Forums46
Topics538,387
Posts9,736,586
Members87,089
|
Most Online25,604 Feb 12th, 2024
|
|
|
Social Security Benefit for children - When you take retirement and start drawing SS
#9003183
02/10/24 03:18 PM
|
Joined: Sep 2004
Posts: 12,430
RedRanger
OP
THF Celebrity
|
OP
THF Celebrity
Joined: Sep 2004
Posts: 12,430 |
If you retire at age 62 and take early social security, your child if under age of 18 will receive half of your full retirement amount
What happens if you have more than one minor child? Is the benefit still 50% per child?
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: RedRanger]
#9003188
02/10/24 03:24 PM
|
Joined: Oct 2013
Posts: 716
upsslim
Tracker
|
Tracker
Joined: Oct 2013
Posts: 716 |
I don't know about more than one. Your wife will also get the same amount until the child turns 16. At 16 the wife loses hers and the childs amount goes up. This helped me retire at 62.
East Texas Patriot Guard Rider Flag Captain
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: RedRanger]
#9003193
02/10/24 03:37 PM
|
Joined: Sep 2007
Posts: 7,636
Nathan at Fork
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Sep 2007
Posts: 7,636 |
You still only gst an extra 50%, each child gets 25%
Last edited by Nathan at Fork; 02/10/24 03:38 PM.
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: RedRanger]
#9003204
02/10/24 03:59 PM
|
Joined: May 2009
Posts: 24,394
dkershen
Rev Dave
|
Rev Dave
Joined: May 2009
Posts: 24,394 |
I turn 62 this year. Told the wife we need to have a rugrat so we can cash in on this. She’s not on board.
To be sure of hitting the target, shoot first and call whatever you hit the target.www.NewHopeEquine.com - Health and Healing through Horses.
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: dkershen]
#9003226
02/10/24 04:19 PM
|
Joined: Jan 2011
Posts: 65,537
SnakeWrangler
THF Celebrity
|
THF Celebrity
Joined: Jan 2011
Posts: 65,537 |
I turn 62 this year. Told the wife we need to have a rugrat so we can cash in on this. She’s not on board. No way in hell I’d be on board with that either….I’ll be 62 in three years and am counting the days….
I believe in science and I’m an insufferable [censored] Actually, BBC is pretty damn good "You Cannot Simultaneously Be Politically Correct And Intellectually Honest!"
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: RedRanger]
#9003228
02/10/24 04:20 PM
|
Joined: Feb 2012
Posts: 10,513
DQ Kid
THF Celebrity
|
THF Celebrity
Joined: Feb 2012
Posts: 10,513 |
My understanding is that it stops at the sooner of SS recipient hitting full retirement age, 66/67 or Kid turning 18
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: dkershen]
#9003229
02/10/24 04:20 PM
|
Joined: Oct 2012
Posts: 25,348
Creekrunner
THF Celebrity
|
THF Celebrity
Joined: Oct 2012
Posts: 25,348 |
I turn 62 this year. Told the wife we need to have a rugrat so we can cash in on this. She’s not on board. I'm 63. 'Love my grandchildren and they are better behaved than a lot of kids. Still, I have the energy to keep them for about 4 hours, if there's more than one, and then I'm looking for Momma to get 'em.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: dkershen]
#9003233
02/10/24 04:22 PM
|
Joined: Feb 2012
Posts: 10,513
DQ Kid
THF Celebrity
|
THF Celebrity
Joined: Feb 2012
Posts: 10,513 |
I turn 62 this year. Told the wife we need to have a rugrat so we can cash in on this. She’s not on board. The key is picking a hot, young surrogate to carry your seed spawn Dave! That will surely get her on board, maybe even suggest no invitro, lol....
Last edited by DQ Kid; 02/10/24 04:23 PM.
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: RedRanger]
#9003319
02/10/24 06:51 PM
|
Joined: Sep 2013
Posts: 489
Uncle Zeek
Bird Dog
|
Bird Dog
Joined: Sep 2013
Posts: 489 |
If you retire at age 62 and take early social security, your child if under age of 18 will receive half of your full retirement amount
What happens if you have more than one minor child? Is the benefit still 50% per child?
There's a family maximum of benefits payable for a given wage earner. Don't remember off the top of my head, but it's something like 150% of the wage earner's benefit. For example, a divorced spouse of the worker might draw 75% and the worker's child might draw another 75%
"Decency is not news; it is buried in the obituaries - but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate, probate & taxes 2250 Morriss Road, Suite 205, Flower Mound, Texas 75028 972-746-0758 work zac@artimlegal.com
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: DQ Kid]
#9003331
02/10/24 07:13 PM
|
Joined: Mar 2013
Posts: 5,041
jetdad
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Mar 2013
Posts: 5,041 |
My understanding is that it stops at the sooner of SS recipient hitting full retirement age, 66/67 or Kid turning 18 Not correct. My kids drew on mine and I didn't start drawing until full retirement age of 66 1/2. They got the benefit until they were 18 AND continued until out of high school. I did not put a pencil to the % of my amount. I was surprised and didn't know until a SS person told me it was available and signed the kids up.
|
|
|
Re: Social Security Benefit for children - When you take retirement and start drawing SS
[Re: RedRanger]
#9003418
02/10/24 10:11 PM
|
Joined: Sep 2007
Posts: 7,636
Nathan at Fork
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Sep 2007
Posts: 7,636 |
It doesn't stop at 18, if they are in High school you can file a certification of enrollment to keep it.going.
|
|
|
Moderated by bigbob_ftw, CCBIRDDOGMAN, Chickenman, Derek, DeRico, Duck_Hunter, hetman, jeh7mmmag, JustWingem, kmon11, kry226, kwrhuntinglab, Payne, pertnear, rifleman, sig226fan (Rguns.com), Superduty, TreeBass, txcornhusker
|