Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (34) | Ignore Thread Prev | Next
Author: BruceCM Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Social Security Income/Benefit Date: 10/18/2013 2:32 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Cb
I'm on the road through the weekend so don't have much time to do research.

Just out of my back pocket, the numbers you've shown from your page at the SS web site don't sound right. The rules clearly state that caretaker and eligible children are 50% of PIA, and PIA is defined as your benefit at FRA. According to SS, the max benefit for 2013 is about $2550, as I recall. So I have no idea how they came up with $1,948 per child and caretaker spouse (which would mean a PIA of about $3,900/mo) or a PIA of about $2,600 for your spouse at FRA....unless they grew your current year survivor PIA at inflation for the next 27 years.

If this is important to you....as it sounds it might be....you might want to call your local SS office and make an appointment to go in and talk to a benefits advisor. I've had several clients do this, who have been happy with the information they were provided and the way it was explained to them. But be advised....beginning last year was the first year of eligibility for the median age baby boomers (1949 birth year) and so most offices have been very busy.

If you find out, please post back, as I'd be interested in seeing what they say.

BruceM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (34) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement