Social Security

Ask social security questions and get answers ASAP

Ask an Expert,
Get an Answer ASAP!

I'm interested in a Social Security Agreement. Can you tell…

Customer Question
I'm interested in a...

I'm interested in a Social Security Agreement. Can you tell me more about it?

Accountant's Assistant: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.

I have heard about a Social Security Agreement that pays monthly. I am now on Social Security but it isn't much. I also worked ten years past collecting Social Security and wanted to know if those work years could become part of my Social Security Retirement? Thanks

Accountant's Assistant: 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 important you think the Retirement Accountant should know?

No. But it's hard to make it on Social Security alone. Any help is grateful.

Submitted: 11 months ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 18 minutes by:
9/8/2017
Social Security Expert: taxmanrog, Certified Public Accountant (CPA) replied 11 months ago
taxmanrog
taxmanrog, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 1,231
Experience: Licensed CPA, MA, MST with 31 years' experience. Teach Accounting and Tax courses at Masters level.
Verified

Welcome to Just Answer! Thank you for giving me the opportunity to assist you! I will do my best to help!

Please give me a few minutes to type my answer.

Ask Your Own Social Security Question
Social Security Expert: taxmanrog, Certified Public Accountant (CPA) replied 11 months ago

If you work beyond full retirement age (FRA), you can earn 2% extra for every year that you delay collecting your benefits. IT seems that you started collecting while still working. That means you don't get the automatic increase.

If you work beyond FRA and are already collecting, the amount you earn will not automatically affect your benefits. The SSA takes your 35 highest work years to calculate your benefit. Once they calculate it and you start collecting, it is "fixed" and additional work history won't affect your monthly check, UNLESS you go to the SSA office and ask them to recalculate your benefits based on your new work history. Hopefully the amounts you earned in the prior 10 years are more than the lowest 10 years on your 35 year history that they used. In this way, the recent 10 years' wages will knock out the lowest 10 years' wages, and the result is a higher 35 year average for you.

But this adjustment is not automatic. You have to physically go to an office to request it.

I hope this answers your question. IF you have any more, please let me know and I will be happy to answer.

Thanks! Have a great weekend!

Roger

Ask Your Own Social Security Question
Customer reply replied 11 months ago
Thank you. I understand that. A question I had also was about a Social Security Contract that some say pays out more monthly amounts. Do you know anything about this?
Social Security Expert: taxmanrog, Certified Public Accountant (CPA) replied 11 months ago

What you are referring to is an email scam that is going around now. There IS NO SUCH THING as a Social Security Contract.

According to the Social Security website, as well as several news sites, "A current email scam invites people to take advantage of “a little known Social Security contract” which enables you to receive “little known benefits.” Think that sounds too good to be true? It should — there is no “little known Social Security contract.”" This is from the SSA website.

The SSA website goes on to say "They insist that the situation is urgent and issue warnings. They try to convince you to act now to avoid a dire consequence. They promise a deal or secret that the public doesn’t know about. They come from organizations unknown to you. They offer things the government doesn’t want you to know, but they don’t come from a .gov website."

See it for yourself at :

https://blog.ssa.gov/does-it-sound-too-good-to-be-true/

The Stock Gumshoe tells you about one that wants you to pay $79 per year for a "Lifetime Income Report" here: https://www.stockgumshoe.com/reviews/lifetime-income-report/can-you-really-earn-6880-from-a-little-known-social-security-contract/

The website Motley Fool warned people on July 6 not to fall for the Social Security Contract scam here:

https://www.fool.com/retirement/2017/02/05/dont-fall-for-this-social-security-scam.aspx

I am sorry to be the one to tell you about this. I know that most people on SS do not receive enough to live on and are looking for ways to increase the amounts they receive. Please don't waste your hard-earned money on something a scam artist is trying to tempt you with.

If you have any more questions, please let me know and I will be happy to answer.

Thanks! Have a great weekend!

Roger

Ask Your Own Social Security Question
Social Security Expert: taxmanrog, Certified Public Accountant (CPA) replied 11 months ago

I have not heard back from you. Do you have any further questions?

If you don't, can you please rate me? That is how the question is closed.

Thanks!

Roger

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 taxmanrog Your Own Question
taxmanrog
taxmanrog
taxmanrog, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 1,231
1,231 Satisfied Customers
Experience: Licensed CPA, MA, MST with 31 years' experience. Teach Accounting and Tax courses at Masters level.

taxmanrog 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
Every year for the last 3 I have'nt seen an increase in my
Every year for the last 3 I have'nt seen an increase in my checks from COLA … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Just received my ss benefit and there was no raise. why?
Just received my ss benefit and there was no raise. why? … read more
Carter McBride
Carter McBride
LLM
1,225 satisfied customers
My wife does not have enough credits to collect social
My wife does not have enough credits to collect social security also she does not have enough to get medicare. She is 61 years old, has 30 credits for social security and is not healthy enough to obta… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Is it possible to retire at 62 and take the state pension
Hello! Is it possible to retire at 62 and take the state pension from my job while delaying applying for social security to maximize benefit amount. I could live on my pension alone. … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
My wife, 62, recently obtained her Card and is now a
My wife, 62, recently obtained her Green Card and is now a Permanent Resident. She didn't work and doesn't work now. I receive a monthly Social Security check at age 63. Can my wife receive monthly So… read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
I was just wondering....I've been on SSD since 2004 with a
I was just wondering....I've been on SSD since 2004 with a monthly income of $1855.00 and tht hasn't really changed. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,684 satisfied customers
I was wondering who initiated taxing social security. I
I was wondering who initiated taxing social security. I thought it was Bill Clinton with Al Gore casting the deciding vote. … read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
Questions in regard to the benefits I am receiving. I am now
Questions in regard to the benefits I am receiving. I am now 70yrs. young and here is the list of Benefits I am now receiving: Pension from UK - $400.00 per. month I have been receiving since 2014 who… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Can I file my social security benefits on my ex-husbands
Can I file my social security benefits on my ex-husbands earnings. someone from social security told me I could as long as we were married for ten years or more … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I am 2 months shy of 5 years working railroad (vested
I am 2 months shy of 5 years working for the railroad (vested for RRRB benefits at 5 years). I do NOT plan on staying with the railroad much longer and plan to go back into private industry (or possib… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
If a person starts collecting social security DISABILITY
If a person starts collecting social security DISABILITY benefits at 56, 10 years before full retirement age, do they receive their full retirement benefit or is it reduced? If reduced by what %, plea… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I'm a widow, my husband passed away in 2004, He was on SS
I'm a widow, my husband passed away in 2004, He was on SS Disability. When he passed away at age 62 I received his Social Security. Am I receiving a Disability Social Security? Or regular SS. People t… read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
I 68 YEARS OLD AND CURRENTLY COLLECTING SOCIAL SECURITY. MY
I 68 YEARS OLD AND CURRENTLY COLLECTING SOCIAL SECURITY. MY WIFE IS 62 AND NOT COLLECTING. IF I DIE WHAT BENEFITS IS SHE ENTITLE TOO?… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I am a public school teacher that has been contributing to
I am a public school teacher that has been contributing to the state retirement system, CSTRS, and not social security. I did work for ten years prior working contributing to social security, but I he… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
Does interest income count against the amount of social security
Does interest income count against the amount of social security you receive? For example, if I earn $13,500 per year in interest income and want to take early social security (about $1200/mo), will t… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,071 satisfied customers
I am 54 yrs. old. My husband is 52. My husband makes more of
I am 54 yrs. old. My husband is 52. My husband makes more of a salary than I do. We have both paid into social security for 35+ years. I am contemplating taking a new job in a school, which has the SE… read more
dylatess
dylatess
ATTORNEY
JD
3,467 satisfied customers
I have 9 more months before I become 66 years old. I am currently
I have 9 more months before I become 66 years old. I am currently employed and I am not collecting Social Security benefits yet. Can I begin to collect my Social Security benefits now and continue to … read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,283 satisfied customers
What are the most important pieces of a small business owners
What are the most important pieces of a small business owner's proof that he is retired before normal retirement age? Is it the TIME he spends at work or the MONEY he earns? I have a client that is tr… read more
dylatess
dylatess
ATTORNEY
JD
3,467 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