Want me to look over your numbers? You've got options. Check out the website for more information: www.approachfp.com/ Note: I do not discuss offerings, pricing, etc. in these comments. Please proceed to the website, where you can find a substantial amount of detail.
My friend works at SSA and he tells me that the most common complaint is from people who come in to check on their benefits and find out that after working all their lives that they're not going to receive much from their SSI benefits. The most common reason is that they were self-employed and cheated on their taxes for decades. This is sad because all along they were thinking they were getting away with paying less tax but they hurt themselves in the long run and now they're paying the price.
@@DonnaAgrinsonis My dad was 89 when he died. His monthly benefit was around $950 a month at the time of his death, so when he retired it probably started around $500 a month. He was always self-employed and was paid cash for as long as I can remember because he was a jerk and couldn't deal with being supervised and told what to do. So yeah, those people who worked as independent contractors and got paid cash screwed themselves.
It took my Almost an hour to get social security to switch me from my survival benefit to my own benefit. Why did it take so long? I could not convince the clerk that me, the female, made a lot more money than my husband.
When I retired at 62 the SS misinformed me. They told me that when I reached my full age of 65 I would get half of my high earning ex husband’s retirement. This was wrong and my discount on my earrings applies 8:54 to my formers husbands benefits. There is no recourse to wrong info SS gives. I’m glad to hear how correct this video is.
Okay, I understand the two rules. My wife is the lower earner, she started taking benefits at her FRA. I am now 70 and getting ready to start my benefits. Therefore I think my wife should qualify for the spousal benefit. How does she apply for them?
I think the main thing confusing people is that the rules changed and I didn't hear anything about it. The OLD rules, and it was from financial planners maybe 10-15 years ago, was spousal benefit amount depended ONLY on the age at which the breadwinner retired. Heard it from more than one qualified source, though not sure directly from SSA. So I am pretty sure it used to be the rule. They can and do change the rules, but unlike the 65 to 67 transition, this one flew under the radar. It was an unpleasant surprise for me when I read the rules recently.
This is what's not explained on this video. A lot of people had been erroneously advicing the old rules but doesn't know about the birth date 1954 and the change.
She can’t get full benefits amount (half of the spouse) just bc you retired…she has to wait until she is at the age she can retire. Always been that way. But, they have raised the retirement age over the decades which escaped many people and they were surprised to learn theyd get reduced bennys if they took it.
My husband was getting 3100.00 month and I was getting 900.00. He passed away and since his was more than mine. I got his 3100.00 and I lost my 900.00if I had kept my 900.00 and half of his 3100.00 that would have been only 2450.00 a month. SSA gives what is more than fair. I have no mortgage a paid for car, and no debt of any kind. 0I am living very well We both did we took SSA at age 62 but husband did not retire until he was 71. I would recommend everyone to start benefits at 62 and keep working. Put your SSA in the bank, you can build a nice nest egg.
Took benefit early at 62 based on ex FRA...it's reduced. Once he retires at any age, I am going to file for DAC-disabled child in care, thus getting 50%. Will also switch son from SSI to SSDI, still with Medicaid and Medicare (after 2 yrs) because half of his father' s benefit is more than SSI
If you read this (2 months ago was your comment) PLEASE review this. I am in the same position and I did NOT have to wait for my ex to retire to get DAC without reductions at age 62. I just had to make sure my ex is age 62. He's not retiring at age 62 and not collecting SS until later. Because I'm an ex and taking care of his disabled child, I qualified for the full 50% at age 62. My child then switched to a combo of SSI/SSDI on MY retirement PIA amt. Once her father DOES start collecting his benefit, the disabled child will also get 50% of his PIA.
PS, child will switch to her Dad's PIA (,50,%) upon his retirement. I did not mean to imply the adult disabled child would collect two SS benefits from both parents. 😊
My higher earning spouse never got to "retire" , they received SSDI for a very short time ( a few months) before retirement age because of a fatal illness. I am now receiving my own retirement benefit, mine isn't topped off with a portion of theirs. Why is this?
WEP (windfall elimination provision) and GPO (govt pension offset) were not mentioned. I know someone who has never been able to get a penny of spousal benefit because they worked a County job, and per the GPO calculation, spousal benefit was always zero. This is a subset of all claimers, but perhaps a future video could discuss WEP & GPO?
The GPO affects the survivor benefit in some cases preventing the living spouse from receiving anything this is robbery 😳😳😳 and many folks wont realize it till too it's late
Something some people may not be aware of is Survivor's Benefits. My wife passed away 20 years ago but had worked enough to collect SS. I was able to collect at age 60. It does not pay as much as mine would if I took it and you can't collect both. My plan is to switch over to mine when I hit 67 or when I feel I want to.
The eye opener for us was thinking in terms of SS as longevity insurance- maximizing lifetime income floor and survivor benefits rather than total lifetime income or break even age.
I was of the understanding that the IRS made a change where a spouse who took early SS benefits was unable to get 1/2 benefits of a higher earner once they start receiving SS benefits. The spouse with the lower benefit must wait until “full retirement age” before they can apply for 1/2 of the higher earner only and not be receiving benefits from their own contributions.
It’s not an IRS thing, but taking SS benefits before full retirement age does result in a lower payment (because you’re getting more payments). The exception is if a spouse or ex-spouse dies. Then it’s possible to take the survivor benefit starting at 60 (a reduced benefit but for a longer period of time), and then switch over to one’s own benefit at 70. That benefit will have grown untouched for 10 years. Of course, the actual dollar amounts of each spouse’s benefits will determine the best course of action.
What if your spouse started SSI at 66 but continued to work until he was 78. I took earlier retirement at. 62. His ss continued to rise in the years he worked after 66. Am I still entitled to half his ss? I am currently 75. Please advise.
You are entitled to half of his full retirement age benefit if it is more than yours. You won't recieve the extra amount he worked over his full retirement years unless he passes away before you, and then you will apply for his survivor benefits which will include the extra years he worked past his full retirement age.
You are capped at 30 percent of what his was at full retirement age. You started early. It is 50 percent at full retirement age. If you later switch to survivors benefits you can reapply.
My Mom didn't get anything from my step dad. He was a ww2 vet, Baptist preacher, 15 yrs older than her. He died when she was 63. No life insurance for her. She worked until 70, got dementia, died 78. Struggled financially in memory care home.
Wasn’t she supposed to get a benefit since she was a vet’s wife? Why didn’t she? They always talk to them about their money, having life insurance and such; don’t they? (Veterans). Why didn’t he prepare things for her? I don’t understand.
Over the past year I've watched many videos regarding the spousal death benefit; no videos, nor the SS website is of any help on this specific question. My wife is 63 and plans to to start collecting soon. Her PIA is basically 1/2 of my PIA (at our FRA's of 67). She is a year older to the month. I plan to wait until age 70 to max out. I do know she can switch to my much higher SS at that point (if I die after 70). What no one cover's, is what happens if I die at say, 66 (she'd be 67); and I have not started my benefit. What is factored into what she collects based upon her age and my age at death? I know, that if she dies, I can start collecting (or continue to collect) hers, and switch over at 70 to collect the max. But I died before 70, is she locked in to collecting no more than my PIA at FRA? Can she wait to switch over to mine at the time I would have turned 70, and collect the PIA and the additional amount from what I would have received at 70 (basically 24% more than PIA)? None of the "experts" cover this routine scenario. We'll be sure to grill the SS office when we make the visit in a few months when she considers starting her own benefit.
Assuming your spouse is at FRA or older when you die, she would get the amount you were eligible for at your age of death. In other words, assume you claimed the day before death, and she can take over that benefit as a survivor benefit. If you die before she reaches FRA, her survivor benefit may be reduced. In your example, she could continue her benefit or switch to your age 66 benefit. I'd assume the survivor benefit is bigger than her age 63 amount.
I thought that Social Security assumed that the deceased person would have claimed at their fra (whether they planned to wait or not). Maybe that is the same as what you said, but I can’t tell (?)
@@coochalena2616 That person at SS gave you the wrong information. That option was eliminated in 2015 by a Congress budget bill. Social security spousal benefits explain by former SS Manager Part 1 ruclips.net/video/fKYQPTraB0A/видео.html
1000.00 is not half of 3000.00 spouseal benifit forced to take it. They took my ssi disabled benifits. Never said I should have been put on disability. Geez
I’m a SS recipient,but my wife somehow is not qualified to receive any benefits.My wife is a retired local government receiving benefits from them.I’am confused as to why.Do you have any idea or explanation?I appreciate your response.
Since the higher earner has to be drawing benefits to unlock the spousal benefit there is a real disincentive to delay draw until age 70 for the higher earner. It significantly changes the breakeven analysis on waiting until age 70 to claim. The breakeven analysis doesn’t build in foregone spousal benefits lost from FRA to age 70.
Is there a worksheet on the sss website thst you can go in and type in the exspouse and your ss numbers so you can see if you can get any exspouse benefit without actually filing??
I am 74, I retired at 62. My wife is 47. She has 10 years of SSA. When I die at, for example, what percent would she get at 62. I now make 2750/ month. Just a rough estimate please.
Without knowing her income, unless she waits until her full retirement age (67) or whatever it will be, she wont get half. If she waits until the retirement age, she gets half of yours or takes her own, which ever is higher. The key to maximizing is not taking it early.
The comment below is not correct. If you die she gets survivor benefits which is more than spousal benefits. At your death and her retirement she could qualify for your full benefit.
I believe she gets 100% of the benefit you were getting, but it will be reduced a little if she collects early (she’d probably get about 82% of your benefit if she collects at 62). Alternatively, if she worked a little, she could collect her SS benefit at age 62 and switch to the survivor benefit at her FRA.
If you have worked prior to marriage, but not much after being married for the past 32 years, my ss is not much. Do I get spousal benefit? Is that what he is saying?
I've been on SS disability since 2011. I worked most of my life, but only get 1300/mo which is not much to live on. My ex's father taught him well. Only claim a small business check every week. So, trying to get his would def be worse.
My spouse is the higher earner but started claiming social security disability at age 58 so since he started earlier with disability pay will it ever be possible foe me to wait to full retirement age to be able to get half of his. No one seems to be able to answer this when disability pay is taken.
My FRA is sept 2025. I am thinking of taking SS in July (only $30 a month difference). Ex’s half is less than mine but if something happens in future will that affect my spousal benefits by a small amount only? Also, I initially inquired in June and SS person said my claim will be back dated from June, is that correct?
I was married 21 years and divorced took s.s. at 62 and x spouse took his at 70 would I be able to go off his record? as an independent entitled divorced spouse?
@@janetmartin9372 Only if you didn’t remarry before the age of 60. However, if your Social Security benefits or the exact same as 50% of his, they will make you take yours first. I just got off the phone with them last night.
Does the lower income spouse need to "re-apply" for getting the higher benefit when the higher income spouse starts taking the benefit or it will be automatically changed? Thank you.
Even if you claimed today, her spousal benefit would be based on your FRA benefit amount. You don’t have to wait until you are 67 unless you just want to.
What PIA do you use for the lower earning spouse to calculate the spousal benefit if they have taken SSA early. In my case the lower earning spouse started SSA at 65 which is 16 months early. Do I calculate an adjusted PIA based on their current SSA payment and a reduction of 5/9 of 1% per month? So for 16 months this would be a 8.9% reduction and I would have to increase the current SSA payment by 8.9% to get what the current PIA would be.
Same situation here. I believe you are correct.That's what I previously calculated a couple of weeks ago too. You would think with only 3 comments you would have gotten your question answered.
If the spouse is getting 600 at 71 husband is still working but at a younger age of 65 est for the husband will 2,200 when he retires. How much will the wife getting 600.00 she was on SS I
When you and your spouse are both on full retirement age. Can you claim spousal benefit now at age 67 then claim your own benefit at age 70? Will you get the step up benefit for waiting to claim your own benefit at age 70?
I also heard that you could claim your ex-husband's social security half or less, and then you can wait to collect yours at a later date and let yours still accumulate. And of course you wouldn't get his anymore, you would just get yours
Well, actually SS is going to require the lower earning spouse to take theirs (if they have any) first. So, yes you will be keeping your own SS & adding any add'tl. spousal benefits that you are elig. for to it.
Does this apply to a higher earning spouse that received Social Security disability? The higher earner is now at full retirement age but has already been collecting at full benefits for a few years.
Want me to look over your numbers? You've got options. Check out the website for more information: www.approachfp.com/
Note: I do not discuss offerings, pricing, etc. in these comments. Please proceed to the website, where you can find a substantial amount of detail.
My friend works at SSA and he tells me that the most common complaint is from people who come in to check on their benefits and find out that after working all their lives that they're not going to receive much from their SSI benefits. The most common reason is that they were self-employed and cheated on their taxes for decades. This is sad because all along they were thinking they were getting away with paying less tax but they hurt themselves in the long run and now they're paying the price.
You mean they were self employed the whole time?
@@DonnaAgrinsonis
I have a friend who worked as a contractor (self employed), now he's paying the price also.
Happens all the time. My dad was a stone mason.
@@DonnaAgrinsonis My dad was 89 when he died. His monthly benefit was around $950 a month at the time of his death, so when he retired it probably started around $500 a month. He was always self-employed and was paid cash for as long as I can remember because he was a jerk and couldn't deal with being supervised and told what to do. So yeah, those people who worked as independent contractors and got paid cash screwed themselves.
Working off the books is not good unless you plan on dying at 62
SSA say if you as married less than 10 years, your EX-Spouse do not get a penny.
It took my Almost an hour to get social security to switch me from my survival benefit to my own benefit. Why did it take so long? I could not convince the clerk that me, the female, made a lot more money than my husband.
When I retired at 62 the SS misinformed me. They told me that when I reached my full age of 65 I would get half of my high earning ex husband’s retirement. This was wrong and my discount on my earrings applies 8:54 to my formers husbands benefits. There is no recourse to wrong info SS gives. I’m glad to hear how correct this video is.
Okay, I understand the two rules. My wife is the lower earner, she started taking benefits at her FRA. I am now 70 and getting ready to start my benefits. Therefore I think my wife should qualify for the spousal benefit. How does she apply for them?
You subtract pia then add it right back. So essentially, the max spousal benefit is 1/2
I worked my whole life and only get 1500 a month and I never have money for anything
Only ? It’s what you earned over 35 years of employment that dictate the numbers.
Social security was never meant to be your sole source of retirement income. Just one leg of a 3 legged stool
I think the main thing confusing people is that the rules changed and I didn't hear anything about it.
The OLD rules, and it was from financial planners maybe 10-15 years ago, was spousal benefit amount depended ONLY on the age at which the breadwinner retired.
Heard it from more than one qualified source, though not sure directly from SSA.
So I am pretty sure it used to be the rule. They can and do change the rules, but unlike the 65 to 67 transition, this one flew under the radar. It was an unpleasant surprise for me when I read the rules recently.
This is what's not explained on this video. A lot of people had been erroneously advicing the old rules but doesn't know about the birth date 1954 and the change.
She can’t get full benefits amount (half of the spouse) just bc you retired…she has to wait until she is at the age she can retire. Always been that way. But, they have raised the retirement age over the decades which escaped many people and they were surprised to learn theyd get reduced bennys if they took it.
My husband was getting 3100.00 month and I was getting 900.00. He passed away and since his was more than mine. I got his 3100.00 and I lost my 900.00if I had kept my 900.00 and half of his 3100.00 that would have been only 2450.00 a month. SSA gives what is more than fair. I have no mortgage a paid for car, and no debt of any kind. 0I am living very well We both did we took SSA at age 62 but husband did not retire until he was 71. I would recommend everyone to start benefits at 62 and keep working. Put your SSA in the bank, you can build a nice nest egg.
While working you should never take SS. You give half back in taxes.
Took benefit early at 62 based on ex FRA...it's reduced. Once he retires at any age, I am going to file for DAC-disabled child in care, thus getting 50%. Will also switch son from SSI to SSDI, still with Medicaid and Medicare (after 2 yrs) because half of his father'
s benefit is more than SSI
If you read this (2 months ago was your comment) PLEASE review this. I am in the same position and I did NOT have to wait for my ex to retire to get DAC without reductions at age 62. I just had to make sure my ex is age 62. He's not retiring at age 62 and not collecting SS until later. Because I'm an ex and taking care of his disabled child, I qualified for the full 50% at age 62. My child then switched to a combo of SSI/SSDI on MY retirement PIA amt. Once her father DOES start collecting his benefit, the disabled child will also get 50% of his PIA.
PS, child will switch to her Dad's PIA (,50,%) upon his retirement. I did not mean to imply the adult disabled child would collect two SS benefits from both parents. 😊
No body knows anything about SSI. Referring to customer Service.
My higher earning spouse never got to "retire" , they received SSDI for a very short time ( a few months) before retirement age because of a fatal illness. I am now receiving my own retirement benefit, mine isn't topped off with a portion of theirs. Why is this?
Thanks for turning me on to open social security web site. Never knew about it.
WEP (windfall elimination provision) and GPO (govt pension offset) were not mentioned. I know someone who has never been able to get a penny of spousal benefit because they worked a County job, and per the GPO calculation, spousal benefit was always zero. This is a subset of all claimers, but perhaps a future video could discuss WEP & GPO?
The GPO affects the survivor benefit in some cases preventing the living spouse from receiving anything this is robbery 😳😳😳 and many folks wont realize it till too it's late
Correct. My wife worked 38 years as a teacher in Massachusetts. Since she gets a state pension she will not get any of my SS benefits if I go first.
12:50 - $16,000 isn't half of $36,000.
I saw that too close to the same
Something some people may not be aware of is Survivor's Benefits. My wife passed away 20 years ago but had worked enough to collect SS. I was able to collect at age 60. It does not pay as much as mine would if I took it and you can't collect both. My plan is to switch over to mine when I hit 67 or when I feel I want to.
The eye opener for us was thinking in terms of SS as longevity insurance- maximizing lifetime income floor and survivor benefits rather than total lifetime income or break even age.
I was of the understanding that the IRS made a change where a spouse who took early SS benefits was unable to get 1/2 benefits of a higher earner once they start receiving SS benefits. The spouse with the lower benefit must wait until “full retirement age” before they can apply for 1/2 of the higher earner only and not be receiving benefits from their own contributions.
It’s not an IRS thing, but taking SS benefits before full retirement age does result in a lower payment (because you’re getting more payments).
The exception is if a spouse or ex-spouse dies. Then it’s possible to take the survivor benefit starting at 60 (a reduced benefit but for a longer period of time), and then switch over to one’s own benefit at 70. That benefit will have grown untouched for 10 years.
Of course, the actual dollar amounts of each spouse’s benefits will determine the best course of action.
What if your spouse started SSI at 66 but continued to work until he was 78. I took earlier retirement at. 62. His ss continued to rise in the years he worked after 66. Am I still entitled to half his ss? I am currently 75. Please advise.
You are entitled to half of his full retirement age benefit if it is more than yours. You won't recieve the extra amount he worked over his full retirement years unless he passes away before you, and then you will apply for his survivor benefits which will include the extra years he worked past his full retirement age.
You are capped at 30 percent of what his was at full retirement age. You started early. It is 50 percent at full retirement age. If you later switch to survivors benefits you can reapply.
As his widow You will get his full benefit and lose your own.
YOU'RE BACK!!! Make more videos!
My Mom didn't get anything from my step dad. He was a ww2 vet, Baptist preacher, 15 yrs older than her. He died when she was 63. No life insurance for her. She worked until 70, got dementia, died 78. Struggled financially in memory care home.
I’m so sorry. That’s terrible.
Wasn’t she supposed to get a benefit since she was a vet’s wife? Why didn’t she? They always talk to them about their money, having life insurance and such; don’t they? (Veterans). Why didn’t he prepare things for her? I don’t understand.
And what about the Baptist church? Same thing: why wasn’t he insured with them? Sounds very irresponsible, to leave a widow to struggle.
Over the past year I've watched many videos regarding the spousal death benefit; no videos, nor the SS website is of any help on this specific question. My wife is 63 and plans to to start collecting soon. Her PIA is basically 1/2 of my PIA (at our FRA's of 67). She is a year older to the month. I plan to wait until age 70 to max out. I do know she can switch to my much higher SS at that point (if I die after 70). What no one cover's, is what happens if I die at say, 66 (she'd be 67); and I have not started my benefit. What is factored into what she collects based upon her age and my age at death? I know, that if she dies, I can start collecting (or continue to collect) hers, and switch over at 70 to collect the max. But I died before 70, is she locked in to collecting no more than my PIA at FRA? Can she wait to switch over to mine at the time I would have turned 70, and collect the PIA and the additional amount from what I would have received at 70 (basically 24% more than PIA)? None of the "experts" cover this routine scenario. We'll be sure to grill the SS office when we make the visit in a few months when she considers starting her own benefit.
Assuming your spouse is at FRA or older when you die, she would get the amount you were eligible for at your age of death. In other words, assume you claimed the day before death, and she can take over that benefit as a survivor benefit.
If you die before she reaches FRA, her survivor benefit may be reduced.
In your example, she could continue her benefit or switch to your age 66 benefit. I'd assume the survivor benefit is bigger than her age 63 amount.
I thought that Social Security assumed that the deceased person would have claimed at their fra (whether they planned to wait or not). Maybe that is the same as what you said, but I can’t tell (?)
I took my spousal amount while waiting until 70 to just directly collect my own. I’ve been told this strategy no longer is available.
Soc security told me it is still available. That was 3 months ago?
That is correct. As part of the 2015 budget bill. Congress eliminated the loophole that made file and suspend possible..
@@coochalena2616
That person at SS gave you the wrong information. That option was eliminated in 2015 by a Congress budget bill.
Social security spousal benefits explain by former SS
Manager Part 1
ruclips.net/video/fKYQPTraB0A/видео.html
@coochalena2616 for survivors yes for spousal only if you were born before 1954.
Really good video.
1000.00 is not half of 3000.00 spouseal benifit forced to take it. They took my ssi disabled benifits. Never said I should have been put on disability. Geez
I’m a SS recipient,but my wife somehow is not qualified to receive any benefits.My wife is a retired local government receiving benefits from them.I’am confused as to why.Do you have any idea or explanation?I appreciate your response.
Since the higher earner has to be drawing benefits to unlock the spousal benefit there is a real disincentive to delay draw until age 70 for the higher earner. It significantly changes the breakeven analysis on waiting until age 70 to claim. The breakeven analysis doesn’t build in foregone spousal benefits lost from FRA to age 70.
They don't have to wait until 70, just their own FRA (full retirement age) - often 65 for most people.
@@NYCisland Born in 1959, FRA is 66 and 10 months. Born in 1960 or later FRA is age 67
Is there a worksheet on the sss website thst you can go in and type in the exspouse and your ss numbers so you can see if you can get any exspouse benefit without actually filing??
www.ssa.gov/OACT/quickcalc/spouse.html
No, you have to go in to social security to get this information.
I am 74, I retired at 62. My wife is 47. She has 10 years of SSA. When I die at, for example, what percent would she get at 62. I now make 2750/ month. Just a rough estimate please.
If I die at 80
Without knowing her income, unless she waits until her full retirement age (67) or whatever it will be, she wont get half. If she waits until the retirement age, she gets half of yours or takes her own, which ever is higher. The key to maximizing is not taking it early.
The comment below is not correct. If you die she gets survivor benefits which is more than spousal benefits. At your death and her retirement she could qualify for your full benefit.
I believe she gets 100% of the benefit you were getting, but it will be reduced a little if she collects early (she’d probably get about 82% of your benefit if she collects at 62). Alternatively, if she worked a little, she could collect her SS benefit at age 62 and switch to the survivor benefit at her FRA.
My wife is 62, can she take her benefit first, than switch to my spouse benefit when she reach 67?
I’m 63 and I’m getting SSDI can I get spousal benefit? We’ve been married for 43 years
If you have worked prior to marriage, but not much after being married for the past 32 years, my ss is not much. Do I get spousal benefit? Is that what he is saying?
What if the higher earner retires before FRA? Will the lower earner get half of that amount when they retire early also?
Or how does that work if you're ex? Dies, can you collect his full retirement? Benefits, I heard you could in place of yours if his is higher
If you were married 10 years or more and did not remarry yes
Or remarried after age 60.
I've been on SS disability since 2011. I worked most of my life, but only get 1300/mo which is not much to live on. My ex's father taught him well. Only claim a small business check every week. So, trying to get his would def be worse.
My spouse is the higher earner but started claiming social security disability at age 58 so since he started earlier with disability pay will it ever be possible foe me to wait to full retirement age to be able to get half of his. No one seems to be able to answer this when disability pay is taken.
My FRA is sept 2025. I am thinking of taking SS in July (only $30 a month difference). Ex’s half is less than mine but if something happens in future will that affect my spousal benefits by a small amount only? Also, I initially inquired in June and SS person said my claim will be back dated from June, is that correct?
Do I use my age or his retirement age to determine when to get spousal benefits.
I was married 21 years and divorced took s.s. at 62 and x spouse took his at 70 would I be able to go off his record? as an independent entitled divorced spouse?
You would still be reduced for taking early. You get the higher of your own record or his. Both reduced for taking early.
@@janetmartin9372 Only if you didn’t remarry before the age of 60. However, if your Social Security benefits or the exact same as 50% of his, they will make you take yours first. I just got off the phone with them last night.
Does the lower income spouse need to "re-apply" for getting the higher benefit when the higher income spouse starts taking the benefit or it will be automatically changed? Thank you.
My wife was ssdi at 60 and is 65. I'm the breadwinner at 63. If I wait until 67 FRA,will she still get 50% spousal?
It depends on the difference. If your SS is larger divide by two. & greater than your wife she would get the higher highest rate.
Even if you claimed today, her spousal benefit would be based on your FRA benefit amount. You don’t have to wait until you are 67 unless you just want to.
Also, since she is 65, her spousal amount would be discounted for drawing earlier than her FRA.
Can the Spouse can take her benefit early and then switch to spousal benefit later?
So with my wife being on SSDI at 60 she would be penalized on her spousal benefit when I reach fra and she would be 69
I'm interested in the case of a divorce - 15 yr marriage.
Same rules for spousal. Tops out at 50 percent at your full retirement age.
@@janetmartin9372as long as you did remarry before age 60.
What PIA do you use for the lower earning spouse to calculate the spousal benefit if they have taken SSA early.
In my case the lower earning spouse started SSA at 65 which is 16 months early. Do I calculate an adjusted PIA based on their current SSA payment and a reduction of 5/9 of 1% per month? So for 16 months this would be a 8.9% reduction and I would have to increase the current SSA payment by 8.9% to get what the current PIA would be.
Same situation here. I believe you are correct.That's what I previously calculated a couple of weeks ago too.
You would think with only 3 comments you would have gotten your question answered.
If the spouse is getting 600 at 71 husband is still working but at a younger age of 65 est for the husband will 2,200 when he retires. How much will the wife getting 600.00 she was on SS I
6 month back money as well
Missed by 7 days of ten years with x. Ss wont even talk to me. Not fair.
Is it possible to claim spousal retirement benefits from divorced ex and at the same time collecting survivor's benefit from second marriage?
No. You only get 1...whichever is higher
NO, You get the higher of the 2 amounts.
No. Once you remarried you are not entitled to ex-spousal benefits anymore.
But your ex would still be entitled as long as s/he remains single.
You can get a divorce and get back on1st ex's claim.You can't get the higher amount if you are married to someone else with low SSI
No.
When you and your spouse are both on full retirement age. Can you claim spousal benefit now at age 67 then claim your own benefit at age 70? Will you get the step up benefit for waiting to claim your own benefit at age 70?
No. You would be required to take your own benefit first.
Only for those born before 1954.
Did you say the lower earner who files at earlier age can still get the full spousal top-off when the higher earner files at FRA ?
No you are permanently reduced when you take it early. You may get a bit of a bump when they retire but you will never get the full 50 percent.
What about disability payments through ss?
I also heard that you could claim your ex-husband's social security half or less, and then you can wait to collect yours at a later date and let yours still accumulate. And of course you wouldn't get his anymore, you would just get yours
Only if you were born before 1954.
That WAS the case - it was called “file and suspend” but it was eliminated a few years ago.
What about if spouse 5 yrs difference can the one is ready to claim at age 67 still get half of his income?
Spouse has to start drawing to open account for other spouse to draw off of it.
If you collect your husband's SS, do you also get to keep your SS check or is it one or another but not both?
Well, actually SS is going to require the lower earning spouse to take theirs (if they have any) first. So, yes you will be keeping your own SS & adding any add'tl. spousal benefits that you are elig. for to it.
In your question - is your husband dead or alive? You can’t collect survivor benefits and your own benefit simultaneously.
Spousal benefit is a combination of your benefit and the spousal top-off.
Does this apply to a higher earning spouse that received Social Security disability? The higher earner is now at full retirement age but has already been collecting at full benefits for a few years.
Somebody really needs to sit down and work on social security from all angles.
🤪what???