176 satisfied customers
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