The Benefits Blog
The Benefits Blog provides expert insights, updates, and strategies on Social Security and Medicare, tailored for financial professionals looking to enhance their knowledge and better serve their clients. Stay informed with the latest developments and tips to maximize benefits for your clients.
Earnings Limit and Widow(er) Benefits: What You Need to Know
Sep 16, 2020
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We have a client who is 61 and was recently widowed. She is still working, and not sure about her official retirement. Can you refresh my memory on how they rectify benefits if she begins collecting and then exceeds the earnings limit? I seem to remember it eventually being adjusted for any months ...
Will a Survivor Government Pension Affect Social Security Benefits?
Sep 08, 2020
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I believe that I am WAY overthinking this, but I have a situation where a client (John) is collecting a government pension of $90k/annual – no SS benefits, a government job his whole life. Hi spouse (Jane) worked and is collecting SS of $2,300/month. There is a survivor benefit payout of 60% for th...
Understanding Retroactive Social Security Benefits and Why They May Not Be Offered Automatically
Aug 05, 2020
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I applied for benefits in December, 2023 at age 68. A friend turned 67 on January 23rd, 2024. He will pull his SS shortly; however, he will receive a lump-sum payment of $15,000 for 6-months of Retroactive Benefits. (Marc – Not sure if 6 months is available as retro period cannot precede FRA.) My...
What Happens to Medicare Premiums If Social Security Benefits Are Withheld?
Jul 08, 2020
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We have a client who is planning to go back to work and will be earning over the limit for the annual earnings test. He understands that SSA will reduce his benefits in the first months of the calendar year based on the estimated earnings he reports. His question to me is what happens with his Medic...
How VA Disability Benefits Affect Your Social Security Payments
Jun 10, 2020
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The VA has determined that I am now entitled to disability benefits as a result of my service in Viet Nam. My question is how these new benefits will affect my current payments of Social Security Benefits. Currently my monthly benefits are; Social Security monthly payment $3,600.90 minus my medica...
Filing Social Security Benefits as a Divorced Spouse
Jun 01, 2020
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It’s been several years since I’ve had a divorcee! Since the rules changed regarding spouses where one cannot file and suspend and must file for benefits for the other to file on their record, does the same hold true for ex-spouses? Are there any other requirements that I should know about?
For div...
How to Correct a Social Security Card with an Incorrect Middle Name
May 01, 2020
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A woman who is about a year out from collecting Social Security had a problem of her own making when she was a young girl. When she was in school, they handed out the forms in Catholic Schools to apply for a Social Security card. Her parents had never given her a middle name, and having gone to Cath...
Dealing with Double Medicare Billing After Starting Social Security Benefits
Apr 03, 2020
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I have a client who began her benefits in September, with her first check being this month. Prior to receiving SS benefits, she was paying for Medicare via check. She paid for her November benefits this month but received her statement from Social Security and they are withholding Medicare payments ...
When Should a Spouse Start Drawing Social Security? Understanding Spousal Benefits and Widow Benefits
Mar 25, 2020
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Client – I’m trying to figure out when we should think about Katie starting to draw a social security. I’m now 70 and have started drawing (I delayed until I reached 70) and she’s now 64 (Date of Birth: 8/18/1959). If she were to file at her full retirement (which would be at 66 years and 10 months ...
Is Tax Withholding Required on Social Security Benefits?
Jan 29, 2020
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