Ask Larry

Filing Options

Do You Factor In Potential Future Changes In The Law?

When you provide your opinion about when people should take SS, do you factor in at all the fact that the pot will run dry and that at some point Congress may cut benefits? I am fearful of this happening and am wondering if it is not better to file sooner than later, even though my monthly checks will be smaller, just in order to be "grandfathered" in to the system. What are your thoughts about this? Thanks for all your advice!!!!

Hi,

Posted: 
Wednesday, February 8, 2017 - 07:15

Can I Collect Half Of My Husband's Benefit And Wait Until Age 70 To Start My Own Benefits?

I INTEND TO CONTINUE TO WORK AFTER AGE 66 WHICH IF MY FULL RETIREMENT AGE TO COLLECT BENEIFTS. MY HUSBAND IS NOW COLLECTING FULL SOCIAL SECURITY BENEFITS. CAN I CONTINUE WORKING COLLECT HALF OF HIS SOCIAL SECURITY BENEFITS AND
HOLD OFF TILL 70 TO COLLECT MY OWN.

Hi,

Posted: 
Tuesday, January 31, 2017 - 06:15

When Should My Husband File For Benefits?

My husband is 62 and worked for "free" at his Mothers bar for 35 years. So he has no social security credits. I am 56 and have worked my whole life. We have 2 children under 16 and my husband has a pacemaker, is deaf in one ear and just had hip replacement surgery. Should he file? Or do we wait until I am 65/67?

Hi,

I'm sorry to hear about your husband's health problems.

Posted: 
Friday, January 27, 2017 - 12:00

How Can I Find My Break-Even Point?

I am single with no option of filing on anyone else's benefits. I would like to retire and collect my SS at 66 (full retirement for me), but still keep working. How can I find the break even point for me so I can decide whether to try and wait until I'm 70 to start collecting? I do have an employer pension fund which I can begin taking at 65, or defer until later.
Thank you.

Hi,

Posted: 
Thursday, January 26, 2017 - 11:45

What Is Our Best Strategy?

My husband turns 66 in July - I am 64 and we have a 15 year old grandchild of whom we have custody. We need to file for his SS in order to buy a house. He plans to keep working as do i, for another couple of years. Is our best option to just file for his? I think I read that we can file for additional benefit for the child - is that correct? Thank you!

Hi,

Your grandchild won't qualify for child's benefits on your or your husband's records unless he is either adopted, or if both of his natural parents are either disabled or deceased.

Posted: 
Thursday, January 26, 2017 - 07:30

When Should I Apply For Benefits?

I am 63 years old and due to financial need, I intend to file for my Social Security benefits now and will be asking to suspend until them until I reach age 64 in October of this year . I am not asking for spousal benefits but is that a possibility as my husband began receiving his benefits at age 70. He is now 75. My estimated monthly benefit will be $1402.00 at age 64. My husband's monthly benefit is $802.00.

Posted: 
Wednesday, January 25, 2017 - 06:00

What Do You Advise In Our Case?

I just turned 62 in December 2016. My husband is 59. I was just notified my job is being phased out in the next few months. I made less than $300 for the last two months. I am in poor health. My husband is only working part time. After losing a job and being injured. We are struggling financially. I am considering filing for benefits strictly because of financial hardship. What do you advise? Help!

Hi,

I'm sorry to hear about the problems that you're having.

Posted: 
Sunday, January 22, 2017 - 08:45

Can I File For Spousal Benefits Only?

I am 66 years old, separated for over 14 years, never divorce, I live in Texas and my husband lives in Georgia for over 14 years. He is retired USAF and on SS. Can I apply for Spousal Benefit and continue working not using my own SS benefit?

Hi,

Yes, it sounds like you would qualify to file a restricted application for spousal benefits only, and let your own benefit rate grow until age 70.

Best, Jerry

Posted: 
Wednesday, January 18, 2017 - 07:30
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