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Old 01-21-2012, 12:13 PM   #41
Recycles dryer sheets
Join Date: Dec 2006
Posts: 452
Originally Posted by tired View Post
I know that my husband retired at 62 and we had two children under 18. They each received 55% of his benefit. Then I'm not sure why but when the oldest graduated from high school the younger ones payment went up to over 60% of his benefit.
Yes, other poster is correct. Is because of "family maximum". Interesting, It's been about 3 years, since I started collecting at 62. ( 2 young children). Oldest child turned 18, so her benefits stopped.

Then we had a choice, younger daughter's benefit could increase, (family maximum) or, and this is a crazy rule, if my wife is over 60 (forget the exact SS rule age), and younger daughter is under 16, wife could collect benefits until younger daughter turns 16. Then, wife's benefit stops, and younger daughter's benefit increases. (like your example, family maximum).

It our case, we collected a larger benefit, if wife collected, and we waited until daughter turned 16.

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