Do The Spending Rules Still Apply To My Son's SSI Back Pay?
My son who is no longer disabled just received back pay from SSI that he should of recieved 4 yrs ago when he was getting ssi. Do the spending rules still apply. He is 7 yrs
Hi,
I'm not sure which spending rules you're referring to. As representative payee for your son you would be required to use any benefits that you receive on his behalf for his current needs, or save them for his future needs. However, if the payment you received is for a past period of SSI (Supplemental Security Income) eligibility and your son is no longer eligible for . . . Read More
Category: Supplemental Security Income
Posted: Jan 29 2019 - 9:53am
Does An Un-Suspension Count As An Application For Benefits That Can Be Withdrawn?
After receiving Social Security disability benefits, I suspended retirement benefits starting the month I reached full retirement age, to earn delayed retirement credits.
Well under a year ago, I un-suspended benefits for two months, then re-suspended them.
Does the un-suspension count as an application for benefits for the purpose of filing a form SSA-521? If possible, I would be interested in repaying the two months of benefits received and earning the additional delayed retirement credits.
Hi,
No, a request for reinstatement of . . . Read More
Category: Suspending Retirement Benefits
Posted: Jan 29 2019 - 8:40am
How Are Part B Premiums Paid When You File A Restricted Application?
In a previous article you published you state that with file and suspend strategy if you pay for Medicare B premium directly from SS your benefit when you ask for it in the future will be no larger than when you suspended its receipt. As you state this is a really nasty Gotcha.
My question is whether this is also true for a Restricted application?
If so can this be reset if one started this way and starts paying for Medicare B independently via check?
Thank you
Hi,
To clarify what you're referring to in your first paragraph, if . . . Read More
Category: Medicare
Posted: Jan 28 2019 - 9:19am
Is This True?
Money Morning is sending information about under payment of social security benefits for seniors over 50 yrs of age on social security. They claim a person could be owed as much as 10's of thousands of dollars. Is this one of those bait e-mails to get you to purchase some kind of product or service?
Hi,
I don't have any knowledge of the company or mailings that you're referring to, so I can't comment on it. What I can tell you is that the only way that you could be paid Social Security benefits based on your own work history prior to age 62 is if you . . . Read More
Category: Miscellaneous
Posted: Jan 27 2019 - 10:30am
Would My Children Be Able To Receive Benefits If I File Early?
I will be 63 in 2020 and have two dependent minor children both 14 years old. I will be earning $64,000 FICA wages in 2020 (approx 46400 over the earnings limit). My estimated monthly Soc Sec Monthly Benefits at 63 will be $2000 a month for a yearly SSA benefit for myself of $24,000. However, our family max benefit is estimated at $48,000 a year. Since my earnings test calculates out to 11 months of suspension ( 46400/2 divided by $2000 = 11.55 months suspension), would I still be eligible for taking SSA thereby allowing my dependent children to receive a part of their family . . . Read More
Category: Earnings Test
Posted: Jan 27 2019 - 9:53am
Why Did I Get Different Benefit Estimates From Social Security?
Hello,
I'm 60 and single. Have about 19 years employment (was disable for many years with a smattering of employment (about from 1975 to 1980). I'm at about $72000 p/year now.
I went to my SSA online and used calculator which said I'd get $1,122.00 at 62, ($1,083 if I stopped work now and claim at 62), $1,784 at 66 and 8 mths (full retirement.
I then went to SSA office in person to verify the above totals and asked them for a calculation. She (claims rep) gave me a "Benefit Matrix" printout which said I'd get $1,673 at 62 (even if I stopped work now), $2, . . . Read More
Category: Retirement Benefits
Posted: Jan 26 2019 - 10:19am
Is It Correct That I Would Be Able To Collect Social Security Early And Sign Up For Railroad Retirement At Age 70?
I was told that I could sign up for social security before I reached 70 years old, collect that amount and then sign up for my eligible Railroad Retirement at age 70. The idea was that I could collect the maximum amount from them because they make up the difference in the total amount as if I'm 70 years old and I won't take the lesser amount that the Tier 1 would be had I signed up earlier. As such, I would be able to collect SS early and also get the maximum amount later from Railroad retirement. Is that correct?
Hi,
As far as I know that's possible . . . Read More
Category: Railroad Retirement & Social Security
Posted: Jan 26 2019 - 9:57am
Is It True That You Can Start Drawing Benefits Before Full Retirement Age (FRA) And Still Suspend Them When You Reach FRA?
Is it true that if you are single (never married) and take your social security early, before your full retirement age, and you can still suspend you benefits when you reach you full retirement age? If you can suspend at your FRA, do you have to repay all the benefits you already received? Also, is your payment locked into the rate you received with early retirement?
Hi,
Yes, it's true that you can choose to start drawing your Social Security retirement benefits before full retirement age (FRA) and still suspend them when you reach FRA. You'd have . . . Read More
Category: Suspending Retirement Benefits
Posted: Jan 25 2019 - 4:17pm
Can I Still Qualify For Benefits On My Father's Record Even If I've Never Known Him?
I recently got a letter in the mail saying i may be entitled to more benefits if i qualify as a disabled adult child. So i met every criteria except that my mom wasnt recieving benefits now. I live with her. However my dad may be recieving retirenent however i never known him in my life. Can i still qualufy under his pid if i never known him
Hi,
Potentially, yes. The dependency requirement is deemed for biological children, so if your natural father is deceased or drawing Social Security retirement or disability benefits you could potentially qualify . . . Read More
Category: Disabled Adult Child Benefits
Posted: Jan 25 2019 - 11:48am
If I'm Receiving SSDI, Could I Raise My Future Benefit Rate If I Have Additional Earnings?
I'm on SSDI; if i am able to earn the amount allowed without losing benefits, would i have earned enough credit to increase my benefit at FRA?
Hi,
Not necessarily. Your benefit rate would only increase if you earn more in a year than you did in one of the years previously used to compute your Social Security disability (SSDI) benefit rate.
SSDI benefits are based on an average of a variable number of earnings years depending on a person's age at the time they became disabled. For example, say a person became disabled at age 40. In that case . . . Read More
Category: Disability Benefits
Posted: Jan 25 2019 - 11:32am
