Ask Larry

Is This Correct?

I applied for SS widow bendefts. Was given 425.00 +/- per month added to my own SS benefit. I'm 70 yrs old and continue to work, thinking I'm increasing my total benefits. Wrong! His benefits keep going down the more I work. Is this correct?

Hi,

Unfortunately, the answer is yes. You can essentially only receive the higher of your widow's rate or your own retirement rate, so when your retirement rate goes up due to additional earnings, your widow's rate will go down accordingly.

Best, Jerry

Category: 
Posted: 
Oct 12 2017 - 3:19pm
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