If I draw $1200 in Social Security and my wife draws $3000 in Social Security benefits, would I be eligible for her benefit of $3000 if she dies first?

Asked by jt.gaffney

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Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi jt.gaffney
The maximum monthly Social Security benefit payment for a person retiring in 2016 at full retirement age is $2,639. However, the maximum allowable benefit amount is only payable to those who had the maximum taxable earnings for at least 35 working years.

The monthly amount you would get is a percentage of the deceased's basic Social Security benefit. It depends on your age and the type of benefit you would be eligible to receive.
See more info at: https://www.ssa.gov/planners/survivors/ifyou5.html

You can also contact us directly to discuss in greater detail. No obligation.
It's not what you make; it's what you keep that determines your lifestyle. | 09.07.16 @ 20:37
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$commenter.renderDisplayableName() — {comment} | 12.03.16 @ 00:19
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Answered by Duzer50
I applied for SS when I was 62 but was not eligible due to income. When I reached 66 they told me I had to wait an additional year to receive the full amount due based on my current income. They started paying me as if I were 62. Is this correct? | 09.17.16 @ 13:31
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$commenter.renderDisplayableName() — {comment} | 12.03.16 @ 00:19
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