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Old 01-28-2013, 09:17 AM
1 posts, read 1,600 times
Reputation: 10


I have two children below the age of 16 and I am working.
I know they can claim my social security benefits as long as I begin claiming, hence I am thinking to claim at the age of 62, but I do plan to continue to work and given my earned income, I suspect I won't be receiving any benefits.

1. will I be able to apply and suspend so as to keep the full benefit at age 66?

b. If not, I assume my portion of the benefits will be withheld and be distributed back to me, right? Say assuming I should have received $20,000 annually and if I do not have earned income beginning at age 64, the 2 *$20,000 will be distributed back to me right?

c. Given 2 of my children will be able to receive benefits until I reach 66, I assume my break even point will be above age 80, true?

d. I have read from the ssa.gov site that the total benefits for the family can be from 150 to 180 percent of the parent's full benefit amount. As I am assuming I will be getting 100% of the reduced benefits, therefore, does it mean that my children can only receive a maximum of 80% (or plus a bit more as I am not getting 100% of the full benefits) of the full benefits? or that their benefits added together should not be over 100%

thank you.
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Old 01-28-2013, 10:22 PM
11,137 posts, read 8,967,358 times
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1. No, you can't file/claim at 62 and then suspend. You can't use file/suspend until you reach 66.

b. No. Your benefits begin when you apply. There's no retroactive distribution. edit: if you file and do later have too-high earnings, they will recompute your benefit to adjust for months withheld. See http://www.socialsecurity.gov/retire2/whileworking3.htm

c. ?? Not sure what you're asking. Are you trying to include your children's potential benefits when calculating your break-even? Regardless, your break-even point depends upon many variables.

d. True, there's a maximum family benefit in the range of 150-180% of the worker/parent's full benefit amount. However the formula is somewhat complex and doesn't work like you show, i.e., there's not a % breakdown between the parent's and the children's benefits. See Formula for Family Maximum Benefit.

Last edited by biscuitmom; 01-28-2013 at 10:38 PM..
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Old 01-30-2013, 06:35 PM
Location: Prescott AZ
6,618 posts, read 10,144,093 times
Reputation: 13051
Why do you want your children to begin receiving benefits from your claim? I don't understand. Are they disabled?
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