- Books by Patrick Kelly
- It's the income, stupid : the 7 secrets of a stress-free retirement
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- Stress-Free Retirement
- Secrets of a stress free retirement book review
- It's the Income, Stupid : The 7 Secrets of a Stress-Free Retirement
- Tax Free Retirement Revealed (Book Review Pt. 3) - EP52
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New expert here. This is for informational purposes only and does not establish an attorney client relationship. I think you might be talking about the new changes put in place by HR or the bipartisan act. The changes made in the bipartisan act are being hyped in the media but it is only a small loophole that is being closed.
It is not a magical lump sum that has to be elected or banned benefits that you will lose. It deals with "file and suspend" spousal benefits and the "restricted benefit". Let me explain, a spouse can only take the spousal benefit if the other spouse has elected to take their benefit.
Books by Patrick Kelly
By a qualifying child, social security means a child who is under age 16 or who receives Social Security disability benefits. Currently the law is changing and a "suspend and file" cannot be elected starting on may 1, In this circumstance at full retirement age 66 one could file and suspend their benefits and continue earning credits until age 70 and their spouse could elect to take the spousal benefit.
The spousal benefit can be as much as half of the worker's "primary insurance amount," depending on the spouse's age at retirement. If the spouse begins receiving benefits before "normal or full retirement age," the spouse will receive a reduced benefit. However, if a spouse is caring for a qualifying child, the spousal benefit is not reduced.
It's the income, stupid : the 7 secrets of a stress-free retirement
Also the "restricted benefit" is being eliminated. If you turned age 62 be the end of December 31, , you would be grandfathered in and at full retirement age you will still be able to restrict your benefit. This means that if you or your spouse would like to elect to take only the spousal benefit as opposed to your normal retirement benefit, you can restrict your election to ONLY the spousal benefit. After the law changes, at full retirement age, you would have to take the higher of the spousal benefit and your retirement benefit.
You can no longer choose just the spousal and let your normal retirement benefit grow while still take the spousal benefit. Please let me know if you have any further questions and please positively rate my answer if satisfied. There should be smiley faces or numbers from to choose from.
Find a copy in the library
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Answered in 5 minutes by:. Stephanie O Joy, Esq , Soc. Satisfied Customers: 13, Please just refund my money. Christopher B, Esq. Experience: Attorney licensed for 17 years specializing in various fields.
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Secrets of a stress free retirement book review
Related Social Security Questions. I was on Disability I got a call when I was 70 that I was. I was on Disability I got a call when I was 70 that I was now retired still disabled.
Someone just called from social security to say my SS had. And I should call a number for legal help Can you help me? Exactly how do I get the benefits from the Social Security.
It's the Income, Stupid : The 7 Secrets of a Stress-Free Retirement
Exactly how do I get the benefits from the Social Security Catastrophe plan? Possible suspicious phone call saying that their has been a.
Possible suspicious phone call saying that their has been a breech in my ss account and ask for my ss. How do I know that this is a real issue?
Tax Free Retirement Revealed (Book Review Pt. 3) - EP52
The little black book of income secrets on how to boost yur. The little Black Book of Income Secrets.
Is this a Scam?. I have had three calls supposedly from Social Security on. I have had three calls supposedly from Social Security on Aug 2 they said they have received notice from federal authorities to "black list" my social security number and freeze my benefits.
Oh I really have a few questions since you are here, what's. I am wanting to find out the truth on Social Security benefits. Saw this ad and wanted to know if what they were talking. Saw this ad and wanted to know if what they were talking about is true? Is the information in their book true as well? I sign up Book that they say is free my Q is can they get to.
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Yes, I'm not good at this chat stuff so hang with me please. I received my 1st. SS payment this month. I am 62 and will be 63 in March.
Between my wife and I we are pretty comfortable, but she's going to retire at 67 next year. I'm seeing a lot of ads for books that tell about how I can increase my payments if I have the secret.
Are these scams, or real good information?
Is there something being cut from the retirement benefits. Is there something being cut from the retirement benefits April ? Is there a way or a form I can fill out before then to not have that cut effect me?
My wife and I are in our mid 70s, and have each been. My wife and I are in our mid 70s, and have each been receiving Social Security benefits based upon my work record for about 10 years. How do I apply for x husband ssdis benefits? Show more. JustAnswer in the News :. Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers Web sites like justanswer.