Ask Larry

Railroad Retirement & Social Security

Why Can't I Collect My Social Security And My Late Ex-Husband's Railroad Pension At The Same Time?

Why can't I collect my Social Security & my ex late ex husband Railroad Pension at the same time??
I am 66 yrs & 2months old & will work till I am 70 yrs old.
He has a lot on money in his pension.
Also Why am I not getting his full benefits from his Railroad Pension since I am 66yrs & 2 months & just getting 50% from his Pension?

Posted: 
Thursday, July 1, 2021 - 09:35

How Does Social Security Figure The Amount Of Survivor Benefits?

My husband, for 10 years, worked for CSX railroad, and then at a job he in which paid into Social Security for 27 years.
I did not pay enough into SS on my own, so collect as a spouse.
Railroad Retirement says if he dies, I will no longer get my benefits from RR, but through SS.
How does SS figure the amount? Equal, less?

Posted: 
Tuesday, June 15, 2021 - 13:23

Will My Years Of Railroad Retirement Payments Be Considered When Calculating My Social Security Benefit Amount?

Paid 17 years into Railroad Retirement from 1971 to 1987. Paid 29 years into Social Security from 1987 to 2016. Retired and started drawing Railroad Retirement at 63. Letting Social Security grow with delayed credits until 70 ( in about 2 years). My question is since social security takes the top 35 years of indexed earnings, will my years of railroad retirement payments be considered or will I have 6 years of zero earnings.
Thanks,
Jim

Posted: 
Monday, June 14, 2021 - 20:00

Will I Lose A Month Or More Of Payments If I'm Receiving Railroad Benefits And I File For Social Security?

I want to change from receiving RRB Tier 1 and Tier 2, to receiving social security and Tier 2.

I'm concerned about the timing. Will I lose a month or more of payments because social security takes 2 months to pay from when I file my claim?

Posted: 
Monday, May 24, 2021 - 21:46

Would It Be Best For Me To Draw My Social Security Benefits Early And Wait Until Age 67 To Claim My Railroad Retirement Benefits?

I have 25 years with the railroad. But before I came to the railroad I have 17 years with Social Security. Is it best that I draw my Social Security and then wait until I reach the age of 67 to get my full benefits from the Railroad RRB

Hi. My expertise is limited to Social Security (SS) benefits, not Railroad Retirement (RR) benefits. The extent of my knowledge about RR benefits is that if you claim both SS & RR benefits, the Railroad Retirement Board (RRB) will offset your Tier 1 RR benefits dollar for dollar by the amount of your SS benefit.

Posted: 
Tuesday, May 18, 2021 - 19:22

Do You Have Any Additional Information To Share About My Railroad Retirement And Social Security Benefits?

I am spouse of Railroad employee who worked for 42 yrs on RR. He retired @ 60 with full retirement benefits. I have been collecting RR benefits since I turned 60. I am now applying for my social security (worked 32+yrs) as I am able to @ 66.2 mo. yrs old. My SS benefit is $803.00 more than what I am collecting from Tier I. from RRB. It was confusing with the SS rep (as never dealt with any one on RRB nor had her boss) when I applied because I am considered under the jurisdiction of RRB. They only need to certify the increase in benefits to RRB after I applied.

Posted: 
Thursday, May 6, 2021 - 17:22
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.
$40 Annual Household License
$299 Annual Financial Advisor License