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Social Security

U.S. OASDI social insurance system funded by FICA payroll taxes and originally created by the Social Security Act of 1935

3,984 Questions

Can Social Security garnish social security checks?

".....Federal law generally prohibits anyone, including the federal government, from taking Social Security Disability Income (SSDI) or Supplemental Security Income (SSI) benefits by legal means.30 This is referred to as the anti-assignment clause. However, because this right was created by Congress, it can be modified by Congress. In certain instances Congress has specifically allowed this protection to be pierced."

"....when a student with limited financial means cannot make repayment arrangements with the lender, or otherwise take the loan out of default as discussed below, the VR agency may conclude that 'maximum efforts' have been made and full VR assistance would be appropriate." And "Voluntary payments do not include payments obtained by income tax offset, garnishment, or income or asset execution."61

"It is important to note that there is no longer a statute of limitations that applies to the collection of student loans.23 What this means is that no matter how old a loan is, all of the collection actions discussed in this article can be used to seek to recover on a defaulted student loan. For example, the authors have had clients with loans that were 20 years old that were now subject to collection actions. 24"

"Under the federal guaranteed student loan programs, there are provisions for discharging a student loan, if a person becomes 'totally and permanently disabled.'43T o be considered 'totally and permanently disabled,' the individual must be 'unable to work and earn money or attend school because of an injury or illness that is expected to continue indefinitely or result in death."44

http://luxuriouschoices.blogspot.com/2007/08/lord-giveth-lord-taketh-away.html

How is social security taxed after age 75?

Age, whether it be young or old, is irrelevant to your taxability.

Social Security IS taxable income, although there is a calculation that makes much of it, if not all of it, NOT actually taxed for many, depending on the amount of SS received AND other income sources (like interest, retirement, Pensions, etc)

How do you become eligible for social security?

At age 62 if you have enough earned credits (work periods throughout your life) you would become eligible for a reduced portion of your social security retirement if you waited until you were 65 years of age. At age 62 you would receive approx. 75% of what you would have received if you waited until you were 65 years old.

Disability under social security prior to your retirement age (either 62 or 65) would depend on your medical condition and how disabled you would be. However you would still need enough work credits to be eligible.

Can you opt out of social security benefits if you are already receiving them?

Getting social security isn't automatic and you have to file for them with the social security administration. So, just don't file.

Can a wife at age 62 draw half of spouse's SS and continue to work and earn unlimited?

A spouse receives one-half of the retired worker's full benefit unless the spouse begins collecting benefits before full retirement age. In that case, the amount of the spouse's benefit is reduced by a percentage based on the number of months before he/she reaches full retirement age.

For example, based on the full retirement age of 66, if a spouse begins collecting benefits:

  • At 65, the benefit amount would be about 46 percent of the retired worker's full benefit;
  • At age 64, it would be about 42 percent;
  • At age 63, 37.5 percent; and
  • At age 62, 35 percent.

However, if a spouse is taking care of a child who is either under age 16 or disabled and receiving Social Security benefits, a spouse gets full (one-half) benefits, regardless of age.

If you are eligible for both your own retirement benefit and for benefits as a spouse, we always pay your own benefit first. If your benefit as a spouse is higher than your retirement benefit, you'll receive a combination of benefits equaling the higher spouse's benefit.

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How do you activate dormat account in banking?

You can activate your dormant bank account by visiting the bank with whom you have your account and submit a letter in writing that you wish to re-activate your bank account and assure them that your account would be used actively going forward. They may also ask you the reasons as to why your account remained inactive in the past. Once you submit the request, your account should be activated within a few days.

Does your social security payment increase if you keep working?

Probably not - for 2 main reasons: 1) The amount made, over rather small limits, reduces the amount you receive $1 for every $2 made. 2) Your benefit was pretty much determined on your best earnings periods over your lifetime. Probably you would make less now than you used to and no better beenfit would be derived.

What is ssa treas 310 xx soc sec?

I recieved an extra 1300.00 a dbl payment last month Why??

What is pro security culture?

The pro security culture refers to a given culture whereby people working in a certain environment are conscious about their security and that of their surrounding. It is a culture whereby the people feel safe in their environment and take measures to ensure that indeed security is realized.

How long do I need to wait to apply for a credit card maybe in a convinient store after you obtain your social security number?

Your SSN was issued to your person before you attained the age of Two!! Two year olds cannot get a credit card!! Having a SSN has no bearing on your credit worthiness - You will need a short history of making payments so someone before credit will be granted.

A way to do this is to always pay your utility bills on time - this establishes a good record in your name.

Do you need family social secuity number to write a will?

No, there is no requirement to have an SSN to write a will. The individuals named in the will have to be readible identifiable.

Is disability social security for child support taxable?

No, it is not taxable, however you are obligate to maintain a record of how the money is spent.

How much money will you receive from social security per child under 18 yraes old when you retire at 62?

The amount will depend on the amount that you are qualified to receive when you retire at the age of 62 and apply for your SSB amount.

You will have to try and get the correct number from the social security administration office.

Go to the SSA gov web site to find some contact information and some frequently asked question and answers and see what you can find available to you about this question.

Can you marry a women overseas if you are on social security disability?

I see no reason why not but if you move out of the country, you may lose your benefits. Contact SSA.

Can a spouse collect anther spouses social security if they have not lived together in 30 years?

If the spouses are still legally married, then all of the regular rules apply - there is no restriction for living in the same household. If eligible, spousal benefits can be payable to one spouse based on the other spouse's record. The other spouse must have filed for benefits to enable this spousal benefit to be received.

If the spouses in question are divorced (therefore ex-spouses), as long as they were married for at least 10 years and the spouse who is planning to file for benefits on the other spouse's record has not remarried, this is allowed as well. The other spouse must be at least 62 years of age (doesn't have to file), and all other restrictions apply.

In both cases, if the spouse who is filing for benefits on the other spouse's record is younger than Full Retirement Age (66 for those born between 1943-1954), then you must file for your own benefit in addition to the spousal benefit at the same time, and both will be reduced due to early filing.

The maximum amount of spousal benefit is equal to 50% of the other spouse's benefit amount at his or her Full Retirement Age.