Thanks for watching!! Please comment and let us know what you think. Also try this video, " Maximizing Tax Deductions " - th-cam.com/video/DvjgoQJkvJ8/w-d-xo.html
Thank you! This is the most understandable video I've found thus far on spousal benefits. I do, however, still have some questions that are critical to me making the correct decision. Seems like I find my answer and then research more and get conflicting answers. My scenario: I am 64, my husband is 66, and not collecting yet. I qualify for SS but at a much lower amount than my husband (small jobs while raising kids). I understand that I will take a reduced amount if I start collecting today. My question is, will my collecting early affect my spousal support when my husband starts collecting, let’s say he’s 69 and I’m now FRA? I understand spousal support tops out at 50% of my husband’s FRA. Again, because I accepted a reduction of my SS at age 64, does that decrease my spousal support as well? I hope this makes sense. I did call SS and they said no, but I am not confident in the answer as it’s not clear on their website. The person at SS might not even know. Thanks in advance for any help you can give.
My husband was born in year 1942, his full retirement age was 65 yrs and 10 months but he did wait for few years after that to start receiving social security. I was born in 1957 and my full retirement age is 66 yrs and 6 months. I am applying for spouse benefit now. Will I receive 50% of his full retirement age when he was just 65 yrs and 10 months or will I get 50% from what he is receiving right now ?.
What happens 3 years later, the $2000 per month of SS benefit (full PIA at age 67) has started claiming and becomes $2,300 per month due to the cost of living adjustment, for example, and the husband/primary SS earner die? Will the surviving spouse, which was previously getting $700 due to early claiming at age 62 say, steps up to $2,300 in Social Security benefits or step up to $2,000 (the primary SS earner's PIA) and there is no cost of living adjustment in the first year of benefit to the surviving spouse?
Thanks for watching!! Please comment and let us know what you think. Also try this video, " Maximizing Tax Deductions " - th-cam.com/video/DvjgoQJkvJ8/w-d-xo.html
Thank you! This is the most understandable video I've found thus far on spousal benefits. I do, however, still have some questions that are critical to me making the correct decision. Seems like I find my answer and then research more and get conflicting answers.
My scenario: I am 64, my husband is 66, and not collecting yet. I qualify for SS but at a much lower amount than my husband (small jobs while raising kids). I understand that I will take a reduced amount if I start collecting today. My question is, will my collecting early affect my spousal support when my husband starts collecting, let’s say he’s 69 and I’m now FRA? I understand spousal support tops out at 50% of my husband’s FRA.
Again, because I accepted a reduction of my SS at age 64, does that decrease my spousal support as well? I hope this makes sense. I did call SS and they said no, but I am not confident in the answer as it’s not clear on their website. The person at SS might not even know. Thanks in advance for any help you can give.
My husband was born in year 1942, his full retirement age was 65 yrs and 10 months but he did wait for few years after that to start receiving social security. I was born in 1957 and my full retirement age is 66 yrs and 6 months. I am applying for spouse benefit now. Will I receive 50% of his full retirement age when he was just 65 yrs and 10 months or will I get 50% from what he is receiving right now ?.
What happens 3 years later, the $2000 per month of SS benefit (full PIA at age 67) has started claiming and becomes $2,300 per month due to the cost of living adjustment, for example, and the husband/primary SS earner die? Will the surviving spouse, which was previously getting $700 due to early claiming at age 62 say, steps up to $2,300 in Social Security benefits or step up to $2,000 (the primary SS earner's PIA) and there is no cost of living adjustment in the first year of benefit to the surviving spouse?
What type of professional can I speak with about taking SS?
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