Q. I have been collecting social security disability now for more than a decade. I understand that my benefits will be transferred to retirement benefits from Social Security at retirement age. However, I am not entitled to pension benefits because I was not able to work due to my disability. Will I lose it when I reach retirement age? I’m turning 64 this year and my husband’s turning 80.
A. That’s a good question.
But just calm down. Although your benefits will change, you will not lose them.
If you do not qualify for a benefit based on your earnings history, you will qualify for a spouse benefit based on your man’s earnings, said Jody D’Agostini, a Certified Financial Planner with Equitable Advisors / The Falcon Financial Group in Morristown.
“The amount you want to collect depends on when your husband made claims and when you make claims. You will receive half of the amount she said. “The maximum amount you can receive occurs if your husband waited to collect his benefit until his full retirement age.”
If your husband falls for you, you will recover full amount which he collected at the time, D’Agostini said.
Mail your questions to [email protected].
Karin Price Mueller writes Confused column for NJ Advance Media and is the founder of NJMoneyHelp.com. Follow NJMoneyHelp on Twitter @NJMoneyHelp. find NJMoneyHelp on Facebook. sign up NJMoneyHelp.com‘s weekly e-newsletter.