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Old 02-08-2019, 03:00 PM   #21
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Yes.

But for an 83 year old program that almost everyone gets to eventually use, it surprises me how confusing it can be, as evidenced by the follow-on questions here and the weekly new questions here on this forum.

Then again, maybe I shouldn't be surprised. Gov't programs tend to have automatic, needless and built-in complexity by definition.


Iíve been pretty impressed by both SS and Medicare as far as clarity and effort to make it understandable to fuzzy headed old people. It seems like they bend over backward to make it fair and give people the benefit of the doubt. Some of the rules are ridiculously generous, the whole spousal benefit being one.
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Spousal SS (an easy question)
Old 02-08-2019, 03:10 PM   #22
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Spousal SS (an easy question)

My situation is somewhat similar except the roles are reversed. I retired and collected SS at 62. My wife is 5 years older and retired at the same time. For simplicity my PIA is $2000. Since I filed early my benefit is reduced to $1500. My wife is collecting spousal benefits because she was grandfathered under the old rules and can collect on my PIA 50% of my full retirement benefit or $1000. She will collect this amount until she reaches age 70. Then she will collect her PIA plus the increased benefit of waiting until 70 to collect which is approximately 30 greater than she would of collected at age 66 (FRA). Her benefit will be about $2000 at that time even though her income was about 60% of mine during our careers. We were able to retire earlier and have greater income during our early years of retirement. The biggest advantage to us was lower income for my ACA subsidies and not having to tap our nest egg earlier.
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Old 02-08-2019, 04:00 PM   #23
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We are traveling with our rv so I donít have the social security paperwork with me to explain what the calculations were for my monthly amount. I know there were reductions based upon us taking social security benefits early.
I didnít mean to cause confusion, I just wanted Marko to know that I got more than I expected due to the adjustment that was made because of my marriage.
I hope this explanation helps others.
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Old 02-08-2019, 05:17 PM   #24
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So for those of us born after 1953, there is an incentive to wait until FRA to claim SS whether DH or I are the higher earner. Our incomes are similar. We have not claimed SS yet.

Is this correct ?
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Old 02-08-2019, 05:47 PM   #25
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So I read that to mean that if the spouse waits until FRA, but the worker retires at 62, the spouse benefit is not reduced. It is still 50% of what the worker would have received at FRA.
That is my understanding.
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Old 02-08-2019, 05:48 PM   #26
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So for those of us born after 1953, there is an incentive to wait until FRA to claim SS whether DH or I are the higher earner. Our incomes are similar. We have not claimed SS yet.

Is this correct ?
I'v never heard anything like that and I'm born after 1953.
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Old 02-08-2019, 06:18 PM   #27
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I can start a new thread if need be. I have a possibly not easy question.

Couple is married 10+ years and then divorces. Husband is 15 years younger then wife.
IRS rules say:
  • (ex)wife is still eligible for (1/2 of) (ex)husbands spousal benefits
  • she cannot get those spousal benefits until the younger husband is retirement age (62?).

Question:
If 1/2 husband's benefits are greater than her full benefits, will her SS payments go up when she's 77? Or is she 'locked in' to her own benefit once she begins getting SS?
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Old 02-08-2019, 06:26 PM   #28
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If her own benefits are greater when she is age 70 (not 77) AND if she waits until she is full retirement age to claim spousal, AND if she was born on or before 01/01/1954 AND if she did not remarry before age 60 then yes, her benefits will increase at age 70. Otherwise, if she does not meet all 4 of those conditions, then no. This is only in regard to spousal benefits, not survivor.
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Old 02-08-2019, 06:27 PM   #29
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Iíve been pretty impressed by both SS and Medicare as far as clarity and effort to make it understandable to fuzzy headed old people.
The additional questions here and those that appear here every few weeks about SS don't seem to confirm that view.
Not trying to be contentious, but there seems to be a lot of confusion from those fuzzy headed and otherwise.
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Old 02-08-2019, 06:46 PM   #30
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If her own benefits are greater when she is age 70 (not 77) AND if she waits until she is full retirement age to claim spousal, AND if she was born on or before 01/01/1954 AND if she did not remarry before age 60 then yes, her benefits will increase at age 70. Otherwise, if she does not meet all 4 of those conditions, then no. This is only in regard to spousal benefits, not survivor.
Born after 1954, so no Deemed Filing. Assuming no remarrying.

So to be clear; She takes SS at her FRA. When she's 77, ex-husband becomes eligible for SS and 1/2 his full retirement amount is more then hers, she is stuck with the lesser amount she is already receiving.
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Old 02-08-2019, 08:22 PM   #31
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Oh. OK. Actually, she if she is born after 1954 it is deemed filing. BUT, if she will be entitled to more once her ex is of age then yes, she should be able to receive a bump up since she would not be eligible to receive it until then. It won't be automatic. She should contact SS at that time.
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Old 02-09-2019, 11:03 AM   #32
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Oh. OK. Actually, she if she is born after 1954 it is deemed filing. BUT, if she will be entitled to more once her ex is of age then yes, she should be able to receive a bump up since she would not be eligible to receive it until then. It won't be automatic. She should contact SS at that time.
Ah, so I got deemed filing backwards. Deemed happens if your are post 1954 and pre-1954 is the 'file and suspend' stuff.

Thanks for the info MissMolly!
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Old 02-09-2019, 12:07 PM   #33
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So for those of us born after 1953, there is an incentive to wait until FRA to claim SS whether DH or I are the higher earner. Our incomes are similar. We have not claimed SS yet.

Is this correct ?
Not sure what you mean by incentive.

At FRA, you will get 100% of your benefit, if you claim earlier you get less for every month earlier, if you wait longer up to age 70 you get more for every month past FRA.

Honestly, it's best to check out website http://opensocialsecurity.com/ You only need the FRA number from your SS annual statement, it's very easy to use.
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Old 02-09-2019, 12:15 PM   #34
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The additional questions here and those that appear here every few weeks about SS don't seem to confirm that view.
Not trying to be contentious, but there seems to be a lot of confusion from those fuzzy headed and otherwise.

Compared to what? I never said it was simple, but have you ever read any modern contract, even to access a website, let alone rent a car? Most of the reason SS is complicated is because they are so generous giving second chances to pay back, to start collecting early or late, survivor benefits, spousal benefits for people that never worked a day in their lives.....

They could make it much simpler by saying that you collect at 67. No restarts, no spousal, no disability coverage, no survivor benefit. Payout is based on a multiplier of what you paid in, period.
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