Events Calendar

Current Weather

More >>

Sponsored by:

Manatee Road Watch


Sean Tampa Bay yacht Management Bills Discount Center - New & used Furnature, Appliances and More!

The Bradenton Times Polls

Poll Question: Do you agree with the U.S. government's move to normalize relations with Cuba?

 Yes  No More polls »

The Robyn Report with Robyn Davis

Home
Change Text Size: Larger  Smaller

News Section: Business and Financial



Can My Child Receive Social Security Benefits Based on My Earnings Record?

Published Saturday, November 30, 2013 12:04 am

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2013 for use by Evan R. Guido.

 

Your child – whether he or she is your biological child, adopted child, or stepchild – may be able to receive Social Security monthly benefits based on your earnings record if you're receiving disability or retirement benefits from Social Security, or in the event of your death. These often overlooked benefits can provide steady income for your family when it's needed the most.

 

How much will your child receive from Social Security? When you start receiving retirement or disability benefits, your child may be eligible to receive up to 50% of your benefit. When you die, your child may be eligible to receive up to 75% of your basic benefit (the benefit that the Social Security Administration calculates you would have received if you had reached full retirement age at the time of your death). Various factors will affect the amount of your child's benefit, including whether other family members are also receiving benefits on your earnings record.

 

To receive Social Security benefits based on your record, your child must generally be a dependent under age 18 (or age 19 if a full-time student in grade 12 or lower) and unmarried. However, if your unmarried child is disabled and was disabled before age 22, he or she can qualify for benefits based on your record at any age; benefits for a disabled child may end, though, if your child marries or is no longer considered disabled.

 

You can find out more about family benefits based on your earnings record by checking your Social Security Statement. To access your statement, sign up for a mySocialSecurity account at the Social Security Administration's website, www.socialsecurity.gov. Your statement will give you important information about Social Security that you can use to plan for your family's financial future. This includes how you and your family members qualify for benefits, estimates of your future retirement and disability benefits, and what survivors benefits your child and other family members might receive if you die.

 

Got Questions? Ask Guido

 

 

Evan R. Guido

Vice President of Private Wealth Management

One Sarasota Tower, Suite 1200

Two North Tamiami Trail

Sarasota, FL  34236-4702

941-906-2829 Direct Line

888 366-6603 Toll Free

941 366-6193 Fax

www.EVANGUIDO.com

Join the conversation post Facebook comments here or on our site at the bottom of article.

 

  In Addition to Facebook Comments You Can Also Post Comments Below



Non-Facebook Comments:

Click here to add a Non-Facebook comment to this page




 Sign up for our free news subscription - a great way to stay informed!



News World Round UpSports Roundup

Manatee Rural Health Certificate
 


Obituaries

Name Date
Robert Cooper December 9, 2014
Sarah Robinson December 12, 2014
Harry Wujcik December 13, 2014
Annie McNally December 12, 2014
Pritamdas Chatani December 11, 2014
Alice Taft December 7, 2014
Arlene Stromberg December 8, 2014
Donald Ross December 10, 2014
Denise Potter December 4, 2014
All Obituaries






Copyright © 2009 - 2014 | The Bradenton Times | More than just an Online Newspaper | http://www.thebradentontimes.com/
405 26 Avenue Bradenton, FL 34205
Phone: 941-896-7857 - Privacy Policy - RSS Feed
Template provided by Free CSS Templates