Do my survivor benefits decrease if claimed early?
Just like with most other situations, your benefits increase in value until you reach the legal, full retirement age. If you want to collect your deceased spouse’s benefits at 60 years old, for instance, you will only get 71.5% of the benefits. This percent increases every month you get closer to your full retirement age.
Important: If the deceased person reduced their retirement benefits, your survivor benefit will be calculated based on that amount. This way, you may be eligible for the full amount of benefits before reaching your retirement age.
3 thoughts on “Top 7 Important Social Security Questions Answered for You”
How can I get a grant to help me with medical bills, meds and household exp. ,like food utilities etc.
I filed for ssi in 2017, l was layed off my job in 2016. I made a horrible choice due to depression of losing my job and withdrew funds from my 401k and paid my house off. I turn 65 this year and received letter from ssi saying l would be charged $458.00 a month for medicare based on my 2016 tax return, l cannot afford that. I appealed, went to the ssi office and was told it would be based on my 2017 tax return, but yesterday received a letter stating l would still be charged the $458.00, what can l do now to get the to readjusted based on my 2017 return?
I receive about $620 a month in S.S. From that $83 is taken out for Medicare, which I need desperately. I have an 11 yr old daughter who is in custody of my mother. I want to earn more money and have custody of her one day… I was wondering how much I am permitted to earn each month? Also I need a free, or affordable secondary insurance if possible… I want to take care of my health and find an affordable place of my own. In the long run, I want to become successful enough to not have to rely on S.S. Thank you for your time, I look forward to a response.