Hi Larry,
I am 71 and do part time work to stay busy. Maybe 8 to 10 hours a week. Why do you still have to pay into Social security and Medicare ? Seems after paying into for 50 years one could stop.
Thanks
Ted

Hi, if I never filed and then die before my FRA, and my wife had filed early and was now collecting a reduced benefit, she would want to wait until her survivor FRA to collect my full PIA. I understand that much, but here is the question - if her survivor benefit (unreduced or reduced) is larger than her current personal benefit, and she decides to wait, does she have to notify SS of that so that they do not automatically switch her to the higher survivor benefit? If not, does she need to notify them that I died even if I am not collecting yet? Thanks very much.

Sir I received 3 forms from social security office.1 form 1199 ,2 SSA 795(proof of residency) 3) SSA795(2-76. Marriage statement.pl let me know do I need to certify these documents by notary..I live in India and I am confused pl help me.

Hi. Form SSA-1199 is a direct deposit sign up form, and if that's what you received then it doesn't need to be certified by a notary. Social Security doesn't require forms SSA-795 to be notarized either, so it sounds like you will only need to complete, sign, and return the forms to Social Security.

Myself and my wife are both US citizens
when we move to home country can we receive SS benefits and deposited to our bank accounts in US
Thanks

Hi Larry. My normal Ss benefits check comes at the 3rd Wednesday of the month. I got a direct deposit check on the 13th and it was 200 dollars lower.
Any ideas?

We are former subscribers and used your software to good effect in our SS decision making. Now that we are past 70 and retired, we need to create a Roth conversion strategy.
The bulk of our assets are in conventional IRAs and a 401k, but we've converted a small amount into Roth IRAs. The question is whether to continue to make conversions (and how much) as we will start receiving RMDs in 2024.

I turn 70 in July and will begin taking social security. How much income can I make before income taxes are extreme in 2023 and then 2024?

Hi. I'm sorry, but my expertise is limited to Social Security benefits so I'm not able to answer your question. For information about taxation of Social Security benefits, refer to the following Social Security website: https://www.ssa.gov/benefits/retirement/planner/taxes.html.

Best, Jerry

Do I need to file a tax return for sale of my home if social security is my only income

Hi. My expertise is limited to Social Security benefits, so I can't answer tax questions. You should probably check with the IRS or a tax expert.

Best, Jerry

I receive SSDI and was born in Dec of 1956. I'm getting close to full retirement age. Since I also had a student loan that was canceled as ling as I remain disabled, my question is once I hit FRA, am I deemed by SSA to be instantly not disabled anymore? Since they were the ones that notified FedLian that I was disabled inbthe first place, will they report that I maxed out and am no longer disabled?

Can you explain what the 8 percent yearly growth is for social security benefits

Hi. I assume what you're referring to are delayed retirement credits (DRC). Social Security increases a person's Social Security retirement benefit rate by 2/3rds of 1% for each month that they opt not to collect their Social Security retirement benefits from the month they reach full retirement age (FRA) until the month they reach age 70. Twelve months times 2/3rds of 1% per month amounts to an 8% increase for each 12 months of DRCs earned.