Ask Larry

Filing For Benefits

When Should I Submit My Application For Benefits?

I am 69 and plan on starting on Social Security when I turn 70 this December 2016. My wife is 61 and basically was a stay-at-home wife but did earn enough working to qualify for SS. My two questions are: What to I have to do to make sure that my payments begin when exactly when the SS system defines my turning 70 so I do not leave money on the table and 2) when should my wife begin to take her benefits?

Wednesday, July 13, 2016 - 13:45

What Are Filing and Suspending and Filing a Restricted Application?

What is the difference between a restricted filing and file and suspend. What is a restricted filing? Thanks, John

John, restricting your application simply means filing for just one benefit when eligible for more than one, which is not the same as filing for your retirement benefit and then suspending it in order to earn delayed retirement credits of 8% per year applied monthly. Thanks, John

Friday, July 1, 2016 - 17:45

How Do I Choose Between Benefits?

Mr. Kotlikoff, I was married for more than 10 years, my ex-spouse passed away last year at age 64. I will be 63 this year. I have visited the social security office a few times to ask questions. I was given a printout last December showing the deceased ex-spouse benefit I would receive (shows how much it would go up each month until I turn 66). I would get from his benefit, more than double what I would receive on my own work record. I am thinking of retiring later this summer, 2016.

Monday, June 20, 2016 - 20:45

What If I Don't Hear Back From SSA?

When we applied April 9, 2016 for June benefits, our confirmation said we would receive a letter within 30 day with either a decision or requesting more information. It also said we could check on-line. It has been 51 days with no letter and no decision posted to our on-line accounts. What should we do?


Monday, June 20, 2016 - 20:15
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