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What happens if you marry while receiving Social Security Benefits?
Generally, you cannot get widow's or widower's benefits if you remarry before age 60. But remarriage after age 60 (or age 50 if you are disabled) will not prevent you from getting benefit payments based on your former spouse's work record. And at age 62 or older, you may get benefits based on your new spouse's work, if those benefits would be higher.
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If income is earned in the year of full retirement age, the 2008 income threshold is $36,120. If income is earned prior to the year of full retirement age, the 2008 inco…me threshold is $13,560. After those thresholds are reached, social security benefits are reduced. The excess earnings reduction is $1 of Social Security benefits for every $2 of earnings over the lower threshold for people who are not yet in the year they reach full retirement age. In the year a person reaches full retirement age, the excess earnings reduction is $1 of Social Security benefits for every $3 of earnings over the higher threshold. During the month of reaching full retirement age and thereafter, beneficiaries can earn an unlimited amount without a reduction in their Social Security benefits.
i have social security disabiliy now and now my husband is needing to file. If he receives SSD will his affect mine. And we have been married for four years.
What happens if I marry while I am receiving social security disabilty
Yes. Each spouse receives his or her own benefit check/deposit, calculated from his or her own work record (or up to 50% of the spouse's benefit if one person hasn't earned su…fficient work credits).
You may apply for Social Security Disability Benefits. They will then determine whether or not you are qualified. Just because you are currently out of work certainly does… not mean that you are qualified. If you were just working fairly recently, I can tell you that you will probably be denied.
Yes. It has been found, however, that for some reason some states (Virginia, for example ) reduce the amount of your unemployment compensation by the amount of your SS, which …they should not because they are 2 separate and distinct programs that have no bearing on the purpose of each other. You should check with your own state for its handling of the matter.
They remain in the Social Security fund to be paid to other beneficiaries.
Yes, and in any other investment, since SSDI is simply accelerated Social Security Benefits you would be entitled to due to your work history and the fact you paid taxes durin…g your working career. The SS administration simply estimates what a disabled person would get at full retirement age had they not been disabled and pays the benefit to the disabled person when they qualify as disabled. So, the money is up to the recipient to do with as they please and has nothing to do with checking accounts or savings account or any other assets. SSI benefits, confused with SSDI, is "needs based" and IS affected by a low-income persons assets.
Yes. However, 3 states will offset your unemployment benefits by 50% of the amount of your Social Security payments (Illinois, Utah, and Virginia).
For the year 2010, if you did not reach your full retirement age, they will deduct $1 from your benefit for every $2 earned over $14,160. If you reach full retirement in 2010,… they will deduct $1 for every $3 earned over $37,680 (earned by the month before your birthday). After your full retirement birthday, you can earn an unlimited amount any time after your birthday. See the Related Link below for full details.
You can receive social security benfits at the age of 65 or if you were born after 1959, 67. This is said to possibly increase with the increasing number of older individuals …in our country and the dwindling number of younger individuals putting money into social security.
No cap. Your savings are not a factor in receiving social security benefits. After all, the government is simply returning YOUR money that you paid into your whole working lif…e.
You are supposed to be too disabled to work