Turn on Social Security at 62 and Your Minor Children Can Collect The Dependent Benefit

[@JohnSmith-dj5gf]

Sweet! My daughter was born when I was 50, so I can start collecting a 30% reduced SS when I’m 62, she’ll be 12 and can collect for 6 years until she’s 18. We can invest the funds and use it to pay for her college or to buy a house. I guess there are some benefits to being an old dad!

[@TheK9Shepherd]

I'm in exactly the same boat as you. I am debating 62 vs 64. I am leaning towards 62 if other things line up. I am just trying to figure out from my bank how to open an account solely owned by my daughter where I am just the custodian. Might be harder then what people think. Trying to sort that out now. My bank says that she can open a joint account might not fly. Not going to do an UTMA. Hopefully I can open an account in her name as owner. We'll see.

[@liorap5636]

If you’re under full retirement age and working, and making more than 22,300 /year then they will ding you - remove one dollar of your benefits for every two dollars you go over this (you can earn up to 1850/ month w/out getting your benefits reduced)

[@justsmy5677]

@@TheK9Shepherd - you don’t need a new/separate account or an account in the kids name. My SS check, as well as the checks for my two kids are just being direct deposited into my checking account that I’ve had for years. The SS Administration just told me it’s a good idea to keep some receipts in order to prove that the kids money was spent for their support. There are 4 people in our household (me, wife and 2 kids) so the SS admin said I could claim that half (2 kids equals half of the household) of the household expenses, such as rent/mortgage, utilities, groceries were spent on the kids. So documenting the proper spending of their money is fairly easy. The SS Admin may never audit me or ask for documentation, but they just told me to be aware of the possibility.

[@rockk973]

@JohnSmith-dj5gf Hey man I'm sorry for your loss I'm a old dad too. I'm 50 and was left a 8 and 6 year old child. I decided after my wife's passing not to go back to work so I can care for them we all collect my latest wife's survivor benefits and surviving. Pays my morgage and stuff and I will collect mine at 62. Good luck buddy

[@brendonshaw5881]

@@TheK9Shepherdjoin a credit union less rules, my 4yr has her own account

[@Gary-pogi]

You went on about what kind of account to put the childs money into but it all comes in one payment to the retired person. "If a child is a minor, their Social Security benefits will be issued in the name of the representative payee." It goes into the same bucket, as you said it is additional income meant to subsidize the expenses until the kid reaches age of majority.

[@leewitte4700]

Best information I have found to date on this topic. Great video. It doesn't answer all of my questions, but did address a couple of big ones.

[@Alogus1207]

You went above and beyond of what I expected. Truley appreciate how you went into detail about social security benefits. Thank you for taking the time and explaining all this much needed information.

[@aconsideredmoment]

Thank you! This is exactly the information needed presented simply. That is a gift!

[@michaelmeniktas5054]

Very good Michael, concise, specific and very infomative.

[@xporkrind]

Great video. Very informative.

[@ralphposadas1412]

What if I intend to spend childrens benefits and not save them, do I still need to open a child account for each of my 3 children and I am a custodian only? I don't intend to save their benefits.

[@TheK9Shepherd]

I am 55 with a 4 year old. I am looking at retiring when I am 64 and start drawing SS. My daughter will be 13. I'll have her start drawing SS based on my FRA (so over the 6 years that's going to be a substantial amount). I understand that the monies she receives has to be put into an account "owned" by her (and I can be custodian) So that we don't get a letter when she's 18 or 19 that we owe any unspent money back to the IRS. I asked my bank if I can open such an account and they basically said no. I will always be listed as a owner along with my daughter. Here is what they said: "Your daughter would need to have a parent or legal guardian on the account with her. She can be listed as the Tax Reported Owner and you could be listed as second on the account, however, you would still be considered an owner of the account" So, if my daughter would be considered the "tax reported owner" but I am still a co-owner, would that satisfy the IRS rules so that we don't have to pay any monies back (as long as I don't get the 1099-DIV) Hope that makes sense. I am NOT going to be opening a UTMA or UGMA account. Thanks Mark PS has anyone every done this? Have their child draw SS before the age of 18 (or 19 if still in high school)? What kind of account were you able to get so that the IRS doesn't ask for any unspent monies to be returned.

[@TheK9Shepherd]

@@florida850 Thanks ! I just wanted to be safe and make sure SS didn't have a reason to pull monies back. What I've read from SS publications is that you really shouldn't commingle the monies. Especially if it's a case of divorces and part time custody issues (where you have to keep a detailed audit of where the money was spent) Which in my case it's not. I did find my bank has the account for this specific situation so i am good. I appreciate your reply.

[@cjb10131]

Great presentation! Thank you very much.

[@nfnnln5494]

thank you so much for all the information!

[@Unplugged704]

Great information! Does the minor child have to be- 1. Born in US? 2. Live in US I have a just retired neighbor collecting at 63. He has a fiancé with 13 y/o child back in his home country of Laos (child was born there). He goes back 6/6 months of the year. He does provide financial support for them.

[@christopherhennessey8991]

I did that… a definite blessing.

[@captainamerica9353]

I had also heard something about this but dismissed it as hearsay! I have several questions, but my first thought is, SS is going to mail my 14 kid $600 a month until age 18?? Can a minor have a bank account, but moreover be trusted with that kind of dough piling up? Can the check go to the parent, instead? I've looked high and low for details on this.

[@kathyw7000]

I have not heard of the government requiring an account be set up for the child or demanding unused money be returned. I have received this benefit for years for my daughter and me (as the caregiver) all because I fell in love with and married an older man! This is a fabulous benefit that has helped me tremendously - I receive about $60,000 a year. There is a family maximum and I guess mine is that amount. So even if we had six children, I would still get $60,000. The family maximum depends on the retiree’s income bracket. The child and the adult(s)’ money can be deposited together and used for daily expenses. I was never told to set up an account for my daughter. The only negative is that, now that my daughter is a teenager, I would like to earn some extra money but I cannot make more than about $20,000 or I would lose my portion of the benefits.

[@dhammer6715]

The earned income “steal back” only applies to the retiree, your husband. If he makes earned income over $20k the government starts taking back all the money, his yours and the child’s. He’ll be refunded at his FRA for the money stolen from his payments, the money stolen back from you and your child is never recovered. If you or your child earn wages, they don’t affect the social security you’re receiving. Don’t forget, at your child’s turning 16 years old you the spouse lose your SS income. Also file taxes on behalf of your child if the amount is over $6k, off the top of my head.

[@jiminauburn5073]

I saw an article where someone was talking about this a few weeks ago. I turn 62 this year with a 13 year old child. I will be doing this. I will file, but will continue working, so my income will be too high that I will not get any benefits. This will make it so that I do not actually take a hit on how much I get because I plan on stopping work at 67, where I planned to start collecting. So because I will make too much, those 5 years worth of not getting it because I make to much will be added back into my benefit amount, making it the same as if I waited until 67 to claim. But by claiming at 62, my daughter gets a $1700 check a month for the next 5 years. Her amount is based on my FRA, not the amount I would qualify for by claiming early. A $100K windfall, just because...

[@abiwaommi1835]

Thank you so much for this information

[@manna5610]

So, listening again to your explanation of titling the account in the child's name, how does that stop SSA from getting the money if there is anything left at age 18? Unless, they ask specifically in their latter to the parent for any saved money in the parents name? How does the work around not qualify the SSA from demanding any remaining dollars for the child's account? Where did you get that information? On the SSA site? Thanks...

[@leewitte4700]

This is one of my big questions. This and how the money can be used.

[@manna5610]

@leewitte4700 Im planning on, when i get closer to fuling SS, ill go to the SS office to talk to them on what the money can be spent on, to benefit the child and portions of the household expenses that can to split with the child costs.

[@johngermany2089]

If one parent is receiving a benefit and the minor children are receiving benefits, the spouse (if not receiving her own benefit) is entitled to a benefit. However, this will likely be limited by the monthly cap for the account holder.

[@satellite1961]

I am 62 years old and I began receiving benefits Feb 2024. I reside now in the Philippines. I applied for benefits for my spouse and 2 stepchildren at the same time when i applied for my benefits. I had to complete many forms and provide lots of documentation, as well as have my wife set up separate joint accounts for each child, and one of her own to receive benefits. Because i processed my request through the US embassy in the Philippines, it takes several months to get an answer. I should know by the end of the year whether all benefits have been approved. If yes, benefits will be paid retroactively to February. I will post back once i have an answer.

[@CapCityDC]

Def report back to us old dads!

[@SidneyCarton-p2u]

@@CapCityDC All benefits have been approved, retroactively, for both spouse and 2 stepchildren.

[@TheK9Shepherd]

Why is it that I feel I am getting financial advice from Bobby Cannavale 🙂🙂

[@greenbushfinancialgroup]

CLARIFICATION IN FAMILY MAXIMUM BENEFIT CALCULATION: In this video, we reference the Family Maximum Benefit calculation at 4:16 in the video. There is an important item that I want to clarify about the calculation of the family Max. When you calculate the Family Maximum Benefit amount, you always use your Full Retirement Age Benefit in the calculation regardless of when you actually filed for social security benefits. If you file for social security benefits early at age 62, instead of using the reduced 62 age benefit of $1,200 social security benefit to calculate the remaining amount available for your children, you have to use the FRA benefit of $1,700 in the formula before determining how much your children are eligible to receive. Social security would reduce the children’s benefits by an equal amount until their total benefit is reduced to the family maximum limit. These are the steps: 1) Max Family Benefit = $1,700 (FRA) x 150% = $2,550 2) $2,550 (Family Max) - $1,700 (FRA) = $850 3) Divide $850 by 4 eligible children = $212.50 for each child This results in the following social security benefits paid to retiree and their 4 children: You: $1,200 Child 1: $212.50 Child 2: $212.50 Child 3: $212.50 Child 4: $212.50 We have a article on this topic the provides a detailed illustration of the calculation: www.greenbushfinancial.com/all-blogs/social-security-dependent-benefit-minor-child (Comment is for education. Not advice)

[@elgin9885]

Also to calculate how much minor children receive - the calculation is FMB - PIA and that amount is split between the minor children. General calculation will be 50% of PIA at full retirement age. Example: if at age 62 with 2 minor children -- early retirement is $1000 and 67 would be $1250 and FMB would be $1875. The calculation is $1875 minus $1250 = $625. Each child will get 1/2 of the $625. The total benefit will be $1625 ....NOT....$1875. The SSA publication is not clear on this but this is the correct way to calculate it. MFB-PIA ... that is the maximum that can go to minors. Your blog on this and video is not correct in how it is calculated.

[@iloisabelletalana8652]

I have a question what if you transfer all the save money to your kid’s own account will that help not returning the money to social security?please answer thank you

[@dhammer6715]

@@elgin9885are you sure the number is not 1/2 of the $1875 divided equally amongst the children?

[@gregchris418]

​@@elgin9885thank you, just got off the phone with SSA, you are correct it's family max minus the max at age 67

[@WTFgus]

My daughter passed at age 27 , yet ss claims she didn't pay enough quarters for her son(4) and daughter (3) to recieve survivors benefits? This doesn't seem right!?

[@greenbushfinancialgroup]

Social Security requires each individual to earn 40 credits before they are eligible for SS and their dependents eligible for their survivor benefits. You can earn 1 credit for every $1,640 that you make each year up to a maximum of 4 credits if you earn $6,560 or more. For people working full-time for 10 years, they typically reach their full eligibility. If would have to go back through your daughter's earnings history and see if she earned 40 credits which would make her children eligible for the survivor benefits. Here is the full article from the SS website: www.ssa.gov/benefits/retirement/planner/credits.html (Comment is for education. Not advice)

[@dodgewinter202]

True but if you ADOPT these children and you're retired, they can collect 50% of your ss benefit. It's 50% of your FULL ss benefit, (age67) even if you retired early and are collecting the reduced 70%. Go to your ss office. The kids must be adopted by you to get the ss.

[@elizabethtreadway9189]

What an excellent video.

[@Joyfulpeace4all]

I have a question how long does the parents must be on THE JOB FOR THE CHILD TO COLLECT. I DO KNOW If the parents never worked the child gets nothing cause the parents never paid Into it.

[@gregchris418]

Yes, you have to put into the system through your FICA taxes. SSA checks your highest 35 years of income. So make sure you don't have any years with zeros averaged in. Otherwise you get dinged

[@thomastaylor637]

Excellent video thanks

[@RashadSims-bh3zz]

I have a question can parent adult child get their social security even though they passed away 11 or 12 yrs ago

[@greenbushfinancialgroup]

Once a child is over the age of 18, there are no other survivor benefits available to a child based on the deceased parent’s earnings history. (Education. Not advice)

[@trexora]

Should I deposit my minor's social security benefits directly into an UTMA account? Code 416.645 says conserved funds should be deposited into an account insured under federal or state law. If I open an UTMA account at Vanguard and buy insured CDs, does that qualify?

[@rockk973]

So i just got off of interview with social security. My wife past away at 42 years old. I was told my kids get 1407 each a month and since i am out of work i can collect the same and I am only 50. So thats over 4k a month. Does this sound right?

[@kathyw7000]

Yup. Even if your spouse is alive, the stay at home parent can collect. They cannot earn more than $20,000 or so or they lose this benefit. It is for the parent taking care of a minor child. That parent must be under retirement age. The key is that the other parent must be retirement age or deceased.

[@dhammer6715]

Those are survivor benefits. I don’t think you can claim survivor benefits until about 60 years old. I’m no expert so look it up.

[@rockk973]

@dhammer6715 This is a old post but I was correct with the above. I also collect since I am our of work and my children are under 18.

[@texascowboy8612]

If you adopt your wifes child in the Philippines you cant collect anything unless you move back to the usa and adopt the child again and wait five years. I know this it happened to me. Sucks I have been the father six months old and now seven years old. !!!!

[@davida.miller6624]

but thats only if you adoptvright like if the child is our blood child then no problem right ?

[@whynot2734]

What if your child is 3 or 4 years old can you use the money for raising them . Doctors, food, medicine, school supplies ,cloths , shoes , glasses,

[@greenbushfinancialgroup]

Yes, that is the main purpose of these SS dependent payments (Comment is for education. Not advice)

[@whynot2734]

@@greenbushfinancialgroup thank you I was worried I will have to pay it all back before I pass away

[@dhammer6715]

@@whynot2734if you’re earning wages and the children are collecting through you turning on your SS before full retirement age, then yes the SsA will take much or all back. Same if it’s your spouse’s retirement and he/she earns wages before full retirement age.

[@annietintx]

We are legal guardians/grandparents raising grandchildren would they qualify for these benefits?

[@dodgewinter202]

No, you have to adopt them to receive these ss benefits. Check with your states DHHR to apply for kinship care benefits.

[@dhammer6715]

@@dodgewinter202I think there are other ways than just adoption, such as the parents being deceased. Not exactly sure because I am too lazy to look it up.

[@cvzphotography]

Does anyone know if this counts for my grandchildren who I've adopted?

[@dhammer6715]

Yes they are entitled. Don’t delay

[@daveforgot127]

No discussion if your spouse is taking care of the kids? They can get benefits too right? Great video

[@justsmy5677]

From what I have read, the spouse can also draw up to 50% of the filers FRA if the kids live in the same house, spouse cares for the children full time and does not work. The Maximum Household Benefit still applies.

[@CapCityDC]

​@justsmy5677 Was going to say the same, what about the spouse getting it too? Nothing in the SS Admin info on this I read through indicates if the spouse can be working or not, and if it's ok to work then how much can the spouse earn? Also saw something that indicates the spouse if younger (not at 62 or older), then their benefit stops early once the child is 16, not at 18 like for the retired 62yr old spouse.

[@justsmy5677]

@@CapCityDC - I was wrong about the spouse qualifying only if they (spouse) do not work. The Spouse can work, not sure about a spousal income limit. In my case I have two kids under 18 yrs old, so we are maxing out the family maximum with just my check and the two kids checks. The SS Admin told us if my wife chose to draw a check it would not affect the amount we get per month, they would simply take the total (both kids checks combined) that the two kids draw and divide it equally (3 ways) between my wife and two kids…so the total family income would be the same. And the spouse check ends when the kid(s) turn 16 years old. So we chose to not have spouse draw a check. I did not want spouse to have on record that she has drawn anything, in case the rules change in the future and her having drawn possibly having a negative impact on some future benefit. Also, SS Admin told me that after my oldest child stops drawing (18 yrs old or graduates from high school, which ever happens last), they will recompute things and my younger child who is still drawing will most likely get an increase in his check. Also, the family max is 188% of the parent FRA (Full Retirement Amount at age 67). So at age 62 the family can draw 188% of your estimated age 67 (FRA) check! Cheers

[@satellite1961]

Yes, the spouse taking care of the children can receive the same benefits as the minor children.

[@dhammer6715]

@@justsmy5677spouse can work

[@mattlv2002]

thank you, well done

[@loomisfamily7382]

How can I find out how to approach this unique situation? Thank you!

[@greenbushfinancialgroup]

Please feel free to call me at my office for a complementary consult to discuss: 518-477-6686

[@nonspecifically]

If I am divorced and my ex is raising my minor child and I turn on my social security at 62, does my child still get the money, even if he lives with his mother in Canada?

[@greenbushfinancialgroup]

It is possible that your child would be eligible to receive the SS dependent benefit. Divorce does not preclude a child from receiving a dependent SS benefit. Last I checked, you did not have to be living in the US to receive a SS benefit either, if you are eligible you are eligible. (Comment is for education. Not advice)

[@lovesong3750]

what happened if Social Security is paying my disabled ex and my son but Im the one is taking care of my son not him?

[@dhammer6715]

Not clear what your asking. Are both disabled? Who’s getting the son’s checks?

[@eumafernandes2097]

Actually, i 'm living in Brazil , but I lived in London for 15 years and I I'm intitled for 15 worked years. My question is: at the age of 62, hom much money, i Will receive if i get retirement now? And , also, how I can receive this money in Brazil?

[@dhammer6715]

Go to Ssa.gov and look up your account using your social security number

[@xporkrind]

So if you spend all of the money, does the refund requirement kick in. Or does the refund only apply to money saved in an account in the adult's name ???? So can you avoid the refund requirement by just spending the money ???

[@chulaloca7613]

I have a question I don't know if you could help me out through KZbin My question is if I have somebody that's using my daughter's formation and she's living with her what she got in trouble using my daughter's information with all my permission going on social security

[@christopherhennessey8991]

I believe that person would have to be your daughter’s legal guardian to avoid trouble.

[@stinner44]

Huh, what??

[@davebrundage5955]

How do they apply or calculate the 150-188%, and where can I find the law on this? Thanks

[@dhammer6715]

Easier to go to Ssa.gov and look up your account. It’ll give your family maximum benefit. Of course it’ll grow if you haven’t started taking SS early.

[@rcarey3965]

If i file for my SSA benefits as soon as eligible at 62 and I have kids under 18 eligible for up to 75% of my benefit as a family maximum - if I start working again, I know my benefits wife gets reduced $1 for every $2 I earn…but does this also reduce what they can get? Thx.

[@greenbushfinancialgroup]

If you make too much income and face the earned income penalty prior to reaching FRA, it's my understanding that the income penalty is applied against your benefit and anyone else who is claiming a benefit based on your earning history (and the dependent benefit would fall into that category). (education, not advice)

[@markdavis827]

@@greenbushfinancialgroup Yes, that is true and may be a good reason to wait until your reach FRA, if possible. I was considering filing at 62 or at least prior to FRA. But since I'm still working, my SS benefits would be cut (due to the earned income penalty) to $0 and i was warned that any others in our family that receive SS benefits on my earnings history would be cut by the same penalty %. So it won't make sense for me/us to apply for benefits until I reach FRA. Even then, the decision to file at FRA can be tricky because while working after FRA, %85 of my SS benefits will be taxable. But I expect that will be true regardless of when I file due to other income.

[@dhammer6715]

@@markdavis827exactly my situation. But if you do take it early your spouse can earn anything. If filing jointly your and your spouse’s SS can be taxed, however your children’s benefits are not counted as income for you and your spouse. File separate tax returns for your children.

[@frederickruderman2997]

I’m a ChFC for longer, since I’m about 20 years older, I didn’t know about this either. I found out because I had heard that the reason this exists came from politicians negotiating w/Unions for fire fighters & police. The fire department tells the men to marry younger women and retire after 20 years and clean up on this benefit. I’ve heard it’s really fraudulent and I could understand why I’ve heard that

[@kathyw7000]

That’s false information. This benefit has been around for ages. In the old days, many men lost their wives during childbirth. Most eventually got married again, often to younger women, and had more children. So there were actually quite a few older dads back then. This benefit helped them be able to retire or pay for college.

[@PuffyPanda-l3e]

Very informative video - thank you! I do have one question. I am in my 50s, my ex-husband is 67 and turned on his SS. We have two minor children and he pays me court ordered child support. Will he be in charge of the children's benefits since they are coming from his SS or would I?

[@dhammer6715]

Contact SS to have payments come to you

[@gregchris418]

You have to make Sure the payments will go directly to the children's name listed the bank account and you must listed as the custodian so you can take money out anytime you need for the children's expenses

[@debas7282]

Sir can you answer me please my ex receive money for my underage son. My marriage last 3 years. Am i entitled for half of my son ss money???? Thanks

[@greenbushfinancialgroup]

The spousal benefit is separate from the Dependent benefit. The spousal benefit is only available if the marriage lasted over 10 years, you did not remarry prior to age 60, and you are age 62+. (Comment is for education. Not advice)

[@richrutkowski6930]

I will be 62 in March. My wife who is 63 and I have 2 minor children. 6 and 4. I plan on taking SS early and take advantage of the family benefit. We are struggling financially and plan on using the money to help with the mortgage payments. Are we legally allowed to do this? Also my wife plans on working till 70 then taking her benefits 9 max benefits). In the event she passes first would I be able to claim her benefits (greater amount than mine) give up mine and also claim the family benefit till my kids turn 18? Thanks

[@tazrugby]

I beleive the kid's money can not be used for your mortgage. You need to open a custodial savings account in their name. Then they can use it for a car or college when they turn 18. Otherwise the Social Security Admin may what the money back when they turn 18.

[@thomashatfield4818]

@@tazrugby Why wouldn’t you be able to use the dependent benefits for family expenses? That’s the point of the benefits and the money spent raising the children through high school will likely be higher than the payments. In fact, if you try to save it, SSA could ask for it back. You should spend the kids benefits as the first contributions to family expenses while they are living at home.

[@kathyw7000]

You can use the money for any family expenses.

[@dhammer6715]

Sounds good unless you earn income over $20k or so. Your wife should also get family benefit payments even if she works. Just make sure your kids are eligible under the rules.

[@CosmicGigachad849]

How about my husband he has disability pension but he passed away 4 years ago . Is it possible my son can get survivor pension? We're here in Philippines

[@greenbushfinancialgroup]

If your son is under the age of 18, and your husband was eligible to receive Social Security benefits, he may be entitled to receive the survivor benefit until he reaches age 18. (comment for education not advice)

[@patamanunredfern6561]

Hello sir what if my ex husband 62 years old who is already collected social have lost custody of 16 years old daughter to me (mother) the benefit is still on? My daughter still got the benefit?

[@dhammer6715]

Yes unless he earns too much wages

[@manna5610]

What I have read so far indicates to document all of the dependent spending specifically like a budget or accounting sheet. Anything remaining has to be in some kind of saving/bond to make interest. then when they turn 18, the SSA will expect/demand the unspent money back with interest back. How does having a separate account for the child offset this? I do not see how this can be a work around?

[@greenbushfinancialgroup]

The issue revolved around the ownership of the money that was sent from SS. If the parents deposit that money into their checking account and it is never spent on expenses to benefit the child, did the child ever truly benefit from the receipt of those dependent SS benefits? By depositing the SS benefits into an account, just in the child's name, the child is clearly benefiting, because they are the sole owner of those assets. (Comment is for education. Not advice)

[@manna5610]

@greenbushfinancialgroup that would be true for future expenses. Im just looking at it from their point of view. From what i have read, the 2 years of documentation for expenses applied to the childs benefit would be for specific costs that have been incurred. Money set asside in the childs name has not been spent, though. If the difference being the owner of the funds, either the parent or child makes the difference, i can see that as a possible loop. I just want to be more informed to what i am going to experience in the future when i do file for my child. My child will have 2 years of benefits by the time she is 18 years of age. Also, from what i understand, the funds are always deposited into the childs bank account, not the parents' account.

[@dhammer6715]

Just spend the money. You can always take other savings and invest them for your children or make them beneficiaries, etc.

[@DWilliam1]

Can this payment count toward child support?

[@kristopherdetar4346]

You joking right ?

[@loomisfamily7382]

What if you get a new job at 72 that makes much more money. Both kids were receiving SS benefits, but they stopped about a year ago. Would I get refunded the amount they did not receive?

[@dhammer6715]

It stopped because they turned 18. Your income after your full retirement age has no effect on the children’s checks. There is no refund. If it stopped before turning 18, then you need to get their money back.

[@justsmy5677]

Nice video! Concerning the Maximum Family Benefit, what factors impact the Max benefit (150% to 188%)? Is there anything I can do to push that maximum benefit toward 188%. I have two children that will be 17 and 14 years old when I turn 62. Also in the video it was not real clear when the child stops collecting. You said age 18, but it is really age 18 or when they graduate from high school, whichever occurs LAST. Thanks!

[@bradk7653]

The Family Maximum percentage is based on what your PIA is. There are Family Max Bend Points that determine the your Family Max percentage. The highest you can get is 188% and in 2023 that that would be at a PIA amount of $2,056. Following are those percentage bend points for 2023. (a) 150 percent of the first $1,425 of the worker's PIA, plus (b) 272 percent of the worker's PIA over $1,425 through $2,056, plus (c) 134 percent of the worker's PIA over $2,056 through $2,682, plus (d) 175 percent of the worker's PIA over $2,682.

[@bradk7653]

Yes, it ends when the child finishes HS or when they turn 19, whichever occurs first.

[@justsmy5677]

@@bradk7653 I think the kids benefit ends when they turn 18 or graduate HS, which ever occurs LAST.

[@kathyw7000]

When they graduate high school.

[@dhammer6715]

@@bradk765318 if finished high school. 19 if still in high school.

[@davewilson4094]

How does this relate to child support of a minor child? Do they get benefit and child support or does it replace the child support.

[@greenbushfinancialgroup]

I have yet to see child support impacted by the SS dependent benefits but judge rulings can vary on this subject (Comment for education. Not advice) #gfg

[@kathyw7000]

They are totally separate

[@dhammer6715]

I think it should affect child support. Check your state’s laws.

[@alaskan6384]

what if you buy assets like gold or silver, could they still ask for the money back?

[@dhammer6715]

How will they know? You really asked this question?

[@alaskan6384]

@dhammer6715 I don't know how they would know, that's why I asked the question. Maybe the seller would report their sales to the government? Like I said, I don't know, that's why I asked. You're the expert?

[@alaskan6384]

@dhammer6715 Moron

[@ralphposadas1412]

Can I have child dependent ss benefits deposited to my own personal bank account for me to subsidize my childrens expenses and prevent ssa from asking it back when they turn 18?

[@CapCityDC]

Pretty sure no, research it.

[@GPC712]

​@@CapCityDC I'm confused about that. I thought the child's benefit amount is money intended to help with expenses related to raising the child, in theory because there's less money coming into the household if a parent is retired. So why couldn't the money be used toward the costs of raising the child?

[@gregchris418]

No it must be listed in the children's name but you can be the custodian to be able to withdraw money for the children's expenses

[@vanessa_beatriz]

My dad has a child in mexico. Will she be able to get the payments?

[@dhammer6715]

I think if she is a dependent.

[@kerube26]

Can minors still receive this benefit even if they do not live with the retired parent collecting social security benefits?

[@julietfuentes9446]

yes..

[@coolmint2835]

Do they pay these benefits if family moves overseas

[@TheCatsandMe]

yes. we live in the Philippines. You have to report at the embassy for your change of address

[@surf6009]

What if my daughter doesn't live with me?

[@dhammer6715]

As long as she is a dependent or you have parental responsibility. Check with SSA.

[@richfix1183]

As I understand this, if you have a disabled child (as defined in the story), your child will also get Medicare two years after they claim. So that can be another bonus…

[@raymonddee1059]

tax free too

[@dewholdingsllc1050]

I am wondering why you did not know about minor children of a parent's benefits. I knew about them and I do not claim to be an expert. You need to speak to protective filing date for when the parent and the minor children applied for the parent and the minor children. SSA routinely drops the ball on minor children protective filing date. ask me how I know