Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (34) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: pinw Two stars, 250 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: 10/16/2013 11:52 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
The statement says stuff like "upto" $1600/month per child, "upto" 1600 for spouse caring for child, and 'max benefit' of $4356/month per family.

Each child under 18, or still in high school if 18, gets $1600 per month. Spouse gets the same if caring for a child under 16. The up to part simply means that if there is one child and one spouse, they each get $1600. If there are three or more, each gets a prorated amount so that the total does not exceed the max benefit. So two kids and mom would each get $1452 until both kids are 16. If there were three kids, each would get $1452 and mom would wait until one of them turned 18.

By the way, the same thing applies if you reach SS retirement age and have kids under 18.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (34) | Ignore Thread Prev Thread | Prev | Next | Next Thread

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.
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