Filing Options

What Would Happen If I Apply At Age 69 1/2 And I Elect To Receive 6 Months Of Retroactive Benefits?

Category: 

I’m 68 and will be 69 on April 2, 2021. If I understand correctly how retroactive payment works, should I wait until October 2, 2021 (6 months after I reach 69 years old) to file for my SS benefit, receive retroactive benefits AND receive the 8 percent additional amount for year 2021?

Hi,

When Should I Apply For FRB, And How Will It Affect My Divorced Spousal Benefits?

Category: 

Hello Larry et. al. I had purchased your book about four years ago and thanks for the valuable information that you and your colleagues shared, I was able to do a "restrictive" Social Security on my ex wife. I will be turning 70 in mid January. I had also worked for the New York City Transit Dept. in the Railroad sector. Question: (A) Do I start applying for FRB now to be effective mid January? (B) Will I then forfeit my ex's restrictive SSB once I do get my FRB at 70? and lastly, (c). Am I entitled to any railroad retirement benefits from SS.

Will I Now Get My Husband's Full Amount And Still Be Able To Postpone My Own Benefits Until Age 70?

Category: 

My husband took social security at 62. I took ½ my husband’s social security at 66 (my FRA) and postponed taking mine until 70 (we’re both 1953 kids). My husband just passed away. I assume I’m entitled to 100% of what he was getting and the payment for me will be cancelled and I’ll still postpone mine until 70. Since we’re both receiving benefits, social security won’t give me estimates over the phone. Can you tell me if this sounds right. I know the SSA will take months and I’m just trying to plan. Thank you so much for your input.

Hi,

Can My Wife Start Collecting Her Benefits At Age 65 And Then Change To Drawing Spousal Benefits At FRA?

Category: 

Hello Larry,
My wife and I are both age 62.5. Our FRA is 66.5.
I plan to start collecting Social Security at age 65 (with some reduced benefits from FRA). If my wife also starts collecting Social Security at age 65, can she then change to claim my higher Spousal benefits at her FRA (66.5)? Would the formula be based on my earlier locked in reduced benefits or at the rate I would have received if I had waited till FRA myself? Thank you for your answer. I am just in a planning stage now, but I think your program would be a good value for me to purchase shortly.

If I'm Fired Can I Start Getting My Widow's Benefits?

Category: 

Hi Larry I am 58 and my husband died a few months ago. I want to retire at 62. Should I get my husbands ss. And wait to apply for mine? Also I have an ex husband that I can claim ss on. How should I work this put to my benefit? One last question, my job is kinda iffy due to 19, if I am fired can I start getting my widowers benefits?

Hi,

I'm sorry for your loss.

If My Sister Files For Her Own Benefits Now Will It Reduce Her Future WIdow's Benefits?

Category: 

Hi Larry, My sister's husband died in November 2015 at 65 years. He hadn't filed for Soc. Sec. Five years later my sister is 62 years old.

1) If she files for her own Soc. Sec. now, at an age reduced amount, would that early filing affect her available amount from her husband's surviving spouse Soc. Sec. at her Full Retirement Age of 67yr. 2m?