Posted on 06/05/2010 4:32:58 PM PDT by Libloather
6 ways to get more Social Security
Marriages -- even former ones -- can have significant financial advantages. Here's a look at how having said 'I do' can win you more in retirement benefits.
By U.S. News & World Report
Couples who are currently married, or who have stayed together at least 10 years, tie together their working records -- and the resulting Social Security checks -- as long as they both shall live.
In the case of Social Security payments, the result is often better for the couple than it would have been for a single person. Spouses have Social Security claiming options that single people don't. Here are a few ways couples can boost their Social Security benefits:
1. Utilize spousal payments. Spouses are entitled to a Social Security payout of up to 50% of the higher earner's check (if that amount is higher than benefits based on his or her own working record). Retired couples in which one spouse didn't work or had low earnings have the most to gain from this provision.
(Excerpt) Read more at articles.moneycentral.msn.com ...
Actual headline @ MSN.com - 6 Sneaky Ways to Get More Social Security
Sneaky you may believe - but it is still all legal.
As for myself, none of it will benefit me; I’m lifelong single, no dependents. By the time I reach 70-years old, SS probably won’t even exist any longer.
I'm 59 and retired....would you marry me? I'll sell my house and all my belongings and we can start our life together somewhere in the Caribbean..........
The only thing 'sneaky' is the title.
Everybody Get Some!
- official motto of the Obama Administration.
Will you marry me?
Awwwwwwww. Free Republic is better than eHarmony.
2 proposals. Don’t you feel luuuuuuved????
Looks like you gotta wait in line dude..........
I made her my offer, what was yours???????? NADA!
LOL!!! however,, she has not answered anyone yet... I think she means to be life long single,,,like me... Thank god for girlfriends with benefits ;-)
-File at age 62, bank/invest all your benefits until age 70.
-Withdraw your retirement claim and repay the benefits you drew between age 62 and 70.
-Then refile for benefits at age 70 & your benefit will be significantly higher. Basically you were receiving a zero-interest loan from SSA for 8 years which you have invested.
Lets not forget that these are the people who paid into the system, many for their entire lives.
It was Washington DC that pissed it all away.
She doesn't HAVE to live with me ...
... see, that's better than LIVING with YOU.
ROFL! You all are so funny!
That is so-o-o sweet of you! But sorry, Tabasco - I’m into mayonnaise.
I have 9 cats - and 4 are pregnant.
Think again.
having 23 different social security numbers can also be a big win.
especially when you want to collect unemployment or social security benefits
And NOT necessarily WILLINGLY!!!
Back to the Love thread Boat. :)
Are you serious? You can actually do that? Why on earth would you be allowed to do that? You can do that? Really?
Illgeal aliens and recent third world “immigrants” are milking the “system” far more than most Americans.
Well, at 35 I can pretty much guarantee that these loopholes will be eliminated long before I qualify to collect anything. In fact, I heard a story of FOX yesterday where it was predicted that if social security remains unchanged it would take a federal income tax rate of 65% to continue to pay all benefits in 30 years.
You can say that again.
Not for long. Obama will get that retirement too. You'll be back at work within a year. LOL!
No, the next day you'll have the interest on 8 years of SSA deposits -- not $0. And a larger monthly check starting now.
Of course, it is a gamble ...like most things in life.
I don't care what you look like.
You're only saying that because I kicked YOU out after only 4 days..........
Do I need to bring up the 24/7 diet of Budd and pizza and your other obnoxious habits????????? I promised you I wouldn't even go there if questioned................so let it go.
I look toward the promoters with disdain, democrat politicians looking for personal gain, the illegals are just political pawns looking for a handout.
My divorced 77-year-old mother-in-law considered marrying a widowed high school schoolmate, but the gov’t made it too expensive, so they’living in sin.
I'm thinking really, really hard and I can't for the life of me recall I ever met even one of your cats..........
Kitty litters.
;-)
Well ... at least I don't wear the same Cheeto stained tee shirt for weeks on end. And... did take out the trash once a month ... YOU are obnoxious ... CLEAN YOUR CAT'S LITTER BOX YOU SLOB ...
Who needs SS with Obama care? /s
Here’s another one...hire a shyster lawyer and claim some sort of “disability.” The Social Security Administration will reject your initial claim (and probably the second one as well), but if you stick with it, the judge will approve your claim on the third or fourth try. And, in most cases, they backdate the award to the date of your initial filing. So, you’ll start off with “back” benefits of three or four years.
To be fair, there are many who are genuinely handicapped and rely on SSI to survive. But there are plenty of fakers, malingerers and utter frauds who collect benefits for years. I know a guy in Mississippi, early 30s, who draws more than $700 a month for an “anxiety” disorder. He still finds a way to work another job—paid in cash—so he can milk the system for other benefits as well. He’s also fathered three kids by two different women, and they’re wards of the state as well.
To be sure, no one’s getting rich off SSI. But multiply these fraudulent claims by a few million, and you can see how much money is thrown out the window each year.
And BTW, I turned in the Mississippi fraudster a few years ago. After a cursory check by the SSA, he kept his benefits.
More bad news is that you end up croaking at age 69. So sorry, may I help the next in line, please.
The new American career - maximizing government benefits. Kind of like welfare except for everyone.
I will after you come and get your damn cat and her kittens before I eat them............
By the way, I put the dirty laundry you left behind in the garbage and the garbage guys had to call a HazMat team to come and pick them up..........
Well I happen to like cats and I waited till 68 to start drawing...makes a HUGE difference in the monthly check etc
So, lets set a date...also, notice everyone must be series because no one has demanded a picture....<: <:
SSI has replaced welfare...There are more people under 62 there than old people
.There are more people under 62 there than old people
- - - - - - - - - - - - - - - -
Amen. Sure is sickening. I’ve been paying into the system for nigh on to 57 years and now they want me to ‘feel guilty’ for taking back what they FORCED me to give them.
Yes, I probably have or at least will get more back than I put in, but I didn’t make the rules....
Besides for being Self Employed for a good # of years and hiring others, I have put a lot more back into the system also plus for all those years I was ineligible for the basic elements offered to the working class...
There was a great article by Charlie Reese couple of weeks ago with the basic title 545 VS 300 million and he ‘scolds’ US for letting a handful of people control our lives the way they do and they continue to blame us and tell us how bad each other are but continue to hold hands and manage to ‘keep us under control’.
http://www.theabsurdreport.com/2009/545-people-vs-300-million-by-charlie-reese/
thanks, that’s a good one to pass around again!
but if you file at 62, you are then limited in the amount you can make while you keep working?? or is this strategy just for those who aren’t working anymore??
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...yes, this years limit is $14,680, if you are under age 62 ... If you are 66 or older --no limit.
This only works for you if you are NOT working for substantial wages between 62 and 66 ...
Yep...you should see my neighbors house, and their two new vehicles...she’s on disability..(but hand mows lawn, hand washes cars, works in her garden) plus she works for pay on some sort of computer thing she does.
He on the other hand was in auto accident, and now he is on disability and working a job under the table.
Lawn is groomed to the hilt and new deck on the house...both have new vehicles as well..and new garage to house them in...
Needless to say I have nothing to do with those folks at all.... my disgust is so great. I hear someone turned them in but there was no follow up...and so it goes.
You are only limited for 6 months...thenthe skys the limit.
ah, so I could choose this option but would be dead from starvation before I could game it.... :)
Thanks, LIK...and all of you, don’t forget!
....millions of welfare ‘clients’ and illegal immigrants and Aunt Zietuni are depending upon us to keep working for their ‘rightful share’.....
http://www.bostonherald.com/blogs/news/lone_republican/?p=930&srvc=home&position=recent
“You are only limited for 6 months...thenthe skys the limit.”
WHAT? WHAT? After age 62 you are restricted to an annual income of 14,xxx.00 and then after 6 months, the sky’s the limit on what you can earn?? Now THAT would be really gaming the system nicely...
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