I turn 62 in Dec how do I know how much ss I will receive if I retire
Hi. We believe that the best way to get an accurate estimate of your Social Security benefit rate is to use the Social Security benefit calculator included in our software (https://maximizemysocialsecurity.com/purchase). Subscribing to the software would also allow you to fully compare and analyze all of your various options so that you can determine your best strategy for maximizing your benefits.
Best, Jerry
I am in family Court my son receive auxiliary benefits from his mom's SSDI they are asking me to pay child support he received $998 my order to pay child support is $1,100 can the auxiliary money be offset to where I only have to pay $200
Hi. If your son's auxiliary benefits come from his mother's account, then I don't see how that could be used to reduce your child support. I'm not a lawyer, though, so I can't give you definite answer. I have known of cases where courts reduced child support when the child was collecting auxiliary benefits from the . . . Read More
Been divorced 29 yearsi. Ex passed a year ago. We lived together from Nov 1979, got married in 1985, divorced in 1993, Total 14years. Since Okl recognizes common law what do I need to send as proof if there's no living blood relative of his? For death benefits or what can I qualify for? I'm 60 yrs old!
Hi. According to Social Security's operations manual, this is what is required to establish a common law marriage in Oklahoma:
To establish a common-law marriage, the parties must:
1. have an actual and mutual agreement between the spouses . . . Read More
Hi Larry,
My 2021income was $15,000 more than my 35th lowest earning year. I started receiving benefits in June of 2022 so it wasn't considered in calculating my benefits. Am I correct that SSA will recalculate in December and pay me the difference retroactively in a lump sum. Also, my benefits are currently $2551/month, can you tell what my new benefit amount would be? Thanks.
Hi. Social Security does automatically recalculate retirement benefit rates to consider higher years of earnings, but those automated recomputations are usually done in around . . . Read More
Re: FRA for those born in 1957.
FRA is 66 + 6 months.
FRA for 1955 was 66 + 2 months.
Hi. The full retirement age (FRA) for Social Security retirement benefits for people born in 1957 is 66 & 6 months, but the FRA for widow(er) benefits for people born in 1957 is 66 & 2 months. Refer to the following section of Social Security's handbook: https://www.ssa.gov/OP_Home/cfr20/404/404-0409.htm.
Best, Jerry
Can you get spouses widow benefits if you were only married 2 months if he died of unexpected unknown natural causes?
I was denied my second husband benefits. Which is almost 1000 more a month than my first husband,
Hi. I'm sorry for your loss. You can potentially qualify for widow's benefits based on a marriage that lasted less than 9 months if you either had a child in common with the deceased (https://www.ssa.gov/OP_Home/handbook/handbook.04/handbook-0401.html), or . . . Read More
I will be 69 in a week (Oct. 2022) and have been intending to wait until age 70 to collect my monthly SS benefits to get the annual 8% after my full retirement age of 66. With the new COLA of 8.7% is there any benefit to starting benefits at 69 rather than waiting till age 70?
Hi. No. The 8.7% COLA will be added to your benefit rate even if you wait until age 70 to start drawing your benefits. If you're undecided about when to claim benefits, you should strongly consider using our software (https:// . . . Read More
I got married so I don't qualify for my survivor benefits anymore I called the social security office and asked them to cancel my benefits and they said they did but I'm still receiving money. Do I just need to call them again or pay them back or what ?
Hi. Assuming that your benefits should be stopped, then yes you should follow up with Social Security. I wouldn't send any money back to them until they request it, though, because it may then not be properly credited to you.
You don't mention what type of survivor benefits you've bee receiving, but . . . Read More
Hi Larry, My husband passed away unexpectedly in April 2022. He was at FRA but was still working and we were not collecting any SS benefit. I turn 65 in December of this year. SS told me I cannot collect my own retirement benefit then switch to the survivor benefit at age 66 and 6 months. They said my only option is to collect reduced survivor benefits now.
Is this correct? I had a couple different reps tell me I can only take survivor first, continue working then collect my retirement benefit at FRA. My husband made significantly more money than I. I also read on your . . . Read More
Hi Larry if I turn 62 in 2022 will I receive the 8.7 cola raise
Hi. Yes. Everyone born prior to January 2 1961 will receive credit for the January 2023 Social Security cost of living (COLA) increase regardless of when they apply for their Social Security retirement benefits.
You may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully analyze all of your options so that you can determine your best strategy for maximizing your benefits. . . . Read More
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