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Money Matters

A Guide to Posting in Your SparkTeam Forum

  FORUM:   General Team Discussion Forum
TOPIC:   Social Security 


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MARGOMCP
MARGOMCP's Photo Posts: 8,670
9/20/12 9:32 A

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That's great your daughter got benefits. Mine was only an extra $40 so not going to be doing much more than giving us a nice dinner out once a month? :-)

I used my own work record as you have to be full age to get half your husband's, if it's larger (would be about the same for me if I waited but obviously $40 different now :-) but I wanted the money now, while I'm "young" enough to use it! I figured out if I waited until I was 66, the wait between 62 and 66, the money I'd "lose" I wouldn't recoup until I was 70 and, by then, I don't think I'll be travelling or doing as much as now.

We've been retired since 2005/06 and doing okay so my Social Security will just be a little more on top, which will be nice.


There is no pleasure worth forgoing just for an extra three years in the geriatric ward. ~John Mortimer


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JOURNEYTO60
JOURNEYTO60's Photo Posts: 378
9/16/12 8:46 A

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MARGOMCP: My husband applied for social security a few years ago. At the time we had one more child still in high school. She received benefits as well. We were surprised as you were about extra funding. When we asked what we needed to spend her money on, they explained the support tiers (housing, food, medical, etc.). We worked with social security and our school district to send her to colelge her senior year. The district paid the tuition and books as part of a post-secondary option, and social security let us apply her benefits to the dorm and food plan. One year paid to help her on her way!

I gues the lesson is to make those calls, explore your options, and discover other ones as well. So glad things worked out for you with your benefits!



MARGOMCP
MARGOMCP's Photo Posts: 8,670
9/7/12 9:28 A

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I just applied online last week and got an email to call them before they could process my claim completely; when I did, it turns out I got more money, because of my husband, than I thought; I was applying for myself on my own record but for some reason still get money because his account is larger.

I said, "But I'm only 62!" (to choose half of one's spouse's larger amount you have to be the full age, in my case 66) and he explained that was different. "But he's still alive!" I tried :-) and the agent explained that didn't matter either, it's not like that. But I did not hesitate in accepting more money if they wanted to give it to me. He was a nice guy, he said, "I knew you would!" and after he talked to my husband and quizzed him on his details to make sure he was the right guy/my husband, told him he "passed the test with flying colors" (on knowing about himself, LOL).

I don't start receiving it until the day after Christmas though. I've already pretty much already spent it on my trip in February and more travel next August.


There is no pleasure worth forgoing just for an extra three years in the geriatric ward. ~John Mortimer


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