Social Security

Ask social security questions and get answers ASAP

Ask an Expert,
Get an Answer ASAP!

I am 88 years old and I have worked since I was 10yrs

Customer Question
I am 88 years...

I am 88 years old and I have worked since I was 10yrs old.How do I find out how much my balance is in my account?

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

What is the balance in my account can you tell me?

Accountant's Assistant: Is there anything else the Retirement Accountant should be aware of?

Can I withdraw the balance?

Submitted: 8 months ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 5 minutes by:
9/17/2017
Social Security Expert: Lane, JD,CFP, MBA, CRPS replied 8 months ago
Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 14,211
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial, Social Security & Tax advice since 1986
Verified

HI, MY NAME’S LANE - I hold a law degree (J.D.), with concentration in Tax Law, Estate law & Corporate law, an MBA in finance, a BBA, and CFP & CRPS (Chartered Retirement Plans Specialist) designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice 1986.

...

May I ask what account balance you speak of? Are you asking about Social Security?

...

If so, there is no account balance. The taxes that we pay into Social Security are a premium that we pay to be covered by a social insurance program, called Social Security.

...

The monthly benefits that we get are calculated using a complicated formula that has to do with our highest 35 years of earnings called AIME (Average Indexed Monthly earnings).

...

Social Security is more like a pension plan that pays a monthly benefit, based on average earnings, that a 401(k) which is simply an account that grows as we contribute to it.

...

I hope this helps.

...

If I've misunderstood your question, please let me know.

...

Lane

Ask Your Own Social Security Question
Was this answer helpful?
Ask Lane Your Own Question
Lane
Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 14,211
14,211 Satisfied Customers
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial, Social Security & Tax advice since 1986

Lane 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

3,234 satisfied customers

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

< Previous | Next >

Related Social Security Questions
Publication No.05-10069 Current Annual and Monthly earnings
Publication No.05-10069 Current Annual and Monthly earnings limits … read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
If born in 1952, at age 65 can I draw my full retirement and
If born in 1952, at age 65 can I draw my full retirement and earn an unlimited amount of money? … read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,234 satisfied customers
I am 64 years old and collecting social security...I am allowed
I am 64 years old and collecting social security...I am allowed to work and up to how much can my income be??? Thank you… read more
LawTalk
LawTalk
Attorney
Juris Doctor
3,065 satisfied customers
As a divorcee, what percent of my ex husband's SS benefits
As a divorcee, what percent of my ex husband's SS benefits di I receive monthly? … read more
Lane
Lane
JD,CFP, MBA, CRPS
14,211 satisfied customers
I would like to find out what my monthly SSA benefit will be
I would like to find out what my monthly SSA benefit will be starting 6/1/2018 … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
66. Childrens benefit and how much I will get from social
childrens benefit and how much I will get from social securety … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Retiring june 2018. I am 64 and retirement age is 66. I will
I am 64 and retirement age is 66. I will retire June 2018 and will have worked Jan through June already. At the end of the 2018 year , will my work dollars (Jan thru Jun) be considered taxable income from my ss benefits? or do any working hours gets taxed after receiving benefits? Hope this question makes sense... … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
If I work after I retire will my soc sec check go up. 79. If
if I work after I retire will my soc sec check go up … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I will be retiring at 65.5 years. I will have worked here
I will be retiring at 65.5 years. I will have worked here for 25 years. What is the scale I use to calculate how much I will receive? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I was told that since my wife receives much lower monthly
I was told that since my wife receives much lower monthly payments from Soc.Sec.that she is entitled to a monthly payment more commensurate with what I get per month. Is this true? … read more
Bryan M.
Bryan M.
Owner
Masters of Accountancy
128 satisfied customers
My husband and I are both retired and receiving social
My husband and I are both retired and receiving social security benefits. How can I we maximize our benefits?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
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's Degree
14,896 satisfied customers
What is the maximum SS windfall e p $ ballpark figure? I am
what is the maximum SS windfall e p $ ballpark figure? I am 75 years young, still work at a non SS paying govt civil position, drawing a current SS benefit of $1,050 since I turned 66 in 2009 and proj… read more
Lane
Lane
JD,CFP, MBA, CRPS
14,211 satisfied customers
I would to apply for my social security benefit, i will be
hello ,I would to apply for my social security benefit … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I lived in the UK for 58 years and at age 65 receive a
I lived in the UK for 58 years and at age 65 receive a pension. I have lived in the USA for 12 years and worked for 10 of those years and have 40 credits. I applied for my US pension and they are tell… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I expect to receive my first SS payment next month When does
I expect to receive my first SS payment next month When does the time period for earning the maximum $17,040 start? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
DOB 5/2/1952 Age 65 Gross earnings from wages YTD $26,000.
DOB 5/2/1952 Age 65 Gross earnings from wages YTD $26,000. If I apply or ss benefits now, is the excess between $26,000 and the $16,830 limit or $9170 impact my monthly benefit since it was earned pri… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 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
LawTalk
LawTalk
Attorney
Juris Doctor
3,065 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