Social Security: Understanding Your Statement

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Social Security statements are the most valuable document when it comes to understanding your benefit. Hans goes over his statement and the important information you can find on yours!
Read more about your Social Security statement here: www.cardinalgu...
Questions? Email us at Hans@CardinalGuide.com, call us at (919) 535-8261, or visit our website at CardinalGuide.com.

Опубликовано:

14 окт 2024

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Комментарии : 10

@norm4332 3 года назад

My projected retirement is 3,005 at 66.8 and my wife's is scheduled to make 2,007. The statement that I downloaded online states that Total Family benefits cannot be more than: $5,092. Does this mean that we are capped at that amount which would mean there is no benefit to working past FRA?

@norm4332 3 года назад

Nevermind. That cap is for Survivors Benefits.

@rickdunn3883 Год назад

For those of us who are older than 62 but not 70, and have not started SSI: what cola is included in the FRA PIA. In other words, for my statement dated December 2022, would that include the COLA announced in October of 2022?

@CardinalAdvisors Год назад

It does not include the 2023 cola announced in 2022. If you go online and run it now, it will reflect the 2023 increase

@bableroybrown1 Год назад

My wife die at 70 year old and 77 can I draw her check and min too as widower

@CardinalAdvisors Год назад

You can collect the larger of the 2 but not both

@maryannchandonnait8094 3 года назад

I don't think your wife can get half of your ss when she reaches full retirement age unless she was born in 1954 or earlier. The government phased that option out. I'm 68 now and my full retirement age was 66. I started receiving half of my husband's a couple of years ago. Waiting till I'm 70 to get my SS check.

@CardinalAdvisors 3 года назад

Maryann The SS administration phased out file and suspend a few years ago. My wife’s own benefit is about $400 a month at full retirement. Her spousal benefit (50% of my FRA benefit will be about $1750). We do this or plan spousal benefits for people all the time. My wife didn’t work at a job much once our children came along.