Search found 3672 matches

by ObliviousInvestor
Tue Jul 07, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 75
Views: 5262

Re: Does it really matter when you claim Social Security

Aren't there basically 3 important factors for this question? 1. Life expectancy 2. Single or married 3. Expected return on assets Those are the basic ones. There are some less common factors though that, if applicable, are quite important. For example: 4. Minor children or adult disabled children ...
by ObliviousInvestor
Mon Jul 06, 2020 4:57 pm
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 75
Views: 5262

Re: Does it really matter when you claim Social Security

So then, doesn't it obviously follow that men should take it early while women should take it later? Or is it still more complicated than that? That would be the case if 1) survivor/spousal benefits did not exist and 2) the system were neutral for the average unmarried person. But #2 is not true an...
by ObliviousInvestor
Mon Jul 06, 2020 3:28 pm
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 75
Views: 5262

Re: Does it really matter when you claim Social Security

JustinR wrote:
Mon Jul 06, 2020 3:23 pm
Watty wrote:
Mon Jul 06, 2020 3:13 pm
Even for a single person it is not actuarial neutral because;

1) It does not take gender into account.
Just curious, how do you know this?
Because the calculations (i.e., increase for each month that you wait) are the same regardless of whether the person in question is male or female.
by ObliviousInvestor
Mon Jul 06, 2020 2:52 pm
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 75
Views: 5262

Re: Does it really matter when you claim Social Security

Claiming SS benefits is an irrevocable decision. You can withdraw the application within one year and repay benefits, so a total do-over. I helped my parents do that last year (total PITA though!). And even after that I think you can suspend and get credits toward a higher benefit later. I wasn't a...
by ObliviousInvestor
Mon Jul 06, 2020 2:51 pm
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 75
Views: 5262

Re: Does it really matter when you claim Social Security

The plan is set up in some sense to be actuarially neutral, but that does not make it actuarially neutral for participants. If for instance the plan is actuarially neutral for single men, then it is actuarially beneficial for single women because on average they live longer. If it is actuarially ne...
by ObliviousInvestor
Mon Jul 06, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 75
Views: 5262

Re: Does it really matter when you claim Social Security

People sometimes point out that you can't know which filing age will work out best until you know how long you will live (and/or how long your spouse will live, if married). That's true. But sometimes people then take that to mean that it's a "then who cares? Just pick something." sort of decision. ...
by ObliviousInvestor
Tue Jun 30, 2020 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Survivor Benefits - pass before Full Retirement Age
Replies: 17
Views: 1643

Re: Social Security Survivor Benefits - pass before Full Retirement Age

azianbob wrote:
Tue Jun 30, 2020 2:01 am
So to do the actual PIA calculation I need the father in law's lifetime reported taxable income history and plug it into the social security website? And put $0 for 2020 through his full retirement age?
That would be one way to do it. She could also call the SSA and ask what his PIA is.
by ObliviousInvestor
Mon Jun 29, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Survivor Benefits - pass before Full Retirement Age
Replies: 17
Views: 1643

Re: Social Security Survivor Benefits - pass before Full Retirement Age

Based on my father in law's Jan 2020 Social Security Statement, it says: full retirement age - $1,228 70 years - $1,580 62 years - $826 So based on this, my understanding is that my mother in law would be getting 71.5% of the $1,228 if she were to start receiving benefits now at age 60. However, if...
by ObliviousInvestor
Mon Jun 29, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Survivor Benefits - pass before Full Retirement Age
Replies: 17
Views: 1643

Re: Social Security Survivor Benefits - pass before Full Retirement Age

Because he died prior to FRA and prior to having filed, her full survivor benefit would be his PIA (i.e., the amount he would have gotten if he had survived until his FRA and filed on that date). If she files for survivor benefits prior to her survivor FRA, there will be a reduction, as you have ind...
by ObliviousInvestor
Sun Jun 28, 2020 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I just ran both Windows PC and iPad in incognito/privacy mode and the issue is resolved. Still doesn't work in regular mode but I expect my op systems will straighten that out in due course as I have never had issues with accessing updated versions of your site. Thank you for reporting back. And th...
by ObliviousInvestor
Sun Jun 28, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Silk McCue, thank you for catching that. It should be fixed. It was an issue with the PIA input coming in as a string via the URL parameter. And trying to do math with the string doesn't work. Issue still exists in both environments. Did you promote the code to production? Cheers Hmm. Yes, I did se...
by ObliviousInvestor
Sun Jun 28, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Silk McCue, thank you for catching that. It should be fixed. It was an issue with the PIA input coming in as a string via the URL parameter. And trying to do math with the string doesn't work.
by ObliviousInvestor
Sat Jun 27, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Hi, first this is awesome so thank you. One suggestion I would have is somewhere once you do your calculations to list the family maximums, which comes in handy if you have a disabled child. I'm figuring that you are already calculating them anyway. Thanks! Thank you for the suggestion. Yes, the ca...
by ObliviousInvestor
Sat Jun 27, 2020 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

One useful feature would be the ability to save and load the user's selections. If the user were able to save all of their selections to a file, they could reload them at a later date and no have to re-enter each selection by hand. Additionally, they could send you their selections easily, so that ...
by ObliviousInvestor
Thu Jun 25, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Sorry, I wasn't trying to be a pest. I had forgotten that I suggested this feature before. As a former Software QA professional, it's a feature that was always essential, and one I always prioritized for testing purposes. You have most definitely not been a pest. I appreciate your suggestions/input.
by ObliviousInvestor
Wed Jun 24, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

One useful feature would be the ability to save and load the user's selections. If the user were able to save all of their selections to a file, they could reload them at a later date and no have to re-enter each selection by hand. Additionally, they could send you their selections easily, so that ...
by ObliviousInvestor
Wed Jun 24, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I’m suggesting that when the user taps or mouse clicks that you take the statistical portion of the information that appears were you hovering on that spot and display it outside of the graph below the “Selected Option” information that already appears to the right of the graph on a PC or a landsca...
by ObliviousInvestor
Tue Jun 23, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Silk McCue, I edited the post accordingly. My apologies for the goose hunt! As far as the suggested behavior, I just want to check that I understand the suggestion: you would like a tap on the chart (on a touchscreen device) to bring up the same information that appears via a "hover" on desktop? Tha...
by ObliviousInvestor
Tue Jun 23, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I spent some time yesterday using my iPhone 6 Plus and iPad Mini to view the updated site by changing the browser tab to "Request Desktop Site". Even without the graphic hover capability that displays the percentage of maximum it was no less usable than the original version of the product on the iP...
by ObliviousInvestor
Sun Jun 21, 2020 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I'm curious why it's telling me that I would maximize my benefits at age 69 and 4 months rather than age 70? Without knowing any of the inputs used, I can't really say anything more than "because that's the filing age that resulted in the greatest present value of expected benefits over your lifeti...
by ObliviousInvestor
Sun Jun 21, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Question: when I click anywhere in the rightmost column of the graph, I get this message and I don't understand what it means: Note: The strategy you have selected is not represented in the color-coded graph, because the graph always assumes that, if you voluntarily suspend benefits, you will suspe...
by ObliviousInvestor
Sun Jun 21, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48861

Re: "Open Social Security" calculator: feature requests, bug reports, etc

As of today, Open Social Security has a new feature. Specifically, the output now includes a color-coded graph that shows the desirability of a bunch of the different filing dates all at once. (In many cases, it shows all of the options, but there are some situations where a 2-dimensional graph simp...
by ObliviousInvestor
Thu May 28, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse filing for spousal benefits question
Replies: 14
Views: 941

Re: Spouse filing for spousal benefits question

Everyone! Thank you! ObliviousInvester - The formula will be very helpful in giving my Uncle an idea of his SS + Spousal Benefit amount. My uncle has greater than 40 credits and so the total he will receive then will be a combination of his SS benefit plus a spousal benefit which together will equa...
by ObliviousInvestor
Thu May 28, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse filing for spousal benefits question
Replies: 14
Views: 941

Re: Spouse filing for spousal benefits question

Actually OP stated "My uncle is planning on filing at full retirement age and wants to claim a spousal benefit." If he's turning 66 this year, and therefore was born after Jan 1, 1954 won't he be deemed to be filing for his own benefit as well as a Spousal benefit because of the 2015 revisions? Yes...
by ObliviousInvestor
Thu May 28, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse filing for spousal benefits question
Replies: 14
Views: 941

Re: Spouse filing for spousal benefits question

ObliviousInvester, you wrote: "The maximum possible spousal benefit is half of the other person's PIA (PIA = the amount a person would receive as a retirement benefit, if they filed at full retirement age). So if she filed at 70, he would get less than half of her current monthly benefit." Does thi...
by ObliviousInvestor
Thu May 28, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Spouse filing for spousal benefits question
Replies: 14
Views: 941

Re: Spouse filing for spousal benefits question

The maximum possible spousal benefit is half of the other person's PIA (PIA = the amount a person would receive as a retirement benefit, if they filed at full retirement age).

So if she filed at 70, he would get less than half of her current monthly benefit.
by ObliviousInvestor
Thu May 28, 2020 8:45 am
Forum: Personal Investments
Topic: Question re: SS & ORP; answering confusing SS Questions
Replies: 3
Views: 349

Re: Question re: SS & ORP; answering confusing SS Questions

sscritic found this thread and sent the following via email: A quick google reveals that 1) The Texas Higher Education Coordinating Board (THECB) provides statewide coordination for the Optional Retirement Program (ORP) administered by Texas public institutions of higher education. http://www.thecb....
by ObliviousInvestor
Mon May 18, 2020 2:49 pm
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 59
Views: 4269

Re: Open Social Security strategy results question

Sounds to me this calculator is more complicated than I originally thought (especially if it assumes when you start SS early, you will invest that non SS money). Yes, it's assuming that if you file early you invest the money (or alternatively that you spend the benefits received, and thereby have m...
by ObliviousInvestor
Sun May 17, 2020 10:10 am
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 59
Views: 4269

Re: Open Social Security strategy results question

Thanks for the replies. I am just starting to look into SS. So, let me back up a bit and ask how this works in general. My hunch was my death date, according to the tables, was the break even point. In other words, no matter when I started to take SS, if I died on that day I would have received the...
by ObliviousInvestor
Mon May 11, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 65
Views: 5446

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

How does this affect those that turn 60 in 2020 and are on or going on SS disability? It doesn't. When a person becomes eligible for a retirement or disability benefit, we calculate their PIA using the bend points that are applicable that year. The bend points from a given year are calculated based...
by ObliviousInvestor
Wed May 06, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?
Replies: 40
Views: 3470

Re: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?

this may be a stupid question, but if someone does a QCD the amount of the QCD reduces the RMD that's taxable. So if an RMD is $1000 but someone does a QCD say of $400 it only makes $600 of the RMD taxable income. Under the CARES act, is the $300 (of the $400 in the example above) ALSO able to be c...
by ObliviousInvestor
Wed May 06, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?
Replies: 40
Views: 3470

Re: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?

this may be a stupid question, but if someone does a QCD the amount of the QCD reduces the RMD that's taxable. So if an RMD is $1000 but someone does a QCD say of $400 it only makes $600 of the RMD taxable income. Under the CARES act, is the $300 (of the $400 in the example above) ALSO able to be c...
by ObliviousInvestor
Tue May 05, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Advantages of keeping your income below the stimulus check limits this year
Replies: 15
Views: 1920

Re: Advantages of keeping your income below the stimulus check limits this year

tadamsmar wrote:
Tue May 05, 2020 8:31 am
I think the important income number is your AGI but I have not seen a good technical explanation of the exact definition of the gross income limit used.
It's just regular AGI -- not "modified" in any way.

https://www.law.cornell.edu/uscode/text/26/6428
by ObliviousInvestor
Tue May 05, 2020 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 65
Views: 5446

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

I admit that I got lost in the math. Can someone just summarize what this is all about? The calculation of the "bend points" used to calculate a person's primary insurance amount depend on the national average wage index (NAWI) from the year in which they turn age 60. (See the bottom of this page f...
by ObliviousInvestor
Mon May 04, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 65
Views: 5446

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

So what's the average SS payment? How much less will it be than for people born in 1959? We don't know yet how much lower it will be for people born in 1960 than for people born in 1959, because we don't yet know how much lower NAWI will be in 2020 than 2019. (That's what neurosphere's chart in the...
by ObliviousInvestor
Mon May 04, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 65
Views: 5446

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

I admit that I got lost in the math. Can someone just summarize what this is all about? The calculation of the "bend points" used to calculate a person's primary insurance amount depend on the national average wage index (NAWI) from the year in which they turn age 60. (See the bottom of this page f...
by ObliviousInvestor
Wed Apr 29, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Survivor's Benefits
Replies: 5
Views: 507

Re: Social Security Survivor's Benefits

Generally speaking the earnings test operates on an annual basis. See here for a brief description: https://www.ssa.gov/OACT/COLA/rtea.html However, the earnings test will not result in withholding of benefits during a "non-service month in a grace year." A non-service month is a month in which you ...
by ObliviousInvestor
Fri Apr 24, 2020 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?
Replies: 40
Views: 3470

Re: CARES Act Charitable Giving Incentives Deduction

Has anyone seen anything authoritative (ie. IRS) that the $300 is per taxpayer (therefore $600 for MFJ)? Amended on 4/24/20: Per a footnote in the Joint Committee Report on the CARES Act, the footnote is self explanatory: 76 Sec. 62(f)(1). The $300 limit applies to the tax-filing unit. Thus, for ex...
by ObliviousInvestor
Sat Apr 18, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [2020 changes to maximum payment under current law?]
Replies: 11
Views: 1234

Re: Social Security [2020 changes to maximum payment under current law?]

Correction in original post- I will be 70 in 2021. Mike I sent it to - mike@opensocialsecurity.com The email is : Mike THANK YOU. I used your calculator and took your advice. My wife took her SS and I am taking half of hers. I am waiting until 70 to implement the second part where I take mine and s...
by ObliviousInvestor
Fri Apr 17, 2020 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [2020 changes to maximum payment under current law?]
Replies: 11
Views: 1234

Re: Social Security

tromano1234 wrote:
Fri Apr 17, 2020 7:31 pm
I used Mike's calculator and implemented his strategy. I did email him the question but have not received a reply yet.
I don't appear to have an email from you. To what address did you send it?
by ObliviousInvestor
Wed Apr 15, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Application Question
Replies: 2
Views: 205

Re: Social Security Spousal Application Question

If it turns out not to be possible to straighten it out over the phone, you can file Form SSA-521 to withdraw an application:
https://www.ssa.gov/forms/ssa-521.pdf
by ObliviousInvestor
Wed Apr 15, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?
Replies: 40
Views: 3470

Re: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?

Does the $300 "above the line" deduction reduce AGI (as does a CD early withdraw penalty), or is the $300 reduction applied after the AGI line (where taxable income is being calculated but above it)? I'm asking since AGI is the focal point of the ACA premium tax credit calculation. Above the line d...
by ObliviousInvestor
Wed Apr 15, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?
Replies: 40
Views: 3470

Re: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?

As far as I can tell, it would be $600 if married filing jointly. The CARES Act adds a new paragraph (22) to IRC 62(a). IRC 62 is the section that defines adjusted gross income. You can find it here: https://www.law.cornell.edu/uscode/text/26/62 Note that it explains what adjusted gross income is fo...
by ObliviousInvestor
Thu Apr 09, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Payroll Protection Program From Employee Standpoint
Replies: 35
Views: 2004

Re: CARES Payroll Protection Program From Employee Standpoint

Not quite sure I fully understand this section, so I will paraphrase after: What if I bring back employees or restore wages? Reductions in employment or wages that occur during the period beginning on February 15, 2020, and ending 30 days after enactment of the CARES Act, (as compared to February 1...
by ObliviousInvestor
Thu Apr 09, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Payroll Protection Program From Employee Standpoint
Replies: 35
Views: 2004

Re: CARES Payroll Protection Program From Employee Standpoint

When this loan is granted, can I expect to get my whole salary again? Or can he continue just to pay me at the reduced hours rate (-60%)? My yearly salary is under 100K and I do not take company health benefits. My understanding of this program is that the loan will only become a forgiven grant if ...
by ObliviousInvestor
Thu Apr 09, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: SS and turning 70 after file and suspend my experience
Replies: 12
Views: 1135

Re: SS and turning 70 after file and suspend my experience

For me, I did it at my FRA, in case my doctor told me you are going to die. This would have allowed me to unsuspend and say never mind, give me all the payments I would have received had I not suspended. Otherwise, at 70, where I am now, I receive an adjusted amount as if I had not filed prior to 7...
by ObliviousInvestor
Wed Apr 08, 2020 5:13 pm
Forum: Investing - Theory, News & General
Topic: Taking Social Security in a down market
Replies: 13
Views: 1395

Re: Taking Social Security in a down market

Raybo wrote:
Wed Apr 08, 2020 5:01 pm
Just to finish up this thread, I check on the SSA site today and saw this message:

Decision Has Been Made On Your Benefit Application

Your claim for Spouse benefits has been approved.
:thumbsup :thumbsup

Happy to hear that it went well!
by ObliviousInvestor
Tue Apr 07, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security deferred credits
Replies: 28
Views: 2531

Re: Social Security deferred credits

neurosphere wrote:
Tue Apr 07, 2020 8:21 pm
ObliviousInvestor wrote:
Tue Apr 07, 2020 8:00 pm
Now we add the 10 new DRCs from 2019, and your new benefit should be 1.193333333 x your PIA, or 2,054.77.
$2954.77. :wink:
Ah!! Thanks for catching the typo.
by ObliviousInvestor
Tue Apr 07, 2020 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security deferred credits
Replies: 28
Views: 2531

Re: Social Security deferred credits

Hello, I suspended my SS from June '17 until Nov '19. I filed for SS in Nov'19 for first payment in Dec'19. Received my DRC's in that first payment for 2017 and 2018. Got a letter from SS today saying my benefit for Jan 2020 will change to credit me for 2019 DRC's. 10 months for 2019 @ 2/3%/month/ ...
by ObliviousInvestor
Tue Apr 07, 2020 7:21 pm
Forum: Personal Investments
Topic: Question on Social Security and Spousal Strategy
Replies: 25
Views: 1864

Re: Question on Social Security and Spousal Strategy

My wife has filed for Social Security benefits at age 62. I am currently 67 and not going to file until 70. But I did not file for spousal benefits. This is a big mistake, right? Is there any downside to me applying for these benefits? Does it affect my future benefits when I apply at age 70? Yes, ...