• Skip to content
  • Skip to primary sidebar

Header Right

  • Home
  • About
  • Contact

Social Security Strategies

Social Security Survivor Benefits

January 19, 2020 by Aryeh Levy

Various benefits are available under the Social Security Laws to the survivors of a deceased worker who, at death, had enough credits and was fully insured.

 

At what age can a widow or widower collect? Widow’s or widower’s benefits, albeit reduced, are available when the surviving spouse reaches age 60, provided the widow or widower has not remarried before age 60. If the surviving spouse is disabled, benefits are available at age 50. If a widow or widower is receiving benefits based on the Social Security earnings of his or her late spouse, that widow or widower may, at a later date, switch to his or her own retirement benefit as early as age 62. This would make sense if the widow or widower own retirement benefit was of a greater amount than the survivor’s benefit.

Are survivor benefits available to divorced spouses? Survivor benefits are also available to divorced spouses, following a marriage to the now deceased worker that had lasted at least 10 years. Remarriage may disqualify the widow or widower from survivor benefits under certain circumstances. The amount of the benefit is pegged to the deceased worker’s “primary insurance amount” (PIA) rather than the widow’s or widower’s. The PIA is the benefit a person would receive if he/she elects to begin receiving retirement benefits at his/her normal retirement age.

Do the minor children of a deceased employee and dependent parents have benefits? Survivor benefits are also available to minor children of the deceased worker if they are in elementary or high school, but not college. Survivor benefits may be available to elderly (age 62 or older), dependent parents of a deceased worker if they do not have meaningful Social Security Benefits of their own. A family maximum benefit generally applies.

Surviving spouses, children and parents are entitled to various substantial benefits depending upon the specific circumstances. Urbach & Avraham, CPAs’  partner, Aryeh Levy, specializes in maximization of one’s Social Security benefits.  Please contact us for a consultation regarding your situation.

 

Filed Under: DIVORCE FORUM, ESTATE, TRUST, GUARDIANSHIP, Income Taxes, LITIGATION SUPPORT, TAX TIPS FOR INDIVIDUALS, Taxes, Taxes Tagged With: Social Security Strategies

Seminar on Social Security Strategies

January 3, 2020 by Pamela Avraham

              Urbach & Avraham, CPAs

INVITES YOU TO a COMPLIMENTARY SEMINAR on
“Social Security Income Maximization Strategies”
Don’t Leave Money on the Table!
For your convenience, the same workshop, given at two different times

Tuesday evening, Jan 28, 2020 from 6:15 pm to 7:45 pm
Thursday morning, Jan. 30, 2020 from 8:15 am to 9:45 am
At 1581 Route 27, Suite 201, Edison, NJ 08817

As a service to our clients, we are pleased to host guest speaker,

Ash Ahluwalia, MBA, CFP, NSSA, CSSCS

Ash will discuss:
• How to maximize your Social Security income
• How the “new rules” may affect your benefits
• How to minimize taxes on Social Security benefits
• Strategies to maximize spousal, divorce and survivor benefits

Ash Ahluwalia is the President of NSSP, the nation’s leading Social Security planning firm. In addition to two designations in Social Security planning, Ash has an MBA from Wharton Business School, a Certified Financial Planner (CFP) designation and a Charted Accountant (CA) designation.

Space is limited. Please RSVP to Pamela at pma@ua-cpas.com

Bagel breakfast will be served and light snacks for evening session

Filed Under: BUSINESS FORUM, DIVORCE FORUM, TAX TIPS FOR INDIVIDUALS, Taxes, Taxes Tagged With: Social Security Strategies

Primary Sidebar

Search

Category

  • Alimony
  • Alternative Dispute Resolution
  • Alternative Dispute Resolution
  • BUSINESS FORUM
  • Business Valuations
  • Business Valuations
  • Business Valuations
  • Diversion of Assets
  • DIVORCE FORUM
  • Elder Care
  • Employee Classification
  • Estate Taxes
  • ESTATE, TRUST, GUARDIANSHIP
  • Financial Abuse of Elderly
  • Fraud
  • Guardianships
  • Hot Topics
  • Income Taxes
  • Income Taxes
  • Joint Accounts
  • LITIGATION SUPPORT
  • Management
  • MEDICAL PRACTICES
  • NJ Assistance
  • Non-Profits
  • OSHA Requirements
  • Overtime Pay
  • Payroll Taxes
  • Property Settlement Agreements
  • Sales Tax
  • Social Media
  • STAFFING AGENCIES
  • Tax Fraud
  • TAX TIPS FOR INDIVIDUALS
  • Taxes
  • Taxes
  • Taxes
  • Taxes
  • Uncategorized
  • Unreported Income
  • Wage & Hour Violations
  • Wills- Probate

Copyright © 2020 · https://www.ua-cpas.com/blog