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Social Security for Dependents

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Understanding the social security rules involved when it comes to helping to provide support for your family could be invaluable to your dependents. Social security benefits for dependents could help provide an added level of financial support to the family of an eligible worker. Those benefits can be for dependent children or could provide a disabled child benefits that might be otherwise unavailable. Social security even has a safety net for dependent parents. If you have people who are dependent upon you for their continued well-being, it is important to understand what benefits may be available to them. Check out the video for more!
For more info:
Children: www.ssa.gov/pubs/EN-05-10085.pdf
Children with Disabilities: www.ssa.gov/benefits/disabili...
Medicaid & disabilities: www.macpac.gov/subtopic/peopl...
Parents: www.ssa.gov/pubs/EN-05-10036.pdf
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DISCLAIMER
**Investment advisory services offered through Foundations Investment Advisors, LLC, an SEC registered investment adviser.
All episodes recorded prior to August 16, 2023 were recorded while we were registered at a previous RIA. Talk to your financial professional and your tax advisor about how Social Security benefits can fit into a complete retirement income strategy. Our firm is not affiliated with the US government or any governmental agency. The information and opinions in these videos are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Advisors Excel. They are given for informational purposes only and are not a solicitation to buy or sell the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice to meet the particular needs of an individual's situation. 01007801 08/21

Опубликовано:

12 авг 2021

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Комментарии : 5

@jerrylockhart3069 6 месяцев назад

❤😊

@user-yk8ji6bl8k 2 месяца назад

I will be 62 years of age and I have an 11-year-old child and 9 year old child will they get the benefits and do they need to pay those back I heard that I need a bank account for them can you explain a little bit what I need to do or who do I need to call to find out these questions thank you very much😊

@irisechavez7048 4 месяца назад

Can my son eligible for stepchild benefits from my late husband? My husband is an ssa monthly retirement beneficiary. My husband passed away last year.

@ntxhaispaaj Год назад

What evidence does SSA need for proof of half of income support for parent dependents?

@TheK9Shepherd 8 месяцев назад

They need to apply at the SS office for this benefit. SS office will require a birth certificate, that should be it. If it's just a simple minor under the age of 18 and you are receiving retirement benefits. Also your kid gets up to 50% of your FRA at 67 Even if you start receiving SS at the age of 62, they get 50% of what you'd get at 67. I also heard something else that'll have to be verified. The Gov can ask for the entire amount back when the child stops receiving the benefit. I believe it has to do with where that money gets deposited. The child must "own" the account 100% The parent can be the "custodian" of the account. But if you are having their SS deposited into the parents account or even just a joint account, the Gov can get that money back (legally) But verify that info. Could be for disabled children only? not sure. But it's simple to just get an account owned by the child and you are custodian @@@@@. CORRECTION The IRS can ask for any of the unspent money back if it’s not in the correctly named bank account