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Can one stop social security benefits and reapply for them later?
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Can an incarcerated person receive Social Security benefits?
No. A person who lives for more than 30 days in a tax-supported facility, like jail, prison or a nursing home, cannot receive Social Security benefits. If the person is later released, he or she can begin receiving payments again, but will not be paid back benefits for the time spent incarcerated.
If you remarry can your new wife get ss benefits?
Here is a link to Social Security Online, where you will find answers to such questions. Note that your ex-wife does not collect YOUR social security benefits: She may collect ---- benefits from the Soc Sec fund, based on your Social Security record, if she is at least age 62 and if you are entitled to or are receiving benefits. http://www.ssa.gov/gethelp1.htm
When is one eligible for social security retirement benefits?
You can start getting your benefits as early as age 62. That may not be a good idea, however, as they are adjusted for age. So you will get less money than if you can hold out later.
What motivated the creation of the social security program?
The Social Security Act (1935) provided for: a pension for retired and disabled workers ("Social Security"); Aid to Dependent Children (ADC, later Aid to Families with Dependent Children, AFDC, still later Temporary Assistance for Needy Families, TANF); Aid to the Aged, Blind and Disabled; and unemployment insurance benefits.
Does interest income affect social security benefits?
No. Both Social Security retirement and disability benefits are tied to an individual's contributions to the fund during the course of his or her working life.* There is no means test, and no limit on household income. Your wife's income will not affect your ability to receive benefits, nor will it change the benefit amount.On the other hand, if you were born in 1943 or later and have not yet reached the full retirement age of 66, your personal earned income is restricted to $14,160 per year ($37,680 the year of your 66th birthday; no limit as of your birthday month and later), or the Social Security Administration will reduce your benefits for the next year by $1.00 for every $2.00 you earn over the limit. This can result in not receiving a Social Security check for several months, beginning in January of the following year.There is no restriction on unearned income at any time.*Spouses who were homemakers or didn't meet the required 40 credits to qualify for their own benefits may receive benefits based on the earning spouse's contributions.
Once you start social security benefits can you stop it for any reason?
If you mean social security retirement benefits, yes, but you must pay back what was received by yourself as well as any amounts from spouses and children from your earnings record. Please do not use this site for Social Security information Contact your local office. Take information from anywhere else at your own risk.
Can you collect social security at 62 if born in 1960?
You can begin receiving Social Security at age 62. The amount that you receive gets higher the longer you wait to apply for Social Security. That's the basic, simple answer. However, there are circumstances under which a person could receive SS benefits prior to age 62.
How does Social Security work question by Goldhill Associates?
The program is based on contributions that workers make into the system. While you're employed, you pay into Social Security; you receive benefits later on, when it's your turn to retire. Contributions take the form of the Federal Insurance Contributions Act (FICA) taxes that are withheld from most paychecks.
What is a Social Security Number?
A Social Security number is a 9-digit number issued to citizens after each child is born, to permanent residents and to temporary (working) residents. Each is a unique number, with the exception of the first 3-digits, which identifies the State that issued the original number. The number is issued to an individual by the Social Security Administration, an agency of the U.S. Federal Government. Its primary purpose is to track individuals in employment for taxation purposes and to receive "Social Security" later in life as a benefit from having had worked during life.
Can husband and wife both receive social security?
Yes. See the following excerpts from the Social Security website at the related link provided below:Spouse's benefits:A spouse who has not worked or who has low earnings can be entitled to as much as one-half of the retired worker's full benefit. If you are eligible for both your own retirement benefits and for benefits as a spouse, we always pay your own benefits first. If your benefits as a spouse are higher than your retirement benefits, you will get a combination of benefits equaling the higher spouse benefit.If you have reached your full retirement age, and are eligible for a spouse's or ex-spouse's benefit and your own retirement benefit, you may choose to receive only spouse's benefits and continue accruing delayed retirement credits on your own Social Security record. You may then file for benefits at a later date and receive a higher monthly benefit based on the effect of delayed retirement credits.If you are receiving a pension based on work where you did not pay Social Security taxes, your spouse's benefit may be reduced.Benefits for a divorced spouseYour divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried.The amount of benefits he or she gets has no effect on the amount of benefits you or your current spouse can get.Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.
How to refuse a survivors benefit reward?
Well there seems to be a number of places that do Survivor Benefits Plans. First there is Social Security Then Department of Veterans. Then there is normal Insurances. I am sure with all three you can call them and find out for your state how to do this. I am sure in these times as well you can refuse payment and they would be more then happy to not send you any survivor's benefits to you at this time. But do find out if later, in case you want to later, you can qualify for them later. I would call the area of offices in the topic it concerns and go from there. Whether it be Social Security, Veteran's and/or a Private Insurance the deceased took out before their death and put you as the recipient.
How do you take some of your social security money out early?
The only way to access Social Security money early is to retire early, but within the restrictions of the Social Security System. If you do that, your monthly payments will be smaller than if you retired at the "normal" time or later.
