Social Security

Ask Social Security Questions and Get Answers ASAP

Ask an Expert,
Get an Answer ASAP!

Social Security
This answer was rated:

Thank you, Pearl. My wife has a meeting with the Soc

Thank you, ***** ***** wife...
Thank you, ***** ***** wife has a meeting with the Soc Security office today. She retired from her professor job at the end of August. She has not filed for Social security yet, and she turns 67 on December 5. Since she will be 67 when she receives her first Soc Security check, will it be 8% larger than it would be if she had taken it already? And will her benefit be increased by the recent 2% overall increase in Soc Security benefits?
JA: 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 the Retirement Accountant should be aware of?
Customer: I am still working, and she remains on my medical care policy. She has registered with Soc Security for Medicare Part A, but she doesn't need Part B or D. Not sure if this matters, but sicne you asked...
Show More
Show Less
Ask Your Own Social Security Question
Answered in 9 minutes by:
11/17/2017
Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 12,982
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.

hold a law degree, 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 on three continents since 1986.

...

You're correct on both counts.Because her full retirement age (FRA) is 66, she will get one of the delayed retirement credits (DRC), the 8% increase in her benefit that would occur every year she waits to start benefits until age 70.

...

And yes, the Cost of Living Adjustment applies to everyone who started benefits effective 2017 or earlier.

...

Are your familiar with the WEP (Windfall Elimination Provision) which applies to those receiving a government or other pension that did not pay into Social Security?

Ask Your Own Social Security Question
Customer reply replied 25 days ago
Thanks, ***** ***** I am not familiar with WEP. I am not sure it would apply to my wife's situation. Can you explain?

The WEP was signed into law in 1982, to help "shore up" the struggling Social Security trust fund. If your wife will be receiving a STATE pension it's possible that there could be a reduction in her benefit. Do you know if, at her job, she paid into Social Security?

Ask Your Own Social Security Question
Customer reply replied 25 days ago
she paid into Social Security. She taught at a private university so is not receiving a pension from the public sector. Also, if she doesn't receive her first Soc security check until January 2018, will her check be increased by the 2% COLA?

Great, just didn't want you to be surprised, as so many are, Yes, if she tells them that she wants to start benefit on Dec 5, then she will get the 2% COLA. Social Security pays benefits one month in arrears, so her SECOND check will be where you see that "bump."

Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 12,982
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial, Social Security & Tax advice since 1986
Verified
Lane and 87 other Social Security Specialists are ready to help you
Ask your own question now
Customer reply replied 25 days ago
Thanks, ***** ***** appreciate the guidance. --Stephen

You're very welcome. Thanks for the rating

Ask Your Own Social Security Question
Ask Lane Your Own Question
Lane
Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 12,982
12,982 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

3,229 satisfied customers

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

< Previous | Next >

Related Social Security Questions
How do you figure the 2% cost of living adj on my s.s. I
How do you figure the 2% cost of living adj on my s.s … read more
Carter McBride
Carter McBride
LLM
65 satisfied customers
Windfall elimination. I am 66 years old and am still working
Windfall elimination. I am 66 years old and am still working and paying into SS. I am not collecting SS. I am at the age where I can collect SS with out being penalized. My question is, I worked where… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am 79 years old, been receiving SS for about 10 yrs. My
I am 79 years old, been receiving SS for about 10 yrs. My payment was reduced from start because of a small pension from UK. the UK amount has reduced by about 20% Cannot seem to get a direction from … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I will be applying to recive Social Security benefits next
I will be applying to recive Social Security benefits next year when I turn to 62. I am a dual citizen and also eligible to get retirement benefits from another country (in this case it is Turkey). My… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
842 satisfied customers
I recently received a letter from SS that seemed to state
I recently received a letter from SS that seemed to state that my benefits are being reduced. Can you clarify this, please? Nancy E. Cazalet###-##-#### Birth date 3/22/1947 … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Is there a "Windfall-Law" with Germany/ I am receiving SS
I am receiving SS since 2002. Now I am applying in Germany also. What can I expect? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am retired I'm 57 i have a cal Pers industrial disability
i am retired I'm 57 i have a cal Pers industrial disability I would like to know if i quietly for social security … read more
abci168
abci168
Principal
27 satisfied customers
I am making a career decision between the public sector and
Hi Pearl. I am making a career decision between the public sector and the private sector. I want to understand how my lifetime contributions impact my retirement benefits. I started in the public sect… read more
abci168
abci168
Principal
27 satisfied customers
I receive a pension from TRS> (Texas Retirement System) I
I receive a pension from TRS> (Texas Retirement System) I only worked in school for 18 years and 28 years in the public sector. How can I calculate my social security benefit. I have worked for 7 y… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Can you let me now about my quarter in social security, I
can you let me now about my quarter in social security … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Please tell me how the Windfall Elimination Provision
Please tell me how the Windfall Elimination Provision affects Social Security survivors benefits… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I didn't receive my cost of living increase this year. But
I didn't receive my cost of living increase this year. But they didn't raise my medicare payment either. Thanks for helping. … read more
Stephanie O Joy, Esq
Stephanie O Joy, Esq
Soc. Sec. Attorney
Doctoral Degree
3,229 satisfied customers
I am not receiving the cost of living on my check for 2017.
I am not receiving the cost of living on my check for 2017. I am getting the amount that I have been receiving for over two years. my Social Security number is *********. Thank You. Mary J. Navaroli … read more
Lane
Lane
JD,CFP, MBA, CRPS
12,982 satisfied customers
Windfall Elimination Provision: CSRS retiree and paid into
Windfall Elimination Provision: I am A CSRS retiree and paid into Social Security for approximately 15 years. Why am I not entitled to full social security benefits that I have paid. Also why is my wi… read more
Lane
Lane
JD,CFP, MBA, CRPS
12,982 satisfied customers
I received a cost of living increase which was supposed to
I received a cost of living increase which was supposed to be 3%. The amount I received was 0.003, which is three-tenths of a percent...which percent is right? … read more
Lane
Lane
JD,CFP, MBA, CRPS
12,982 satisfied customers
It deals with the Windfall Elimination Provision. I just
It deals with the Windfall Elimination Provision. I just retired in July. I have 28 years of substantial pay in into Social Security. I also have 13 years as a school teacher. I'm 66 years old (birth … read more
Christopher B, Esq
Christopher B, Esq
Attorney
Juris Doctor
1,327 satisfied customers
Im on disabilty how come i never get cost of living raises,
im on disabilty how come i never get cost of living raises … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I have a question about why the Windfall Elimination
I have a question about why the Windfall Elimination Provision should apply to me. I am British, legal resident in US, age 70. I lived and worked in the UK till coming to the US in 1996. I paid into t… read more
Phillips Esq.
Phillips Esq.
Attorney
Juris Doctor
18,110 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