Help me understand social security

C

czygvtwkr

Guest
Ok here is the deal. My mom just received her statement that says if she quits working now she will get $247 a month if she starts receiving benefits at 62. She was a stay at home mom for most of her years.

Just before my dad died he was declared disabled and was getting $1700 a month (he was 55).

The way I understand it my mom can draw on his benefits at age 60, at about 70% of his benefit. Does this also mean at age 62 she can start drawing her benefit of $247?

Am I on target or totally off base?
 
willie

willie

Well-Known Member
czygvtwkr said:
Ok here is the deal. My mom just received her statement that says if she quits working now she will get $247 a month if she starts receiving benefits at 62. She was a stay at home mom for most of her years.

Just before my dad died he was declared disabled and was getting $1700 a month (he was 55).

The way I understand it my mom can draw on his benefits at age 60, at about 70% of his benefit. Does this also mean at age 62 she can start drawing her benefit of $247?

Am I on target or totally off base?
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One or the other. Not both. The Survivors benefit is by far the way to go. The salary she gets from her job will affect the benefit amount.
 
C

czygvtwkr

Guest
Ok, is that 70% of his when she is 60 about accurate?
 
C

czygvtwkr

Guest
Thanks for the help.

I have always been a critic of social security but I have to say for my mom its a pretty good deal. Even my dad's benefit was a pleasant suprise.
 
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