Ask Larry: Questions and Answers | Maximize My Social Security

Displaying 1021 - 1030 of 10063 questions.

Is There Anything Else I Need To Do?

Hi Mr Larry
I was found disabled on 01/01/1988. My disability began before 22. I think I applied , it had to been before 22, because I was found disabled 01/01/1988. My mom is deceased. I am 56 years old. I called social security this morning to apply. They set me an appointment to speak to someone. I am applying for Disabled Adult Child Benefit and Survivor Benefits. A lot of the health problems I am having now is the same ones I had 5 to 6 years ago. I HAVE DOCUMENTATION OF IT ALL. I HAVE FULL DOCUMENTATION OF MY NEEDING A FULL HIP REPLACEMENT. MR LARRY ,DO YOU THINK . . . Read More

Category: Disabled Adult Child Benefits
Posted: May 9 2022 - 3:28pm

What Happens Now That I Exceeded The Earnings Test Limits?

2021, started collecting retirement benefits. However, I exceeded income and monthly maximum limits. I started at 63 February
What happens now that I e exceeded both limitations? I cannot withdraw my application as it is more than a year

Hi. Given you description, if none of your benefits were withheld last year then you were overpaid. Once Social Security finds out that you earned too much, they'll notify you of the overpayment and propose suspending your benefits for as long as it takes to recover the overpayment. Social Security will eventually . . . Read More

Category: Earnings Test
Posted: May 9 2022 - 2:23pm

Am I Eligible To Receive COLA Payments?

I'm 62 I'm recieving my husband's death benefits. An wounder if I'm eligible to receive cola payments?

Hi. To clarify, cost of living adjustments (COLA) aren't separate payments. But, if you're drawing Social Security survivor benefits then your benefit rate will be increased by the percentages of any future Social Security COLA increases. Social Security COLAs apply to all types of Social Security payments, including survivor benefits.

Best, Jerry

Category: Cost Of Living Increases
Posted: May 9 2022 - 12:47pm

How Can I Secure My U.S. Social Security So It Doesn't Get Reduced?

As a dual national through marriage for 2/3 of my life and working overseas and living In Europe, what must I do to secure my US social security so it does not get reduced?

Hi. Being a dual national wouldn't adversely affect your U.S. Social Security benefits, but if you collect a pension based on your work in a foreign country then your U.S. Social Security retirement or disability benefits could be lowered due to the Windfall Elimination Provision (WEP). If you have at least 30 years of substantial U.S. Social Security covered earnings, then you would . . . Read More

Category: Miscellaneous
Posted: May 9 2022 - 12:32pm

Can I Get Any Help For Me Or My Kids?

Dear sir i am here as singal mom with my 2 kids i dont have any job no house so i requested u to helo me or my kids

Hi. There isn't enough information in your question for me to be able to give you any advice. You may want to contact Social Security and the Social Services office in your area to find out if your family qualifies for any type of assistance.

Best, Jerry

Category: Miscellaneous
Posted: May 9 2022 - 12:29pm

Is It Correct That Social Security Took Away My Medicare And Social Security Benefits?

I was married collecting spousal Social Security. I remarried in December 21 and never got notification they took my Medicare and Social Security away and just informed me now May 8 is this OK?

I was collecting spousal benefits from my ex-husband remarried and would like to collect off my new husband as of December 10 they drop my benefits never inform me and it is now May 8 what can I do about this I have no Medicare now thank you

Hi. I don't have enough information to give you a definite answer. What I can tell you is that if you were drawing . . . Read More

Category: Miscellaneous
Posted: May 8 2022 - 11:26am

Is It True That I Cannot Postpone Receiving SS Beyond My FRA In Order To Receive A Larger Monthly Benefit?

Hello Professor Kotlikoff,

You are recognized as an expert in Social Security, and I intend to order your book on this subject and have a question for you that I am hoping you will answer :

I read that I do indeed meet the requirements and am eligible to apply for receiving Social Security benefits as a surviving divorced spouse when I reach FRA . Sadly, my ex wife passed away prior to age 62, and so she did not begin receiving SS benefits. Is it true that one in my circumstances CANNOT permitted to defer / postpone receiving SS beyond my FRA to age 70 ( for . . . Read More

Category: Filing Options
Posted: May 8 2022 - 11:16am

Will My Kids' Benefit Rate Increase When Their Siblings Stop Collecting Benefits?

My late husband has 7 children all of which gets survivors benefits. My kids are his youngest two and 4 of them are set to graduate high school in the next couple years. So my question is will my kids increase when the others graduate or will it remain the same into they graduate.

Hi. Yes, when that many children are collecting benefits on the same record, their benefit rate is limited by the family maximum benefit (FMB) amount. In such cases, when one or more child stops collecting benefits, the share of the FMB that was being paid to those children can . . . Read More

Category: Child Benefits
Posted: May 8 2022 - 11:00am

If I Apply Now And Later Suspend Benefits Will I Have To Pay Back The Full Amount I Collected?

I am 68 and half years old. I'm gainfully employed and making $140,000 a year.. I am not collecting social security currently. Each.year I have worked in the last 40 years I have reached nearly or exceeded my social security taxes that were taken with the payroll taxes. I want to continue working until at least age 70 years old. I want to apply for security benefits now and receive benefits for 12 months and suspend the benefits until I turn 70 years old..

Will my benefit amount be different if I didn't apply for social security until I turn age 70 or I apply for . . . Read More

Category: Filing Options
Posted: May 8 2022 - 10:29am

If I Receive A Lump Sum Workers Compensation Settlement Will It Affect My Social Security?

i am 69 myears old.i receive social secuity. iI also coleect worker comp disabailty.If i take alum sum settlement with workers comp.Will that money effect ss benfits

Hi. No. Since you are over full retirement age (FRA), Workers Compensation (WC) benefits wouldn't affect your Social Security benefits regardless of whether the WC is paid periodically or in a lump sum.

However, receiving a lump sum WC payment could potentially affect how much, if any, of your Social Security benefits are subject to income taxes ( . . . Read More

Category: Miscellaneous
Posted: May 6 2022 - 12:49pm

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