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"Line R" is part of a come-on used to promote Steve Sjuggerud's TrueWealth investment advisory; you won't find a specific reference to this anywhere else, unless the person is talking about Steve Sjuggerud's investment program.
Line R refers to "File and Suspend," filing for Social Security retirement benefits and immediately telling the Social Security Administration to suspend the claim. This allows a spouse to receive retirement benefits while the person who filed the claim continues working.
This particular "secret" only applies to married couples, and only if one spouse is full retirement age (65, if born before 1943; 66 if born between 1943-1954) and plans to continue working beyond retirement age. It provides the most advantage to a family where one spouse doesn't work, or only works part-time and earns $14,160 per year or less, and the other spouse works full-time until age 70.
The non-earning (or low-earning) husband or wife can retire as early as age 62 and draw social security benefits against the working spouse's earnings record, if the working spouse is at least full retirement age. Minor children, if any, are also eligible to receive benefits.
In order for this to work, the 65/66-year-old worker must file for Social Security retirement then suspend the claim (on Line R) and continue working in to earn credits toward higher future benefits (these max out at age 70). Under these circumstances, the family will receive social security payments for the non-working spouse, but nothing for the working spouse until he or she re-files for retirement a few years later.
Contrary to popular belief, this is not really a "secret the government doesn't want you to know," but the bi-product of too many regulations and loopholes and too much documentation for most people to keep track of.
You can learn other tips about maximizing your Social Security benefits and minimizing your taxes by reading free articles from credible sources. To get started, see Sources and Related Links, below.
What else can I help you with?
What is the definition of the social security disability application?
The social disability application is a form filled out by someone who is disabled and unable to work. A person who can not work and earn an income would fill out the form and try to get social security disability income.
Can an attorney help with Medicaid application?
If you are applying for Medicaid on the basis of disability and you are not already receiving Social Security disability (RSDI or SSI), you might want to hire an attorney who specializes in Social Security disability. (Medicaid follows the Social Security rules for disability.)
Does georgia tax social security disability?
Some Social Security Disability beneficiaries have to pay federal income taxes on their Social Security Disability benefits, while others do not.
Is social security disability judgment proof in Missouri?
Social Security Disability and Social Security is judgment proof from debtors in all states.
Preparation for social security disability appeal hearing?
Preparation for social security disability appeal hearing?
Ia Amblyopia considered a disability with the Social Security Administration?
yes consider as disability with social security administration
Where is the Social Security Office of Hearings and Appeals in Detroit MI?
If you cannot work due to a physical or mental condition, you should contact a Michigan Social Security Disability Attorney or Lawyer immediately for a free consultation and free advice regarding your Social Security Disability or Supplemental Security Income appeal hearing in Michigan. Social Security Professionals consists of Social Security Disability Lawyers and Attorneys in Michigan who handle Social Security Disability hearings and appeals throughout Michigan at Disability Appeal offices in Oak Park, Detroit, Lansing, Flint, and Grand Rapids, Michigan. If you have received a notice of disapproved claim or denial of SSD, SSDI, SSI, Retirement, Survivors, Disability or Supplemental Security Income benefits, you will need to file an application for appeal called a Request for Hearing and you should call to speak for free to a Disability Attorney in Michigan at once
How much will gov take from disability and social security checks?
= How much will gov take from disability and social security checks?" =
What is the percentage of Social Security Disability income a collections agency can take in Kansas?
Social Security Disability cannot be garnished.
What day of month are disability social security checks mailed?
When will disability social security checks be deposited in july 2014
Do you have to apply for Social Security Disability when you start getting Long Term Disability from your employer?
Yes, if your disability insurance policy has a benefit that is integrated with social insurance benefits.Most employer paid disability insurance policies are integrated with social security benefits, because of the lower premium they have to pay. Individual disability insurance plans can be purchased with or without social security integration. Benefits that are not integrated with social security benefits will not be affected whether you apply or not for social security disability benefits.
How do I know if I have Social Security Supplemental Income or Social Security Disability Income?
One should contact their local welfare office to see if their social security is supplemental or disability.
