Retirement Benefits

Is Social Security Attempting To Mislead People?

In May I filed a restricted application at age 66 for ex-spousal benefits which I have been receiving 1/2 of my ex-husband's PIA for 4 years while my putting off drawing my own retirement benefit til age 70 to earn delayed 32% higher retirement credits. I specified this the comments section when I filed online. This week a received a snail mail letter from Social Security indicating that I could get a higher benefit on my own record. "What You Need to Do. You must apply before we can pay the higher benefit amount.

Will I Be Due The Maximum Rate At Age 66?

I turn 63 in Feb 2017 and currently retired for 6 years. my soc sec. statement shows I will receive the max amount of 2639.00 if I wait till 66 to draw my soc. sec. I understand that the max amount you can get for 2017 is now 2687.00 an increase from 2016. When I look at my statement in feb of 2017 will it show a new max amount for me? thus also showing a higher estimated amount for me than it did in 2016 and will it also increase the amounts I can receive if I retire before age 66 that what it is currently showing since the maximum amount you can get has gone up.

Would It Make Sense To Collect Early If My Future Earnings Will Be Lower?

Social Security estimates are based on future income. I'm looking for work but feel I will not be able to come close to my past income. Would it make sense to collect early in this case? I did a couple calculators and factored in a reduced future income and even waiting until age 70 the benefit is much lower than the calculations based on now. Thank you so much for the helpful information!

Hi,

What Benefit Rates Will My Wife And I Receive?

Hi there. I was born 4-22-1953. Can you tell me is my full retirement age 66 years 6 months or is it 66? Also I worked all my life and so has my wife. If I retire at 65 and she retires at 62 can you tell me is does she get her full amount that she would get at 62 or is her benefits reduced because we are married and I am already collecting? Any help would be appreciated. Thanks. Larry

Hi,

Will My Benefit Rate Go Up If I Keep Working Full-Time?

While taking ss benefits, will they continue to increase yearly if I continue to work on a full time basis?

Hi,

They probably will. Retirement benefits are based on an average of a person's best 35 years of inflation adjusted earnings. They can be recalculated after each calendar year, so if you keep working and earn more than one of your previous 35 highest years, your average earnings and benefit amount will increase. You can qualify for the recalculation, regardless of your age or benefit status.

Best, Jerry

Is It True That Social Security Holds Back A Check?

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''.