Social Security

Ask social security questions and get answers ASAP

Ask an Expert,
Get an Answer ASAP!

Are the advertisements saying we can apply larger benefits…

Customer Question
Are the advertisements saying we...
Are the advertisements saying we can apply for much larger benefits prior to 1 April
for real...ads say perhaps $50,000 over average lifetime?
Submitted: 2 years ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 4 minutes by:
1/27/2016
Social Security Expert: Christopher B, Esq., Attorney replied 2 years ago
Christopher B, Esq.
Category: Social Security
Satisfied Customers: 4,071
Experience: associate attorney
Verified

My name is***** and I will be helping you with your question today. This is for informational purposes only and does not establish an attorney client relationship.

These changes in the bipartisan act (HR 1314) to Social Security are being hyped in the media but it is only a small loophole that is being closed. They most likely do not affect you. It is not a magical lump sum that has to be elected and deals with "file and suspend" spousal benefits and the "restricted benefit". Let me explain, a spouse can only take the spousal benefit if the other spouse has elected to take their benefit. Another requirement is that the spouse must be at least age 62 or have a qualifying child in her/his care. By a qualifying child, social security means a child who is under age 16 or who receives Social Security disability benefits. Currently the law is changing and a "suspend and file" cannot be elected starting on May 1, 2016. In this circumstance at full retirement age (66) one could file and suspend their benefits and continue earning credits until age 70 and their spouse could elect to take the spousal benefit. The spousal benefit can be as much as half of the worker's "primary insurance amount," depending on the spouse's age at retirement. If the spouse begins receiving benefits before "normal (or full) retirement age," the spouse will receive a reduced benefit. However, if a spouse is caring for a qualifying child, the spousal benefit is not reduced. Also the "restricted benefit" is being eliminated. If you turned age 62 be the end of December 31, 2015, you would be grandfathered in and at full retirement age you will still be able to restrict your benefit. This means that if you or your spouse would like to elect to take only the spousal benefit as opposed to your normal retirement benefit, you can restrict your election to ONLY the spousal benefit. This would allow you to collect the 50% spousal benefit while still gaining credits to your normal retirement benefit from ages 66-70 (the credit increases your benefit approximately 8% per year). After the law changes, at full retirement age, you would have to take the higher of the spousal benefit and your retirement benefit. You can no longer choose just the spousal and let your normal retirement benefit grow while still take the spousal benefit.

Please let me know if you have any further questions and please positively rate my answer if satisfied.

Ask Your Own Social Security Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a social security expertLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Christopher B, Esq. Your Own Question
Christopher B, Esq.
Christopher B, Esq.
Christopher B, Esq., Attorney
Category: Social Security
Satisfied Customers: 4,071
4,071 Satisfied Customers
Experience: associate attorney

Christopher B, Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

dylatess

dylatess

ATTORNEY

3,467 satisfied customers

37 plus years of SSD practice

Megan C

Megan C

Certified Public Accountant (CPA)

4,582 satisfied customers

Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level

LawTalk

LawTalk

Attorney

3,071 satisfied customers

I have 30 years of legal and litigation experience, including representing clients before the U.S. Social Security Administration.

R. Klein, EA

R. Klein, EA

Accountant

334 satisfied customers

Tax & Social Security Benefits specialist

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

233 satisfied customers

Licensed in multiple jurisdictions, experienced business attorney.

AttorneyTom

AttorneyTom

Attorney

16 satisfied customers

Attorney

Stephanie O Joy, Esq

Stephanie O Joy, Esq

Soc. Sec. Attorney

3,283 satisfied customers

22+ years legal exp. - 12+ years owning/operating her own SSD Law practice.

< Previous | Next >

Related Social Security Questions
I am 84 years old and collect social security payments but
I am 84 years old and collect social security payments but it is only $2,660.00 per month. Why am I not collecting $3,400.00 like my friends? I started collecting when I was 71 years old. … read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,179 satisfied customers
Is there any downside to filing retirement and suspending
Is there any downside to filing for SS retirement and suspending right away? I'll be 66 April 24 of this year. I hear that by suspending I can increase my intake by 8%/year till age 70, and I can also… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
I will be 70 years old in July 2017. Social Security has
I will be 70 years old in July 2017. Social Security has sent me information saying if I continue working at the same pay rate ($70,000) yearly, when I retire at age 70, I will collect $1650 monthly. … read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
I am currently disabled & receiving benefits. I would like
I am currently disabled & receiving benefits. I would like to know if my benefit was calculated on the highest 10 years that I worked?… read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
What will be my monthly benefit at age 65 if I start taking
What will be my monthly benefit at age 65 if I start taking early benefits at my 63rd birthday this July 18th and I continue to work making $56,000 a year until July 18, 2018.… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
I have a friend that was married over 10 years and got a
I have a friend that was married over 10 years and got a divorce. Her husband passed away and at the age of 60 or 61 she losed her job. She collected one month of his social security and then got a jo… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,179 satisfied customers
After starting social security at age 62 i continued
after starting social security at age 62 i continued working. i am now 76 . will my benifits increase based on 14 years past working and paying in to social security? how do i apply for this?… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
I have paid the maximum 40 years. i receive or will receive
i have paid the maximum for over 40 years. i receive or will receive $2582.00 this calendar year. my similarly situated contemporaries receive more than this. how do i determine whether i am receiving… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
I am 90 years old. I own a house and I am a widower. My
I am 90 years old. I own a house and I am a widower. My present Social Security is $2,033.00 per month. Can I apply for an increase in benefits per month?… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,179 satisfied customers
Seen an ad on Internet regarding $60,000 over lifetime
Seen an ad on Internet regarding $60,000 over lifetime payout on social secuity then company stated loophole. Was to be closed in April 2016, wanted to sell a book called "The Big Black Book of Income… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
I immigrated to the US in 1996. Until that I was a Hungarian
I immigrated to the US in 1996. Until that I was a Hungarian citizen and worked in that country for 28 years. For that I paid social security taxes to the Hungarian government and now I receive old ag… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
I would like to know if I can draw off of my husbands SS. He's
I would like to know if I can draw off of my husbands SS. He's over 65 and will be retiring at 66. But he has already got signed up. I am drawing off of mine right now. He says I can draw off of his a… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
4,582 satisfied customers
What is the guideline for how much benefit you get paid and
What is the guideline for how much benefit you get paid and what date is the calculation date for the income decision. IE: You have an average income of $100,000 for 10 years and now your income this … read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
I am a married 68 1/2 yr old female who files jointly with
I am a married 68 1/2 yr old female who files jointly with my husband of 11 years. I went to a local soc sec office recently to find out why my benefit is so terribly low when I have worked for over 5… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
Do Vietnam Veterans receive a extra $100.00 a month and if
Do Vietnam Veterans receive a extra $100.00 a month and if so do you have to apply in person with copy of DD 214 or any other documents to receive. i am currently 65 as of 2/4/12 If i apply for SS in … read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
How do I calculate a surviving widows monthly benefit amount
How do I calculate a surviving widow's monthly benefit amount when survivor is also receiving her own benefits… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
I HAVE BEEN WORKING AT THE SAME JOB FOR OVER 42 YEARS AND I
I HAVE BEEN WORKING AT THE SAME JOB FOR OVER 42 YEARS AND I HAVE A SEC. JOB TWO WITCH I HAVE BEEN AT FOR 12 YEARS AND BEFORE THAT I HAVE HAD A SEC. JOB MOST OF THE PASS 25 YEARS... WHEN I GO ON LINE T… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
After 18 years at a large pharmaceutical company, my workers
After 18 years at a large pharmaceutical company, my workers and I have been released due to the cut back.I am now living in Carson City, NV, but I can not find a comparable job. I haven't worked for … read more
retirementlawyer
retirementlawyer
Attorney
Doctoral Degree
1,606 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x