6 Marriage New Social Security Card – marriage new social security card
Economic Security Planning, Inc.
Today’s cavalcade addresses questions about the dates Social Security uses to adjudge if a alliance lasted the all-important 10 years to accept allowances on an ex’s record, filing for conjugal benefits, furnishings of marrying and suspending retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the architect and admiral of Economic Security Planning, Inc, which markets Aerate My Social Security and MaxiFi Planner.
See added Ask Larry answers here.
Have Social Security questions of your own you’d like answered? Ask Larry about Social Security here.
What Dates Does Social Security Use To Adjudge If You Were Affiliated 10 Years?
Hi Larry, I affiliated in May 2010 and I accept been absent to get a annulment for years anytime aback my bedmate started application drugs in 2016. My advocate brash me to try and stick it out to the 10 year mark so that I would be able to aggregate on his Social Security record. I accept not formed in over 10 years and he is a actual aerial assets earner. Does Social Security admit the 10 years mark as the date that you book or the date the adjudicator signs the dissolution of the marriage? I’m not abiding if I should delay until June 2020 or book now. In Michigan we accept a 180 day cat-and-mouse aeon afore a adjudicator will agree a annulment with accessory children. So technically if I filed now, my annulment could not be final until the alpha of July 2020. Thanks, Helen
Hi Helen, Social Security goes by the date that the annulment is advised final beneath accompaniment law. A final annulment decree is one that absolutely dissolves a alliance and restores the parties to the cachet of distinct persons. A final decree is issued anon aloft acumen in some instances and in others it follows an interlocutory decree or decree nisi.
I’m not accustomed with the alone accompaniment annulment laws, but you’ll appetite to accomplish abiding that your annulment isn’t accurately advised final above-mentioned to your ceremony date. If your annulment becomes final alike one day above-mentioned to your 10th ceremony date, you would not be able to authorize for afar conjugal benefits. You may appetite to accede application one of my company’s software applications — Aerate My Social Security or MaxiFi Planner — to advice actuate your best advance of actions. Social Security calculators provided by added companies or non-profits may accommodate able suggestions if they were congenital with acute care. Best, Larry
Would It Be Advantageous For Either My Wife Or Me To Administer For Conjugal Benefits?
Hi Larry, I accept a conjugal allowances catechism for you. I am 69. I started accession my Social Security retirement allowances aback I accomplished my abounding retirement age of 66. My accepted annual analysis is $1,470. My wife is axis 62 abutting month. Her estimated annual retirement annual analysis at abounding retirement age will be about $2,300. Would it be advantageous for either of us two to affirmation conjugal allowances at any point? Thanks, David
Hi David, Assuming that the annual amounts listed in your catechism are accurate, the acknowledgment is no. You couldn’t authorize for conjugal allowances on your wife’s almanac because you’re already accepting your own retirement allowances and your annual bulk is added than 50% of your wife’s unreduced bulk at her FRA (i.e. primary allowance amount, or PIA).
Your wife couldn’t authorize for conjugal allowances because she couldn’t book for conjugal allowances afterwards additionally applying for her own benefits. That’s because she was built-in afterwards 1/1/1954, by the way. And aback your wife’s own PIA exceeds 50% of your PIA, she wouldn’t be acceptable for conjugal benefits. Best, Larry
Can Conjugal Allowances Appear Into Comedy In Our Case?
Hi Larry, I am a 70 year old retired accessible academy abecedary accession a alimony and a actual baby Social Security retirement benefit. My wife turns 65 in July and, as a realtor, has contributed to her own Social Security balance record. We ahead her allowances to be essentially greater than what I currently receive. Can conjugal allowances appear into play? Together, what are our options to aerate our benefits? Thanks, Rudolfo
Hi Rudolfo, I accept you beggarly that your balance as a abecedary were absolved from Social Security taxes, and that your Social Security retirement allowances are paid at a bargain bulk due to the Windfall Elimination Accouterment (WEP). If that’s the case, any conjugal allowances for which you would contrarily authorize would about absolutely be annual by 2/3rds of the bulk of your teacher’s pension. That’s because of the Government Alimony Annual provision, or GPO.
Whether or not you could authorize for conjugal allowances alike if GPO didn’t administer would depend on your and your wife’s primary allowance amounts (PIA). A person’s PIA is according to the bulk their Social Security retirement annual if they alpha cartoon at abounding retirement age (FRA). Aback you are already cartoon your own retirement benefits, your conjugal bulk would be affected by adding your PIA from 50% of your wife’s PIA. But if that bulk is absolute again GPO would acceptable abate the bulk payable by 2/3rds of the bulk of your teacher’s pension. I’m academic from the advice in your catechism that would acceptable abate your abeyant conjugal bulk to zero.
Since your wife was built-in afterwards 1/1/1954, she couldn’t book for conjugal allowances afterwards additionally actuality appropriate to book for her own Social Security retirement allowances at the aforementioned time. And aback her own PIA is allegedly able-bodied over 50% of your PIA, your wife could never authorize for conjugal allowances on your account.
As far as maximizing benefits, if sounds like alone your wife has any filing options remaining. If she wants to accept her accomplished accessible annual annual rate, she’d appetite to delay until 70 to alpha drawing. But she could alpha cartoon at her FRA of 66 & 2 months behindhand of how abundant she’s earning, or alike eventually if her balance are low abundant to acquiesce acquittal beneath the Social Security balance test. However, the eventually that your wife starts drawing, the lower her annual annual bulk will be. Best, Larry
If I Get Affiliated Will I Lose My Aback Pay?
Hi Larry, I had an advocate and fought my case for three years afore I was awarded Supplemental Security Assets (SSI) and aback pay for three years. They say I cannot get the agglomeration sum but they will acceleration it into 3 payments at 3 months, 6 months and final bulk at 6 months. They paid my advocate a agglomeration sum off the top. If I get married, will I lose my aback pay? Thanks, Erica
Hi Erica, You would not cost any of your aback pay if you get married, alike if your alliance causes you to be disqualified for continuing Supplemental Security Assets (SSI) payments. Best, Larry
Can My Wife Temporarily Stop Accepting Allowances In Order To Access Her Approaching Benefits?
Hi Larry, My wife and I both angry 66 in 2019. She started cartoon retirement allowances at 63, and I started cartoon conjugal allowances aloft extensive FRA aftermost year, intending to authority off until 70 to draw my own retirement benefits. According to an commodity I apprehend online, the advancement is fabricated that she can “temporarily stop accepting allowances [and] access the amount of [her] approaching benefits.” Is that alike accessible beneath the new SSA rules? Can she do this while I abide to accept conjugal benefits? This sounds a lot like what I’ve heard is the now abolished book and append strategy. Am I appropriate that that’s now no best an option? Thanks, Scott
Hi Scott, Your wife could voluntarily append her allowances amid now and 70, but if she does so you couldn’t be paid conjugal allowances while her allowances are suspended.
And the adeptness to book for and again append a retirement annual is in no way extinct, but abounding of the advantages to application that action were alone by the Social Security amendments anesthetized in 2015. One of those changes was to append payments to abetting beneficiaries (e.g. spouse, child) if the artisan on whose annual they’re cartoon allowances voluntarily suspends their benefits. Best, Larry