Ask Larry

What are your Social Security questions? Ask Professor Larry Kotlikoff and the experts at Maximize My Social Security

Ask Larry

My weekly Ask Larry column ran for almost four years at PBS NewsHours' site. We've now moved Ask Larry to the best place to both answer your general questions and let you calculate your particular optimal benefit collection strategy. I pledge to answer as many questions as possible in the columns below. Please share Ask Larry on social media and consider purchasing our Maximize My Social Security program, which will show you precisely how to get everything you paid for. All my best, Larry.
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Laurence "Larry" Kotlikoff, Professor of Economics, Boston University, and President of Economic Security Planning, Inc., makers of Maximize My Social Security
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Larry and his team of experts are here to answer your questions about Social Security benefits!

Latest Questions and Answers

What Do I Need To Know About Social Security Benefits For Veterans?

I have been reading about social security benefits for veterans and benefits for getting a portion of my wife's benefits after she has passed. Anything I should investigate?

Hi. Veterans can qualify for Social Security benefits just like anyone else can by paying Social Security taxes on their earnings. You must have a minimum of 40 quarters of coverage (QC), or roughly the equivalent of 10 years of Social Security covered earnings, to potentially qualify for Social Security retirement benefits.

The only special provisions involving veterans in the . . . Read More

Category: Miscellaneous
Posted: Mar 7 2021 - 5:43pm

Is It Legal For My Husband To Pull His Social Security?

Dear Larry, my husband is approaching 60 and Social Security has been weighing on his mind. What he is thinking about is pulling his social security and then what ever that amount is take his paycheck and have equally amount put in his 401k pre tax. I am trying to get him to wait till he is 65 or 67 he is afraid of waiting to long to take that advantage. Can he legally do this and if so when should he start. I am going to have him sign up for your maximize my social security program. Thank you Terrilynn

Hi Terrilynn. I'm not sure what you mean by your . . . Read More

Category: Miscellaneous
Posted: Mar 7 2021 - 1:28pm

Can My Wife Start Drawing Her Benefits At Age 62 And Then Switch To 50% Of My Benefit Amount When I Start Drawing?

Hi - social security question, if my wife files at 62 for her own benefit, she will receive reduced benefit of approx $600.
When I file at 67 (we are FRA at 67 both) my FRA benefit is $2,900.
Can she switch to the spousal 50% $1,450 because she will also be at her FRA, or will that be also reduced because she initially filed earlier before her FRA? Thank you. Val

Hi Val. NO, a person cannot switch from drawing their own Social Security retirement benefits to drawing just a spousal benefit. If your wife files for her own benefits prior to her . . . Read More

Category: Filing Options
Posted: Mar 7 2021 - 1:10pm
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