Ask Larry

Miscellaneous

Can I Collect My SS Without Any Deductions If I Was Born In January 1955?

I was born January of 1955. I work full time. Can I collect my SS without any deductions for also working full time?

Hi. Since you've apparently reached your full retirement age (FRA) of 66 & 2 months, you could earn an unlimited amount of money without losing any of your benefits to Social Security's earnings test. You could still, however, be required to pay income taxes on some of your Social Security benefits depending on your total income.

Posted: 
Tuesday, August 17, 2021 - 11:22

Will My Children Get Payments For The Months They Missed While Their Benefits Were Suspended?

Im a representative payee for my children's ssdi benefits they receive from their father and their ssdi benefits were suspended because the bank account that they were direct deposited to was closed and it took a few months for me to get a new account my question is will they get payments for the months they missed while their ssdi was suspended?

Hi. Yes. Benefits that are returned or suspended due to an address or bank account issue are reissued once the address/account issue is resolved.

Best, Jerry

Posted: 
Monday, August 16, 2021 - 13:52

Is It OK To Do A Rollover To A Traditional IRA?

I’m crossing guard for 27 years. I/m 80 years old.
My tax lady said to roll it over to my Traditional IRA.
I DRAW My deceased husband social security.
Is this ok?
Thank you
Pat

Hi Pat. You don't say what exactly that you're considering rolling over, so I can't give you a good answer. Furthermore, my expertise is limited to Social Security benefits so I can't weigh in on any tax advice you may have been given.

Posted: 
Sunday, August 15, 2021 - 10:22

How Do I Find Out If My Ex Is Still Living?

How do I find out if my ex is still living?

Hi. My expertise is limited to Social Security benefits, so I don't know if there is a foolproof way to determine if an ex-spouse is living. Social Security does get information from funeral directors and state death registries, so they are informed in most cases when a person dies. They don't release that information randomly, but if you think that you may qualify for survivor benefits in the event that your ex-spouse is deceased, Social Security may be able to tell you whether or not he or she has died.

Posted: 
Saturday, August 14, 2021 - 18:35

Why Did I Get A Deposit To My Account Today?

Why did i get a deposit to my account today

Hi. I have no way of knowing, but this is around the time of year that Social Security normally does their automated benefit recomputations. So, if you had Social Security covered earnings last year then you may have been due a rate increase that has just been processed, which could result in a lump sum payment of back pay. Or, it may be something totally different.

Posted: 
Saturday, August 14, 2021 - 08:24

Can The State Of Florida Fine Me For Working?

If you went on Florida Disability Retirement at age 50 because of constant joint pain and unable to work then and at age 80 you have found a new medication that makes it possible for you to work part-time will the State be able to fine you for working? My husband died 10 years ago and they did whatever they do and I collect that SS now. About 10 years ago I was working at a part-time job and they said I would have to pay back all the disability I had collected and other stuff so I quit. I really need more income and need to work part-time. Is there any way I can?

Posted: 
Wednesday, August 11, 2021 - 18:22
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.