I am 64 and my wife will be 63 next month. We have a 20 year old disabled child who is currently living with us. Our daughter will rely heavily on Social Security benefits since her earnings will be minimal. My question has to do with maximizing her Dependent Adult Child (DAC) benefits. My social security benefit statement shows my benefit at FRA as $2390/month, at age 70, it will be $3220. The Maximum Family Benefit is shown as $4090.
Family Benefit Maximum
I have two questions. If it appears that at my full retirement age, 66-1/2, we will hit the max of the family benefit (my Social Security, and my husband claiming on mine), is there still an advantage to me working until I'm 70?
Both my husband and I collect social security on our own records starting at FRA in March 2016.
In 2017, my husband collected $2647, and I collected $1002. They had paid me a spousal benefit starting in March 2016 but sent a letter of overpayment in Nov 2016 and now only pay me on my record citing FBM.
Our 38 yr old daughter has been disabled since birth. She has worked part time for several years and receives SSA based on her own work record. My husband and I just applied for retirement benefits starting in 2 months when he reaches full retirement age (66) and I will be almost 65.. The representative told us that our daughter will now have to get benefits based on my husbands work record. His benefit will be about $2500.
I am 62 years old and plan to retire when I turn 63 in August, 2018. I have worked my entire adult life and easily qualify for SS benefits. My wife is two years behind me and plans to retire with me in August, 2018. She’ll be 62 at that point, has worked most of her adult life and qualifies for her own SS benefit. We are trying to determine if it would be beneficial to have her climb on my SS benefit plan. I understand her benefit would be ½ of my full retirement benefit, which would be greater than if she filed for SS independently.
My husband is 59 (full retirement age is 66 and 8 months) he wants to retire in June 2020 at 62.His full retirement amount is $2434 and early is $1755. I did not work enough to claim under my own record.I turn 62 in Feb. 2021. We have an adult disabled daughter (disabled since birth currently receiving SSI) that will apply under dads record. I have gotten the run around from SSA they won't tell me what the family maximum is and what her and I will get. I believe I am considered young spouse since I am her primary caregiver. I should collect before I turn 62 right?
Combined Family max or just Family Max?
Your FAQs are extremely helpful. I hopel you can help determine by rights for SS payments.
My wife and I are both now 66 (she in July 2017 and I in August 2017) and we have a disabled daughter living with us on SSI who currently gets $735/month. My wife's PIA is $940 and my PIA is $2341. My wife just started receiving her monthly $940 and we were planning on my applying for spousal benefits at $470 and letting my account grow at 8% until it reaches my maximum of $3090 when I am 70.
Hi. My husband is permanently disabled and has received ssdi for about 11 years, he is 53. We have one non-disabled child and one child (3 years old) who is disabled. He does not receive ssi because we have not formally applied. Is there a family maximum you can receive? So my son could not get ssi if my husband's ssdi is too high? My husband thinks that if we applied, it would reduce his amount and we'd just end up with the same amount monthly anyway. Should we not bother? Thanks.
I am considering retiring at age 62, which will be May 2018 (62 plus one month). My current PIA is $1138. My wife will be 54 when I take early retirement; however, we will have three daughters ages 16, 11, 8 by May 2018. My wife is a traditional homemaker who takes care of these three children. Can you tell me what the MFB would be for us (We also have another daughter who will be age 18 by May 2018)?