calico1597
Recycles dryer sheets
DH and I are both retired. I am a couple years older and started taking my SS benefits at age 62. I have 10% tax and Medicare premiums withheld and collect around $800/month from SS. I didn't have a lot of years in the work force, was a stay at home mom. I also draw a pension.
DH retired with a state pension that did not pay into SS. He did work side jobs that paid into SS, but his SS benefits will be low $$. He has not started SS yet but is eligible for $642/month now or $881 at full retirement age. He'll be 63 in a few months. These amounts are before the WEP reductions.
How much will his SS $$ be reduced by WEP? If he dies first, I will get half of his state pension. Will that affect my SS under the WEP or GPO rules?
We are living good on the two pensions and haven't needed to touch any retirement savings in the eight years of retirement.
DH retired with a state pension that did not pay into SS. He did work side jobs that paid into SS, but his SS benefits will be low $$. He has not started SS yet but is eligible for $642/month now or $881 at full retirement age. He'll be 63 in a few months. These amounts are before the WEP reductions.
How much will his SS $$ be reduced by WEP? If he dies first, I will get half of his state pension. Will that affect my SS under the WEP or GPO rules?
We are living good on the two pensions and haven't needed to touch any retirement savings in the eight years of retirement.