Survivorsbenefits

Estimate For Your Survivors – SSA Statement

Last week I wrote that Social Security survivors benefits were not included in the original 1935 Social Security Act but were considered so important that they were created as part of the 1939 Amendments. This changed Social Security from a retirement program only for individual workers into the family-based economic security program we have today.…
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Survivorsbenefits

The Beginnings Of SSA Survivors Benefits

As of June 2016, approximately 10 percent of all Social Security retirement, survivors and disability monthly benefits are paid as survivors benefits, representing about 6,060,000 people of all ages across the nation. Breaking this down further, about 6.2 percent (3,766,000 people) of Social Security benefits are received by widows and widowers based on age and…
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Child_benefits2

Benefits To A Grandchild

The Social Security publication, Benefits for Children, mentions that grandchildren can sometimes receive child’s benefits. This is possible but not very common. Here are more details from the Social Security website, www.socialsecurity.gov. More and more parents are finding themselves raising grandchildren. Social Security will pay benefits to grandchildren when the grandparent retires, becomes disabled, or…
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Vol_Tax_page

Changing Your Voluntary Tax Withholding

Q: How do I change the amount of taxes withheld from my Social Security benefit? A: Taxes are not routinely withheld from Social Security benefits but you can request, change or end voluntary Federal tax withholding by completing IRS Form W-4V, Voluntary Withholding Request, and returning it to your local SSA office. Voluntary withholding is…
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SSA_credits

Do You Lose Social Security Coverage If Not Working?

Q: I have worked for years and, according to my Statement, have enough credits to qualify for Social Security benefits. Do I lose this coverage if I stop working? A: Work requirements are part of Social Security and credits, formerly called quarters of coverage, are the way work is measured to see if a person…
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