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 Law Educator, Esq. Your Own Question
Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Legal
Satisfied Customers: 116716
Experience:  JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
Type Your Legal Question Here...
Law Educator, Esq. is online now
A new question is answered every 9 seconds

I just read about the Bipartisan Budget Act of 2015-2016,

Customer Question

I just read about the Bipartisan Budget Act of 2015-2016, and am a little concerned. I am 63 years old (born 1952), work full time, and in relative good health, so I believe that I can work well past my "full retirement" age. I believe that my current SSA benefit is around $2300/mo. Should I go ahead and apply for SS beneifts now or wait until 66?
I've also read about extra "one-time" lump sum payments that I could be eligible for (according to MoneyMorning's Keith Fitz-Gerald). And finally, I've read about an SSA provision that allows my wife and me to receive an extra $1300/month in benefirs because we've been married over 10 years.
Could you please enlighten me on these possible benefits?
Submitted: 1 year ago.
Category: Legal
Expert:  Law Educator, Esq. replied 1 year ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
Do not let the politicians scare you, which is what both sides are trying to do. If you are in good health and want to continue to work, wait until you reach your maximum social security age to file to collect. The "spousal benefit" does not allow YOU and your wife to collect, it allows your wife to collect her own SS payment based on your benefit. So if she does not have SS retirement on her own or her SS retirement is less than your SS Retirement, she can collect SS retirement based on your SS benefits. See:
At this point you should hold out for your maximum age eligibility before applying, because then you can keep working still and not worry about the maximum earnings impacting your SS benefits. See:
Overall, relax, do not panic over the politicians rhetoric trying to scare people. Your benefits so far are secure and not going anywhere.