I notice that your software is available for a $40 annual license fee. Is this an automatic renewal? If I pay for the annual license this year to start my retirement planning (I am currently 53) do I need to continue to pay the $40 every year until I start drawing Social Security?
Hi,
No, annual subscriptions to our software are not renewed automatically.
Best, Jerry
I turned 62 in the last part of Jan. and I have a good amount of money saved. Planned on taking Social Security as soon as I can so I don't have to used the money I have in my IRA. I collect a pension and my wife also collects a monthly check. The early check for Social Security check would be around $1900 a month.
Is there anything I can do to increase the amount at age 62.
Thanks in advance.
Hi,
Not really, other than waiting until you are older to start drawing and/or with additional earnings ( . . . Read More
I was married to my husband for 11 years. I am 12 years older than him. When we separated in 2002, I discovered he was not an american citizen, but had come to the US on a student visa when he was 15, sponsored by his uncle. His parents came to the US when he was in college. After college he worked professional jobs until 2005 when went back to Fiji (court ordered.) My question to you, ...( The news from Fiji is..my X husband is dying of cancer.) Will I be able to file for a widows pension in the event that he passes, here in Sacramento? He is 56 now.
We filed taxes . . . Read More
Hello
I recently applied for Social Security, I turn 62 or more to 25th, I was told that my first check will be for the month of April however my first payment would be in May. I was told that my payment will be a month behind, meaning in my opinion I will never see that payment due to the fact it will be paid after death. What I'm not understanding if my dad died in June 18, last year therefore he receives his may check in June, what happened to his June check which he was alive that month ? What do the Social Security department do with peoples math what do the Social . . . Read More
My husband passed away suddenly approx 5 yrs ago. I now have an inherited IRA-invested. He was only 52. We were married 31 years. I am now 55. I have questions. What happens to my survivor/widower benefits if I remarry before age 60? I believe I loose them but not sure. What happens if I get married then divorced? Do I regain my first husband's back? What happens if I stay married, but my second husband dies? I have worked full time my whole life-how do my retirement benefits work with my first husbands retirement benefits/survivor/widower benefits, my own benefits, and, if I . . . Read More
I am 68+ years old and want to apply for a restricted SS application. I want to take half of my spouse SS. My question is: Can I take a lump sum on my spouses SS with a reduced payment and then convert to my SS at age 70. .Is there any drawbacks to this approach? Or would you recommend just taking 1/2 of my spouse SS. Thank you
Hi,
I'm not sure what you are referring to by a lump sum. If your spouse has been receiving their benefits for at least the last 6 months and you haven't yet filed for your benefits, you could file for spousal benefits up to 6 . . . Read More
If I file for SS benefits at 64.4 and then my husband, who was born 4-13-53 files for a restricted spousal benefit at 66, so his SS can grow till 70, but he should die at 68, could I then suspend mine, take a widow benefit at 66 and let my SS grow until maxed out at 70, and then go back to my SS??????
Hi,
No. Once you file for your own retirement benefits that becomes your primary benefit for life. If you subsequently become entitled to a higher widow's benefit, what you would then get is your own benefit plus a partial widow's benefit that would . . . Read More
Someone I know has not paid into SS and fica since 2004. He is sick and on dyalasis. He is in his mid 50's. Would he be eligible for disability? Or even SS when he is older? He did Marry a exwife in order to get health insurance through her job. Is he eligible to collect spousal disability? Would this effect the amount she would recieve when she retires?
Hi,
It sounds like your friend wouldn't qualify for Social Security disability benefits (SSDI) unless he became disabled in 2009 or earlier. In order to qualify for SSDI after age 30, a person must . . . Read More
I am planning to wait until age 70 to claim my social security benefits. My wife worked outside the home for a time before we started our family, but has not worked for a paycheck in many years. It turns out she's 3 credits short of the 40 required for her own benefit. We're planning to move and offer our current house for rent soon--is it possible to use that business in some way for her to get her 3 remaining credits? Thanks!
Hi,
Probably not. Rental income is almost always considered as unearned income and is therefore not subject to Social . . . Read More
Hi my husband passed away in 2007.i collect his pension..i am t8 now and plan on collecting his social security ay the age 60..i plan on retiring in 2 or3 years..i have been working at my job dor 18 yrs now. His social security $ will be more then mine.he worked for liberty lines then the twu took over.he worked all his life.will i get his partial amount..i was going to call and find out.
Hi,
I'm sorry for your loss.
If you file for widow's benefits at age 60, your widow's rate will be reduced by 28.5% from your unreduced full retirement age . . . Read More
Results will differ based on your specific case and filing strategy.