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Followup: Social Security - Application Approval - How Long?
Posted by: DewGuy
Date: March 01, 2024 11:46AM
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Re: Followup: Social Security - Application Approval - How Long?
Posted by: GGD
Date: March 01, 2024 12:00PM
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Re: Followup: Social Security - Application Approval - How Long?
Posted by: DewGuy
Date: March 01, 2024 12:45PM
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GGD
Glad to hear that it all got processed smoothly.
One more thing, if you want federal taxes withheld from the monthly payments you need to fill out form W-4V and fax or mail it to your local social security office. You'll get something in the mail telling you this but with the delay in receiving that they'll miss the first month and start withholding on the second month. If you do this now you might get it in effect for the first month.
[www.ssa.gov]
Re: Followup: Social Security - Application Approval - How Long?
Posted by: Ombligo
Date: March 01, 2024 01:19PM
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Quote
GGD
Glad to hear that it all got processed smoothly.
One more thing, if you want federal taxes withheld from the monthly payments you need to fill out form W-4V and fax or mail it to your local social security office. You'll get something in the mail telling you this but with the delay in receiving that they'll miss the first month and start withholding on the second month. If you do this now you might get it in effect for the first month.
[www.ssa.gov]
Re: Followup: Social Security - Application Approval - How Long?
Posted by: Acer
Date: March 01, 2024 01:30PM
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Re: Followup: Social Security - Application Approval - How Long?
Posted by: graylocks
Date: March 01, 2024 03:39PM
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Ombligo
Thanks for the tip, I haven't decided whether to start SS this year or wait until I actually have to when I turn 70. The only reason to start would be to put it into investments every month rather than trust the government. I'm running the numbers and getting advice right now.
Re: Followup: Social Security - Application Approval - How Long?
Posted by: Ombligo
Date: March 01, 2024 04:03PM
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graylocks
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Ombligo
Thanks for the tip, I haven't decided whether to start SS this year or wait until I actually have to when I turn 70. The only reason to start would be to put it into investments every month rather than trust the government. I'm running the numbers and getting advice right now.
guaranteed 8% yearly return if you wait. i waited.
Re: Followup: Social Security - Application Approval - How Long?
Posted by: PeterW
Date: March 01, 2024 04:37PM
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Re: Followup: Social Security - Application Approval - How Long?
Posted by: richorlin
Date: March 01, 2024 07:04PM
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PeterW
Yes but…you’re passing up 48 months of the base SS. Takes years to recoup that money. The gamble is how long you’re going to live past 70.
Re: Followup: Social Security - Application Approval - How Long?
Posted by: Black
Date: March 01, 2024 08:39PM
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Re: Followup: Social Security - Application Approval - How Long?
Posted by: Speedy
Date: March 01, 2024 10:04PM
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Re: Followup: Social Security - Application Approval - How Long?
Posted by: NewtonMP2100
Date: March 02, 2024 09:15AM
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Re: Followup: Social Security - Application Approval - How Long?
Posted by: DewGuy
Date: March 02, 2024 08:21PM
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Speedy
Congrats!
My wife’s Nov. 16, 2023 application is still at beginning of Step 2 (of 3). She turned 70 in the first half of December.
Re: Followup: Social Security - Application Approval - How Long?
Posted by: Speedy
Date: March 02, 2024 09:26PM
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DewGuy
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Speedy
Congrats!
My wife’s Nov. 16, 2023 application is still at beginning of Step 2 (of 3). She turned 70 in the first half of December.
Thanks. At this point I think your wife should call and see what's taking so long. Here's hoping she has a quick and positive outcome.