Author Topic: SS Benefits age 16?? Multiple kids  (Read 2877 times)


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Re: SS Benefits age 16?? Multiple kids
« Reply #15 on: November 21, 2016, 11:57:40 PM »
I didn't read all the replies but when your oldest graduates high school or turns 18, whichever comes later, his will stop and the other two will increase.  There is a family maximum.  This is from the SS website about how it is calculated.

Within a family, a child can receive up to
half of the parent’s full retirement or disability
benefit. If a child receives survivors benefits,
they can get up to 75 percent of the deceased
parent’s basic Social Security benefit. There is
a limit, however, to the amount of money that
we can pay to a family. The family maximum
payment is determined as part of every Social
Security benefit computation. It can be from
150 to 180 percent of the parent’s full benefit
amount. If the total amount payable to all
family members exceeds this limit, we reduce
each person’s benefit proportionately (except the
parent’s) until the total equals the maximum
allowable amount.

Rick, an amazing husband, father, fisherman & fisher of men with a servants heart who served God every day. ReRe, miss your smile & twinkle in your eye.