I am 66 years old self employed living off rental income and not paying social security taxes.My social security benefit at 70 will be $1800 per month based upon my prior work history. Should I start paying myself now and paying into social security to get the maximum social security benefit of $2800 when I turn 70? When should I start and how much should I pay myself to get the maximum benefit at 70? Thank you
Hi,
Generally social security holds back a check. I turned 62 on 9/6/2017 in which I applied on 8/1/2017. I thought it was 3 months before but was given a phone interview date 30 days before. Anyways I thought I was going to get my first check on second Wednesday in October but instead was sent a letter that it will be second Wednesday in November. Why do I have to wait 60 days from birthday vs. 30 days or will my first check be double. My friend got hers 30 days following birthday. Please reply.
I am 71 a us resident and I've worked 10 years and earned my 40 credits to collect social security.
I received my approval and was told my benefits per month will be 425.00 less the medicare of 130.00 per month.
Is this right? I was expecting at least 1000.00 a month. Can you give advice.
Thanks
Hi,
I will turn 70 on Jan 2, 2018. Is there anything I should know or be aware of before I contact social security to start my benefits in Jan. 2018?
Hi,
One thing that you should be aware of is that you will be asked what month that you wish to start receiving benefits, and you will have the option of choosing to receive up to 6 months of back pay. However, starting your benefits effective with any month prior to the month you turn age 70 would result in you receiving a permanently lower monthly benefit rate.
My husband died Active Duty when he was 31and I was 25 at the time. I'am 63 now I have been receiving VA for widows. Have worked all these years. How would taking my SS retirement benefit for myself work, aren't I entitled to my own retirement money.
Hi,
I'm sorry for your loss.
Yes, if you've worked long enough to be insured for Social Security benefits then you should be eligible. I'm not an expert on VA benefits, though, so I can't tell you whether or not drawing Social Security would affect your VA widow's benefits.
I recently retired at age 60 and my Social Security Statement estimates a payment of $2862/month at FRA. How is this possible if the maximum benefit is $2687 for 2017?
Hi,
I AM 69 AND WORKING. I COLLECT SOCIAL SECURITY SINCE THREE YEARS. IN 2016 I MADE $40000.OO WAGES. WILL IT INCREASE MY BENEFITS?
Hi,
i am now almost eighty in 4 months been drawing social security since 62 i never thought I was being paid enough so after all these years I ask they told me that they would re figure it again I now get 1550 they take out 100.00 medicare end up getting 1450 I took 35 years of highest wages it came out to using their figures 1,047,652.00 does this seem it is correct i know taking it early u get a lower amount but i had pretty good salary
Hi,
hi....... just wanted to know if I'm supposed to be getting more on my social security check for being a veteran...thx................
Hi,
I am taking ss payments early at 62 but I have owned my own business for years and my accountants never paid into ss payments enough . Is there any way I can pay into the system now to increase my monthly benefits now?
Hi,