Dave Silver Insurance

It’s very important to set up an online account at SSA.gov.  Currently only about 40% of people set up an online account. The reasons why you should do this are: You can see what your estimate of benefits will be at age 62, full retirement age and at age 70. You can verify what your earning have been and see if what Social Security has is accurate. If there is a discrepancy, you can go down to your local Social Security office and dispute your earnings record for that year or years. (Call Social Security first and find out what documentation they will need to verify earnings, so you don’t waste trip down there. You may want to set up an appointment as well to make the best available use of your time) If you’re approaching Medicare, you can easily apply for Medicare online through your account on SSA.gov, if you are not already receiving Social Security benefits. If you are receiving Social Security benefits prior to age 65, you will be enrolled in Medicare automatically. It’...

Divorced spouses are able to collect Social Security benefits on one another.  The main criteria is that you were married for at least 10 years, continuously.   If you are divorced for less than 2 years, your ex- spouse (the one you will be collecting on) will need to be collecting Social security benefits in order for you to receive your benefits. However, if you were married for 10 continuous years and you have been  divorced for more than 2 years, your ex does not need to be receiving benefits AS LONG AS THEY ARE LEAST AGE 62,  in order for you to collect Social Security benefits.  If you are divorced for more than 2 years you will be deemed an “Independently Entitled Divorced Spouse”. If you and your ex-spouse were born before 01/01/1954, there are Social Security strategies that you can implement that will allow your Social Security to grow to age 70 and allow you to earn delayed retirement credits (DRC).  If you were born after 01/01/1954, this...

Children are entitled to Social Security benefits up to age 18 or up to age 19 if they are still in high school. They receive benefits based on the work record of the parent who is collecting Social Security retirement or disability benefits.  If the parent is alive they can receive 50 percent of the parent’s primary insurance amount (PIA) or if the parent is deceased they can collect 75 percent of the parent’s primary insurance amount. If you are a parent taking care of a child under age 18, the parent can collect Social Security benefits, irregardless of their age. The amount paid will be based on the earning record of their spouse.  This benefit will stop once the child reaches age 16. This is referred to as the “Child In Care Benefit”. The amount that the family receives is applicable to the “Family Maximum” guidelines set by the Social Security Administration. For help understanding your social security , contact an representative in our office.