Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Caution: The information below should only be read by those readers whose heads will not explode upon reading additional SSA stuff
While reading the Simpson Bowles proposal, I saw a suggestion to eliminate the "obscure Retirement Insurance Benefit limitation (RIB-LIM) for widow(er)s benefit." Hmm, obscure? RIB-LIM ? So, I looked it up and found that some widows should NOT wait until FRA to draw survivor's benefits. Those widows, unsurprisingly, are the ones whose spouses drew reduced benefits prior to reaching FRA. Some survivors will reach that limited amount/maximum before reaching FRA and waiting until FRA to collect is simply leaving money on the table. Really.
too late couldn't make a bigger text.. tried copying and pasting for effect, but sadly, my head exploded alone. Kapow!
Filed late December for spousal and got benefit approval letter today. Did it online and didn't need to provide any documentation. Got a phone call the day after filing and wife and I had to answer and verify on the phone. Interesting thing was the letter saying I got approved for husband benefits. The other thing of note is the payment date is based on my wifes birthday and not mine since it is on her benefit.
•the benefit on his or her record is a higher amount, you will get a combination of benefits that equals that higher amount (reduced for age). To me this means I will claim my benefits first, and then will get an amount from my x-husband's ss to equal his because his is higher?
•the benefit on his or her record is a higher amount, you will get a combination of benefits that equals that higher amount (reduced for age). To me this means I will claim my benefits first, and then will get an amount from my x-husband's ss to equal his because his is higher?
The answer will depend on your age currently, or when you plan to file, your Full retirement age, your spouses age, and FRA, when your spouse filed or plans to file etc.
If you filed for spousal retirement benefit and both you and your husband were FRA then you would recieve 50% of his benefit it it were more than your or if you wanted to let yours grow and take the spousal now and change to yours later with extra credits.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
couldn't make a bigger text.. tried copying and pasting for effect, but sadly, my head exploded alone.
