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Old 05-10-2014, 01:54 PM
 
71,634 posts, read 71,777,271 times
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Well i had it all figured out until i just started to 2nd guess myself but it still looks to be fine.
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Old 05-10-2014, 02:07 PM
 
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Second guessing is normal til you reach the promised land. At that point you begin to forget and just become chilled. That's why I PM'd you what I did.
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Old 05-11-2014, 06:28 AM
 
Location: in the miseries
3,302 posts, read 3,581,162 times
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Quote:
Originally Posted by TuborgP View Post
Second guessing is normal til you reach the promised land. At that point you begin to forget and just become chilled. That's why I PM'd you what I did.
Better than roasting.
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Old 05-11-2014, 02:32 PM
 
Location: Las Vegas
13,890 posts, read 25,331,777 times
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Thought I had this all figured out. Please let me know if I am still in the right ballpark. I think I am confusing myself...

H died at 61. We had been married for 38 years. We were married when he died. He never received any SS benefits or applied for them.

My plan was to apply for widows benefits when I am 60. I THINK there is no advantage in waiting. Also I can still work and it doesn't matter how much money I make. I will get about half of what he would have received.

Hopefully the idea is to be able to wait longer to collect my own benefits and therefore get a higher monthly payment. Then I lose my widow's benefits when I apply for my own SS. Right?

Am I close to correct? Thanks!
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Old 05-11-2014, 02:46 PM
 
71,634 posts, read 71,777,271 times
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You are penalized the same as anyone else if you file before fra. Had he filed early at 62 you would have gotten 2 haircuts. One from what his fra would have been and two because you filed before your fra.

In your case your survivor benefits will only be reduced one time at 60.

For no reduction from his full benefit you have to wait until fra
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Old 05-11-2014, 02:51 PM
 
Location: Las Vegas
13,890 posts, read 25,331,777 times
Reputation: 26385
Quote:
Originally Posted by mathjak107 View Post
You are penalized the same as anyone else if you file before fra. Had he filed early at 62 you would have gotten 2 haircuts. One from what his fra would have been and two because you filed before your fra.

In your case your survivor benefits will only be reduced one time at 60.

For no reduction from his full benefit you have to wait until fra
Thank you so much! I am still on the right track!
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Old 05-11-2014, 05:29 PM
 
Location: OH>IL>CO>CT
5,237 posts, read 8,409,707 times
Reputation: 7191
Quote:
Originally Posted by yellowsnow View Post
Thought I had this all figured out. Please let me know if I am still in the right ballpark. I think I am confusing myself...

H died at 61. We had been married for 38 years. We were married when he died. He never received any SS benefits or applied for them.

My plan was to apply for widows benefits when I am 60. I THINK there is no advantage in waiting. Also I can still work and it doesn't matter how much money I make. I will get about half of what he would have received.

Hopefully the idea is to be able to wait longer to collect my own benefits and therefore get a higher monthly payment. Then I lose my widow's benefits when I apply for my own SS. Right?

Am I close to correct? Thanks!
Sorry, but yes it does, depending if you earn more than $15,480 a year (currently) If more, then SS deducts $1 for every $2 over that. You need to read 2 SS booklets located at
http://www.ssa.gov/pubs/EN-05-10084.pdf where page 9 says "If you work while getting Social Security survivors
benefits and are younger than full retirement age, your
benefits may be reduced if your earnings exceed certain
limits. "

and
http://www.ssa.gov/pubs/EN-05-10069.pdf where it says
"If you are younger than full retirement age during all of 2014, we must deduct $1 from your benefits for each $2 you earn above $15,480.

I went thru this very process when my wife died when we were both age 60, and I continued to work until FRA, at which time I started to receive 100% of her benefit amount. ( I am waiting to age 70 to start on my own record.)

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Old 05-11-2014, 11:19 PM
 
Location: Las Vegas
13,890 posts, read 25,331,777 times
Reputation: 26385
Quote:
Originally Posted by reed303 View Post
Sorry, but yes it does, depending if you earn more than $15,480 a year (currently) If more, then SS deducts $1 for every $2 over that. You need to read 2 SS booklets located at
http://www.ssa.gov/pubs/EN-05-10084.pdf where page 9 says "If you work while getting Social Security survivors
benefits and are younger than full retirement age, your
benefits may be reduced if your earnings exceed certain
limits. "

and
http://www.ssa.gov/pubs/EN-05-10069.pdf where it says
"If you are younger than full retirement age during all of 2014, we must deduct $1 from your benefits for each $2 you earn above $15,480.

I went thru this very process when my wife died when we were both age 60, and I continued to work until FRA, at which time I started to receive 100% of her benefit amount. ( I am waiting to age 70 to start on my own record.)

Thanks! I will read the booklets!
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Old 05-12-2014, 05:06 AM
 
Location: in the miseries
3,302 posts, read 3,581,162 times
Reputation: 3810
I thought if yellow snow took benefits on his record at 60, she could get her maximum benefits at age 70 on her own record with no reduction.
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Old 05-12-2014, 05:40 AM
 
71,634 posts, read 71,777,271 times
Reputation: 49230
I am not 100% sure but I believe she has no choice if she is filing for survivor benefits early , they are not the same as filing for spousal benefits early on and switching to your own later..

NOT REALLY SURE ON THIS.

Last edited by mathjak107; 05-12-2014 at 06:32 AM..
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