Social Security

Ask Social Security Questions and Get Answers ASAP

Ask an Expert,
Get an Answer ASAP!

Social Security

There is a fund of social security benefits available to those

Customer Question
born before 1954 and the...
There is a fund of social security benefits available to those born before 1954 and the deadline to apply is April 31, 2016. Where can I find this informTION?
Submitted: 1 year ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 4 hours by:
4/19/2016
Social Security Expert: Christopher B, Esq., Attorney replied 1 year ago
Christopher B, Esq.
Category: Social Security
Satisfied Customers: 2,983
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. There is no boost of social security benefits by this change only the elimination of certain planning strategies. There has been a lot of misinformation out there regarding HR 1314. The changes made in the bipartisan act are being hyped in the media but it is only a small loophole that is being closed. It is not a magical lump sum that has to be elected or banned benefits that you will lose. It 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. 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. There should be smiley faces or numbers from 1-5 to choose from. This extra step will cost you nothing extra and will ensure that I will be compensated for my time by the site.
Ask Your Own Social Security Question
Social Security Expert: Christopher B, Esq., Attorney replied 1 year ago
Just checking back in, do you have any further questions?
Ask Your Own Social Security Question
Ask Christopher B, Esq. Your Own Question
Christopher B, Esq.
Christopher B, Esq.
Christopher B, Esq., Attorney
Category: Social Security
Satisfied Customers: 2,983
2,983 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

3,441 satisfied customers

37 plus years of SSD practice

Megan C

Megan C

Certified Public Accountant (CPA)

4,565 satisfied customers

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

LawTalk

LawTalk

Attorney

3,065 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

3,227 satisfied customers

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

< Previous | Next >

Related Social Security Questions
If person received lump sum settlement from work comp in NY
if person received lump sum settlement from work comp in NY and then apply for ssd, does she have to tell about this to them… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I did the estimator for retirement, But my ex spouse's
Hi i did the estimator for retirement, But my ex spouse's income wasnt included, How do I know what to expect from his benefits? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Spouse and I (same sex) are both retired, receiving
Spouse and I (same sex) are both retired, receiving benefits, and have been married 4 years. We have not yet changed our "single" status with SS. Can the survivor simply present marriage certificate a… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
What are all the benefits for spouses of 100% total
What are all the benefits for spouses of 100% total permanent unreviewable combat veterans from post 9/11?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Should a spouse file any documentation to qualify for
should a spouse file any documentation to qualify for survivorship benefits prior to her spouses decease? … read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
734 satisfied customers
If a spouse makes 80k and the other spouse gets SS and makes
Hello, If a spouse makes 80k and the other spouse gets SS and makes 15k. How would SS be taxed or would it be taxed?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,473 satisfied customers
If a spouse dies and the deceased spouse ss has been
If a spouse dies and the deceased spouse ss has been activated and the others has not, can the surviving spouse collect the ss of the deceased until 70 when they then activate their own ss? They make … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Dob **/**/****. I would like to know how to get a lump sum
Hello. My name is***** *****, ***-**-****, dob **/**/****. I would like to know how to get a lump sum payout from SS. I do not have a husband, I have Tricare and Medicare, and have two other retiremen… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,227 satisfied customers
Received a lump sum of $1853 lump sum benefit for my
Received a lump sum of $1853 lump sum benefit for my father's death, (I am their daughter, my mother has dimensia). She is currently on Medicaid, and that deposit plus the $255 death benefit, makes her over her monthly allowance. FSSA needs a letter stating that S.S. sent the lump sum & amount. They told me a couple of weeks ago, that it had been mailed, but I haven't seen it yet, and I need something by Monday for FSSA. Really can't lose her Medicaid benefits because of this lump sum deposit. She is residing in a nursing home, and needs the assistance. Please advise. Thanks - Deb ******* (daughter) … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
What is needed to apply for deceased spouse social security,
What is needed to apply for deceased spouse social security … read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
734 satisfied customers
If I received a lump sum from social security do i need to
if I received a lump sum from social security do i need to report that as incomee … read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,065 satisfied customers
The SSA is telling me my Aramco lump sum will result in a
The SSA is telling me my Aramco lump sum will result in a WEP reduction in SS benefits. How can I appeal this? … read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,065 satisfied customers
Second opinion] can I receive a lump sum for my pensionJA:
Second opinion] can I receive a lump sum for my pension… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,065 satisfied customers
I took part of my retirement in a lump sum payment in 2016.
I took part of my retirement in a lump sum payment in 2016. The rest is paid to me on a monthly basis..Is the lump sum portion going to be considered income for 2016 thus penalizing my SS for earning … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I was declined a lump sum spousal distribution of $255
I was declined a lump sum spousal distribution of $255 because I was not living with my husband at the time of his death. I guess this is a perfectly legit reason per SSA. however, will that affect my… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,227 satisfied customers
Got a lump sum payment for years 2014 2015 and 2016 from ss
got a lump sum payment for years 2014 2015 and 2016 from ss disabily in 2016 in turn paid it to long term disabily me and my wife are on affordable care insurance and ss added both the lump sum and wh… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I received 9000 in ss widow benifet 41000 lump sum nd 2255
i received 9000 in ss widow benifet 41000 lump sum nd 2255 for dis. last year also 24000 pension. can you est. my tax bill i have 2000 in deductions … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I received a lump sum from ssa. My parents are buying a
I received a lump sum from ssa. My parents are buying a condo for me to live there. They need some of the money received for the down payment. They will be paying the loan and all exoenses … read more
TaxWhisperer
TaxWhisperer
Principal
Master's Degree
24 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