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.
Picture of Professor Laurence Kotlikoff
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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Latest Questions and Answers

How Will People React When They Find Out About This Oversight By SSA?

Okay, Larry, I have been receiving by direct deposit SS payments of $906 on the 3rd of each month for numerous years now. With my birthdate being on the 24th day of the month, my NEW payment day for Social Security income falls on the 4th Wednesday of each month, beginning on January 26, 2022. With the new 5.9% raise, I will be receiving an extra $53 per month or $959 per month total benefit. Fine. But I will be missing 23 days of NOT getting paid from January 3rd to the 26th of January, which amounts to a LOSS of $710 for those 23 days--a dramatic loss of income that neither I . . . Read More

Category: Payment Dates
Posted: Nov 25 2021 - 7:39pm

Is It Correct That My Spousal Benefits Are Limited By The Family Maximum?

Restricted application for spousal benefits on spouse who is 62 on SSDI. I was born in 1953. Social Security says my spousal benefits is limited due to the family maximum although we have no dependents. Is this corrected. My spouse collects 940.00 and I thought will receive 50% of her benefits. Instead I am only receiving 51.00 a month. I did collected spousal benefits from a previous marriage and received 50% and no family maximum was applied. Since I remarried, this has stopped and I waited for 1 year before applying a restricted application for my new spouse. But now the . . . Read More

Category: Family Benefit Maximum
Posted: Nov 25 2021 - 7:16pm

Am I Getting Any Help From The Military For My SS Retirement?

Am I getting any help from the military for my retirment on ss?.

Hi. I don't have enough information about you to be able to give you a proper answer. What I can tell you is that military wages are subject to Social Security taxes, and those earnings can be used when calculating your Social Security retirement or disability benefit rate. Social Security also credits deemed military wages (DMW) in addition to a person's actual military wages for periods of active duty from 1957 through 2001, and those DMWs can also be used to calculate a person's Social . . . Read More

Category: Miscellaneous
Posted: Nov 25 2021 - 7:05pm
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