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Recent social security questions
I was born in 1951 so I have been grandfathered in to the
I was born in 1951 so I have been grandfathered in to the "spouse then worker" benefit which is now considered a loophole. My husband is at full retirement age (66) and is taking his benefits now. His benefits are not reduced even though he continues to work. When I turn 66 I would like to take half of his benefit instead of my own so that my benefits can continue to increase until I am 70. I understand that I am allowed to do this. However, here is my question. I plan to continue working when I am 66 and take the spousal benefit. Will my spousal benefit be reduced because I am working?
Tax advisor and Enrolled Agent
I recently had to get an official copy of my birth
I recently had to get an official copy of my birth certificate and have identified that for all my life I have had the wrong birth year. The year should be 1956, however everything I have which requires a birth date indicates 1955. Social security, DMV, employment, IRAs etc, where do I start with correcting this error.
My wife, DOB 11/15/49, has been receiving her SS benefits
My wife, DOB 11/15/49, has been receiving her SS benefits since she turned 62. My DOB is 6/15/52, and I am still working, and plan to keep working, until age 68.My question is, when will my wife be entitled to receive my spousal benefit, which based on my work record, will be greater than what she receives currently via her work record?thank you.
JD, MBA, CFP, CRPS
Mother dies March 2, 2016. SS check issued March 3rd.
mother dies March 2, 2016. SS check issued March 3rd. Funeral home notified SS immediately. Just settled mothers estate. Waited to close mothers bank account until all bills were paid. Went to close bank account and disperse left over money to surviving siblings as the lawyer said to. Bank froze account and stated we are commiting fraud since SS check deposited the day after her death was not returned to SS. Called SS dept who said everything was fine and do not know what bank manager is saying. Manager refuses to release money. What do I do?? I live in Ohio.
Certified Public Accountant
My dad turns 95 in August. He receives approximately $3,000
my dad turns 95 in August. He receives approximately $3,000 each month in social security. Is there any way to increase this amount? I keep thinking the system should pay him more now while he is alive and still able to enjoy it. I know that's probably just wishful thinking. What do you say?
I waited until age 70 to collect Social Security benefits,View more social security questions
I waited until age 70 to collect Social Security benefits, thus getting an extra 32% over my FRA amount I would have received at age 66. My spouse turns 66 in 2 months and eligible for her own social security based on her employment record. My SS benefit is considerable higher than hers.I just found out I have a terminal health condition. I know she can opt to receive my social security after I pass but here is my question: Will she receive the amount I am receiving at age 70 or does she only receive the FRA amount I would have received at full retirement age of 66? It's about $900/month difference.
JD, MBA, CFP, CRPS