Full question: From where does Social Security get the money to pay benefits (other than payroll taxes and income taxes on those very benefits)? I’ve heard 2 stories: one is there are OASI and DI Trust Funds that contain the $2 trillion balance in cash (and thus Soc Sec pulls its payroll/income tax shortfall from…

Full question: I am currently receiving spousal benefits and my wife is receiving full benefits. I turn 70 in November and want to switch to my full benefits. Do I need to go to a Social Security Office or can this switch be done over the phone with SSA? Hello, You can do either. Make…

Full question: I want my SS benefit to start in January of 2024. I contacted SSA and they scheduled phone appointment for September of 2023. I need my benefit amount to be calculated as of January (any day) of 2024. Should I keep the appointment, will the September application date impact the amount? Hi there,…

Hi there, Go to www.ssa.gov and on the main page click on “online services” then select “apply for retirement benefits.” Since you are currently collecting benefits on your spouse’s record, you should be able to start a new application for retirement benefits under your own Social Security number. You may also use the SSA online…

Hi there, Social Security applications can take several weeks to be reviewed. You should then have received a letter describing the amount of your benefit and the date benefits will be paid. Contact your local SSA office for an update. You can find your local office here. Best of luck, Martha

Full question: I am hoping you will be able to assist in answering a question related to spousal benefits that potentially may involve coordination between the Railroad Retirement Board (RRB) and the Social Security Administration (SSA). I plan to take my full retirement benefits at age 67 through SSA. I am currently 62. I do…