ImaCheesehead
Recycles dryer sheets
- Joined
- Mar 6, 2013
- Messages
- 115
My 66 year old husband was diagnosed with Glioblastoma a few weeks ago after suffering stroke like symptoms. He is in a rehab hospital at the moment after brain surgery last week to remove the two tumors. He expects to have radiation and chemotherapy but the median survival rate, even with surgery, radiation and chemo, is 14-16 months. As would be expected, we are devastated and reeling with shock with this diagnosis. We have been married 40 years.
We had planned on him taking Social Security at 70 as he was the older, more highly paid worker. I am 61, turning 62 in November and was planning on applying right at 62. My first check would be in January 2024.
It seems as though the right move for his SS would be to apply for it now? I tried plugging our info into Open Social Security and it seemed to indicate that was the best course of action. Is there any reason not to? Should we request the 6 month backdate? He turned 66 in April and is 66 and 5 months at the moment and has been retired 2 years.
I am on an ACA plan for my health insurance and we are living on savings to keep my premiums low. Applying for SS, especially backdated SS will increase my premiums from $60 per month to $600ish I think. His benefit would be in the $3100-$3250 range depending on month started and backdating application so I guess it would still be the right financial move? We are domiciled in FL so no state taxes and I don’t think we will pay too much federal by applying now.
We don’t particularly need SS to live on, our invested assets are over 3.3 million but we didn’t get there by throwing money away so I want to continue to try to make the right financial decisions even though our entire life and financial plan for the future has been upended.
Your thoughts on our situation are appreciated, and, since I know this is a kind and empathetic group, I am thanking you in advance for your best wishes to us.
We had planned on him taking Social Security at 70 as he was the older, more highly paid worker. I am 61, turning 62 in November and was planning on applying right at 62. My first check would be in January 2024.
It seems as though the right move for his SS would be to apply for it now? I tried plugging our info into Open Social Security and it seemed to indicate that was the best course of action. Is there any reason not to? Should we request the 6 month backdate? He turned 66 in April and is 66 and 5 months at the moment and has been retired 2 years.
I am on an ACA plan for my health insurance and we are living on savings to keep my premiums low. Applying for SS, especially backdated SS will increase my premiums from $60 per month to $600ish I think. His benefit would be in the $3100-$3250 range depending on month started and backdating application so I guess it would still be the right financial move? We are domiciled in FL so no state taxes and I don’t think we will pay too much federal by applying now.
We don’t particularly need SS to live on, our invested assets are over 3.3 million but we didn’t get there by throwing money away so I want to continue to try to make the right financial decisions even though our entire life and financial plan for the future has been upended.
Your thoughts on our situation are appreciated, and, since I know this is a kind and empathetic group, I am thanking you in advance for your best wishes to us.