Jerry -
Below is part of the answer that you emailed this morning, 15 Oct 2016.
''If you reach age 70 in October, you are eligible for a check for October. It's true
that the payment is issued in November, but the payment is for the month of
October''.
Dear Mr. Kotlikoff -
Social Security is a government program that every person in this nation is ''forced'' to join as far as this writer understands.
Will turn 70 the end of October, will start SS at this time and have just learned the following: ''So, if a person was born in October, his or her first month of eligiblity is November. Since SSA ''pays individuals a month behind'', the person will receive the November benefit in the month of December''.
Hi Larry,
I am 62 years old and my ex husband is 59. He was the more substantial wage earner. Does it make sense for me to draw my SS until he is of retirement age and then switch to his? Do I get to keep both?
Best, Suzanne
Dear Suzanne,
I make $106,000 and plan to retire in 2018 at age 70. SS tells me that I will make about $2500 a month if I continue at that salary. How much would I get in 2018 if I stop working now? Thanks. Von
Hi Von,
i started collecting ss at age 62 , when i went to federal prison my ss stopped , i need to apply for ss now at age 73 will my ss be paid at the 62 age or the age of 73
Hi,
Your benefits will resume at the reduced rate you took at age 62, inclusive of cost of living increases that occurred while you were imprisoned. You don't need to reapply for benefits, by the way. You just need to show Social Security proof of your release, and your benefits will be reinstated effective with the first full month of freedom.
Best, Jerry
Can I get a social security letter of my mom decease statement after 10 year of her death. With the amount of benefits and if she got any retroactive benefits on the time she was receiving the social security benefits. Thanks
Hi,
You can ask Social Security, but I doubt if they'll do that for you. That type of information is not readily available and it would take a significant amount of time to reconstruct a person's full payment history.
Best, Jerry
Hi Larry,
I have 2 brief issues concerning ss. I will turn 66 early June, 2017. I still work part-time. Just looking for an opinion of taking sometime from Jan-March or waiting it out until beginning of June.
Also , my wife turns 62 shortly 9/26/16. Your thoughts on waiting until 1/2017. She does not work (has all credits).
Thanks, Brian
Hi Larry,
My wife retired in 2015. She is 63 years old and her birthday is Feb 23,1953. SSN web site says that if she waits until 66 years old her monthly payment would be about $1,320.00. My question is if she waits until 66 to collect (and doesn't work anymore) would her estimated amount of $1,320.00 decrease because of her not working for the last few years before turning 66. Thank you. So you know I'm 64 and intend to collect when I turn 70.
Thank you, Chuck
Dear Chuck,
Dear Larry,
Paid SS for 40 years. Working now for a school system that does not hold SS BUT REQUIRES 8% pay into teachers retirement that I will never be eligible to receive benefit. Does this reduce my SS retirement benefit when I retire? Do you pay SS voluntarily to not have zero average. Thanks for response
Hi,
As long as you don't receive a pension, or lump sum in lieu of a pension, based on your non-covered work, it won't cause any reduction in your Social Security benefit amount.