The article presents questions and answers related to Social Security benefits for children in the U.S. including the need to review the benefits of children when a parent turns 62, the transfer of individual retirement accounts (IRAs) to children, and tax-related issues that must be discussed before remarrying someone.DamatoKarenEB...
WASHINGTON (AP) — Seventy-year-old Cassandra Gentry is looking forward to a hefty cost-of-living increase in her Social Security benefits — not for herself but to pay for haircuts for her two grandchildren and put food on the table. The three live in a Washington apartment building that...
So social security benefits for a dependent child can reduce or eliminate child support payments for the spouse who is legally obligated to pay them by virtue of your divorce orders. You can not double dip or receive both. The dependent child does not have to live with the spouse paying ...
* Social Security benefits areinflation-proof! On January 1 of each year, Social Security adjusts all the benefits its paying by a consumer price index. The current maximum Social Security payouts might be around $30,000 a year currently, but in 20 years, they will be much higher! See f...
For the next phase, a pilot program has been started in some regions including Qingdao in Shandong Province to provide social security benefits to the disabled. Shi Chunming, Vice Chairman of the Municipal Federation for the Disabled in Qingdao, says severely disabled people can start receiving pen...
Supplement Security Income (SSI) is part of the Social Security Program that provides monthly disability benefits to those who have not worked long enough to qualify for SSDI. The Social Security Administration denies 70% - 75% of the applications for disability. However, a social security attorne...
Some people’s disabilities clearly meet Social Security’s definition of disabled. Those people may be eligible to receive benefits more rapidly. The website has anextensive sectionon compassionate allowance.13 What Is SSI? SSI stands forsupplemental security income, which provides cash assistance to...
If you're looking for Social Security number facts to amaze your friends with, you've come to the right place. Here are 18 of the strangest.
Those are the basics. Social Security also pays benefits to surviving family members and to disabled workers—an important benefit overlooked by most people who say they don’t need Social Security. So what is that? It’s most similar to a traditional defined benefit pension plan where you get...
Q I am a 79-year-old semiretired consultant. I am questioning why I and many others have to pay a 15.3% self-employment tax in addition to regular income taxes. The self-employment tax, which pays for Social Security and Medicare benefits, will never affect my Social Security benefit, si...