Social Security And Other Government Benefits Flashcards
When can an ex-spouse receive Social Security Benefits based on their ex’s earnings?
- Married 10 years or longer
- Ex is eligible for social security
- Own earnings are not greater than half of ex’s
- Age 62 or older
- Not currently married
True or False:
Receiving social security benefits based on the ex’ earnings reduces the amount the ex receives by half?
False
True or False:
You are not eligible to receive earnings on your ex’s earnings until they begin receiving social security benefits?
False
You can begin at age 62
When can an ex-spouse receive widow’s social security benefits based on their ex’s earnings?
- Married 10 years or longer
- Ex was eligible for social security
- Own earnings are not greater than half of ex’s
- Age 60 or older
- Not currently married
True or False:
A widow’s remarriage after age 60 will not prevent them from being entitled to widow’s benefits on their prior deceased spouse?
True
True or False:
The offset for a government pension that is not covered by social security is a reduction of $2 for every $3 of the government pension
True
Social Security - (2/3 x pension)
Social Security Tax Maximum Income
$168,600
When can you start collecting your own social security benefits
Not until age 62
What is the penalty for not providing your social security number for spousal support or other support
$50
Monthly social security deduction calculation
(Gross salary x 26) /12 x 6.2%
Spousal social security
Half of ex-spouse benefit