What would you like to do?
Can a social security recipient outlive his social security benefits?
No; Social Security tax (i.e., FICA) is collected from earned income only.
Yes if it proves to be debilitating.
If you're talking about retirement benefits, you should receive your first check or deposit in the month following your first month of eligibility; benefits are always paid in… arrears. If you're talking about disability benefits, there is a five month waiting period, so you should receive your first check or deposit in the sixth month after the date disability was approved. Benefits are paid according to the birth date of the person whose earning record is being used to issue payment: 1st - 10th.....................second Wednesday of month 11th - 20th...................third Wednesday of month 21st - 31st....................fourth Wednesday of month SSDI + SSI...................third day of month Approved prior to 1997...third day of month SSI only........................first day of month If the regularly scheduled payment falls on a holiday, the benefit will be issued one business day prior to the usual date.
No. Social Security benefits are non-transferable, so they can't be garnished, attached or levied by most creditors. Only the federal government can garnish Social Security ch…ecks, and only for limited purposes, like payment of back taxes, alimony, and child support, debt to other federal agencies, and some victim compensation awards. Generally, they withhold only a portion of the benefit to help satisfy these obligations (e.g., maximum of 15% for past due taxes).
To get a personalized estimate of your Social Security benefits, use the Retirement Estimator online. More info at US Social Security Office site.
We all do in the long run. It provides income to those who have worked their lifetime and have contributed (along with their employers) into the program. The beneficiaries are… survivors of the contributor, the disabled, medicare recipients, and retired people.
The portability of social security benefits is in regards to the ability of workers to maintain social security rights while in the midst of changes. To learn more, Wikipedia …has all the information about the portability of social security benefits.
As early as age 62. You can find all kinds of information about this by going to the SSA.gov web site use the search box for When To Start Receiving Retirement Benefits At Soc…ial Security, we're often asked, "What is the best age to start receiving retirement benefits?" The answer is that there is no one "best age" for everyone and, ultimately, it is your choice. You should make an informed decision about when to apply for benefits based on your individual and family circumstances. We hope the following information will help you understand how Social Security can fit into your retirement decision. Click on the below Related Link
Disability benefits are through the Social Security Administration. You can contact their local office or visit their website.
Can back child support be withheld from social security benefits
The best way is to ask for a projection of what it is and will be from SS, which they provide happily for free. Once you find out how many SS credits you have, go to the Rela…ted Link below on how to estimate your retirement benefits.
People over 65 get free money from the government I would humbly point out that like all taxpayers, I have been paying 6.2% of my earnings into this program for years, so t…hat I will get "free money" in the future. Assuming they do not run out of money, which, at present rates, they will in a few years. Most expensive "free" thing I have had lately. Social Security pays for the elderly , the retired , or handicap. The money is received from everyone paying taxes. It can be extremely helpful if one gets into an accident or if a spouse has deceased.