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| Subject: Social Security and Windfall Elimination Provisi | Date: 2/26/2006 9:06 PM | |
| Author: Fletch52 | Number: 84443 of 118626 | |
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Fools: I am not sure what board to post on so I will start here. It is cross posted on LBYM board as well. I was playing with some of the social security calculators this weekend. One item that popped up although I had already read about it was the WEP (Windfall Elimination Provision). People who will have a pension provided by income not subject to social security taxes (such as some government workers or those from a foreign country) will find that upon retirement they will not receive all the social security that they would otherwise be entitled to due to this provision. I fall in this category as I am from Canada. I was also reading in the FAQ section that spouses can take the higher of their own social security of 50% of what their spouse qualifies for. As my DW will have worked longer and made more money than I have in the US her social security will be larger than mine. My question is if I qualify for 50% of her monthly benefit will the Windfall Elimination Provision remove a portion of that benefit. Does anyone know the answer. |
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