Does Your Software Allow You To Do What-If Scenarios With Regard To Dates Of Work Stoppage?
I HAVE A QUESTION REGARDING YOUR MAXIMIZE YOUR SOCIAL SECURITY SOFTWARE, DO THE WHAT IF SCENARIOS ALLOW FOR DIFFERENT DATES OF WORK STOPPAGE VERSUS COLLECTING SOCIAL SECURITY. EXAMPLE , MY WIFE IS 60 (AND DIDNT WORK FOR 12 YEAR, AGES 35-47) , IS HER AGE 67 BENEFIT REDUCED IF SHE COLLECTS AT AGE 67 BUT DOESN'T WORK AFTER AGE 62 ? IS MY BENEFIT AT AGE 70 THE SAME, WHETHER I WORK TO AGE 66 AND TWO MONTHS OR WHETHER I WORK TO AGE 70. ( I AM 64) HOW DOES ONE KNOW HOW MUCH BENEFIT IS GAINED BY WORKING ADDITIONAL ( OR LOST IF YOU DON'T WORK) YEARS IF YOU PLAN TO COLLECT AFTER YOU STOP . . . Read More
Category: Maximize My Social Security Software
Posted: Aug 15 2019 - 9:37am
Is It Correct That I Don't Qualify For Divorced Spousal Benefits?
I am divorced.
My ex-wife was an RN.
Several years she earned in excess of $6000. Mnt.
I was told that I don't qualify for the spousal benefits
Hi,
There's not enough information in your question for me to know if you could qualify for divorced spousal benefits. First off, you'd need to have been married for at least 10 years, and you'd have to be at least age 62 and currently unmarried. Additionally, your ex-wife would either need to be receiving Social Security retirement or disability benefits, or she would have to be at least . . . Read More
Category: Divorced Spousal Benefits
Posted: Aug 14 2019 - 10:26am
Do I Have To File For My Social Security Early If I'm Receiving Welfare?
I work full time but qualify for medical assistance since I just turned 65 I was told by the welfare dept that I must take social security money. I want to continue to work and get my full benfits when I turn 66. they/welfare/ are saying that I have to take partial benfits now and I cant wait until my full retirement age.is this legal I don't want to take the money I want to wait until im 66. help me im scared.
Hi,
I wish I could help you, but my expertise is limited to Social Security benefits only. You aren't required to apply for Social Security . . . Read More
Category: Miscellaneous
Posted: Aug 14 2019 - 10:17am
Can I Receive SSDI Benefits?
My husband died 16 years ago and I received survivor benefits. My youngest son will be turning 18 next year. I am 47 and the last benefits I received were in May of 2018. Last year I had surgery on my foot that has left my foot and leg with severe nerve, vascular and muscle damage. I have not worked and received a paycheck since 2003 but before that I worked as a Registered Nurse. My full time work was caring for our children after my husband died.
Can I receive SSDI since I have not worked outside the house over the last many years or do I have to wait and file for . . . Read More
Category: Disability Benefits
Posted: Aug 13 2019 - 4:50pm
Would I Qualify For Social Security Disability?
I am 76 years old. I receive Social Security ($2267) and a pension ($1116) a month. I have peripheral neuropathy which caused the bones in my foot to collapse creating an open wound in the arch of my foot. this happened 6 years ago. It will not heal. The last time I was able to work was 2017. I struggle standing and walking. My job paid into Social Security for over 30 years. Would I qualify for Social Security Disability? Thank you.
Hi,
I'm sorry to hear about your health problems, but the answer to your question is no you couldn't qualify for Social . . . Read More
Category: Disability Benefits
Posted: Aug 13 2019 - 4:37pm
Would My Benefit Be Increased If I Claimed Under My Spouse?
I'm impacted by the WEP and wanted to know if my benefit would be increased if I claimed under my spouse?
I was born in 1953 and my spouse in 1955.
Hi,
The answer to your question depends on your and your spouse's relative benefit rates and the type of pension that is causing your WEP (Windfall Elimination Provision) reduction. If you're already drawing your own Social Security retirement benefits and assuming that your spouse is still living, then you could only qualify for additional benefits from your spouse's record if your spouse's primary . . . Read More
Category: Spousal Benefits
Posted: Aug 13 2019 - 4:20pm
Would My Spouse's Earnings Affect My Benefits?
I am 64 and my spouse is 67. I retired in February 2015 and I have a pension. We both have had long careers and good incomes. My benefit if I applied today would be around $2500 a month If my spouse files a restricted application, is my spousal benefit affected in any way by his continuing to work?
Hi,
Your spouse is apparently the only one of you that was born prior to January 2 1954, so only he could potentially file a restricted application for spousal benefits only. Anyone born after January 1 1954 is deemed to be filing for both their own Social . . . Read More
Category: Earnings Test
Posted: Aug 13 2019 - 8:04am
If I Continue Working Past Age 70 Can I Earn Additional Years To Offset My WEP Penalty?
If I am continuing to work past 70 and am gaining additional years to offset my Windfall Elimination penalty, will my benefit continue to increase by holding off on filing? My Maximize My Social Security readout shows an increasing benefit after 70 which makes me believe that is possible.
Hi,
Yes, if you continue working past age 70 and earn at least the amount required to be classified as 'substantial earnings' for purposes of the Windfall Elimination Provision (WEP), it could reduce the amount of WEP reduction applicable to your Social Security . . . Read More
Category: Non-Covered Pension - WEP / GPO
Posted: Aug 12 2019 - 10:42am
Should My Husband File Just For Spousal Benefits When My SSDI Benefits Convert To Regular Retirement Benefits?
Background:
Husband, (Civil Engineer), will turn 66 in September,2019. He plans to continue to work until age 70 to maximize his Social Security benefits.
Wife, (former legal secretary). will turn 66 in December, 2019. She has been on disability (for blindness) for 22 years. but did work for more than
80 quarters prior to disability.
Plan:
Wife's disability will automatically convert to Social Security at age 66 in December, 2019. She draws $1,568/month.
Husband plans to retire at age 70; however, since that birthday is in September, . . . Read More
Category: Filing Strategies
Posted: Aug 12 2019 - 10:14am
Will My Social Security Be Subject To WEP If I Receive A Survivor Benefit From My Husband's Government Pension Plan?
I worked for more than 30 years contributing to social security system. My husband, on the other hand, worked for a job contributing to social security previously before he worked for a government for 20 years with a pension plan. We are both preparing to file for retirement. My husbands social security is subjected to WEP. My question is because I am entitled for a spousal survivor benefit from his government pension, will my SOCIAL SECURITY be subject to WEP when i receive the spousal benefit after he passes? Thank you.
Hi,
No, if you receive a . . . Read More
Category: Non-Covered Pension - WEP / GPO
Posted: Aug 12 2019 - 10:06am
