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Larry and his team of experts are here to answer your questions about Social Security benefits!
Larry and his team of experts are here to answer your questions about Social Security benefits!
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
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
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
Results will differ based on your specific case and filing strategy.