How To Get Supplemental Social Security Benefits – as a Grandparent Caregiver

You are receiving this email because you signed up to receive Bob Carlson's free e-letter Retirement Watch Weekly, or you purchased a product or service from its publisher, Eagle Financial Publications. [Carlson's Retirement Watch Weekly] [Retirement Reports](www.retirementwatch.com/retirement-resources/) [Retirement Articles](www.retirementwatch.com/retirement-articles/) Brought to you by Eagle Financial Publications How To Get Supplemental Social Security Benefits – as a Grandparent Caregiver by Bob Carlson Editor, [Retirement Watch]( 12/10/2023 SPONSORED [CRITICAL December 13th Warning]( [image]( I'm going public today with an urgent new warning. I believe the most popular investment of 2023 is set to pop…And it could all start just days from now. This has NOTHING to do with A.I. stocks. It has NOTHING to do with crypto currency, and it has NOTHING to do with high-flying tech stocks. Instead, this corner of the market you likely have cash parked in has swelled to nearly $6 trillion. Most people - maybe you - aren't prepared. [Click here to watch this warning now.]( [CLICK HERE...]( Fellow Investor, [Bob Carlson]More and more grandparents and great-grandparents are the primary caregivers and source of support for their grandchildren and great-grandchildren. The latest data indicate that 8% of grandparents have grandchildren living with them. There are many reasons grandparents assume full responsibility for grandchildren. The grandchild’s parents might have died. The parent might be coping with substance abuse or mental illness or be incarcerated. Some parents are unemployed or have such limited financial resources that the grandparents agree to take the children. Grandparents should know the financial resources that might be available. There are two potential sources of income from Social Security. Social Security might pay supplemental benefits when a grandparent is the primary caregiver of a grandchild. The grandparent must provide at least 50% of the grandchild’s support and have done so for at least one year. This applies to a biological grandchild, step-grandchild, or adopted grandchild. In addition, the parents of the grandchild must be deceased or disabled and receiving Social Security benefits, or the grandparents must have legally adopted the grandchild. The Social Security rules say that if a grandparent already was receiving Social Security benefits at the time he or she started caring for the grandchild, then the grandparent must legally adopt the grandchild to qualify for the additional benefits. The grandchild must be unmarried, under age 18 or 18-19 years old and a full-time student no higher than grade 12. Or the child can be 18 years or older and disabled from a disability that started before age 22. Once you’re eligible to receive additional Social Security benefits because you’re a grandchild’s caregiver, the amount you receive will depend on the child’s age, the amount of your Social Security benefits, and sometimes other factors. The supplemental benefits are up to 50% of your full retirement benefit. But there’s a maximum family benefit. The rule is complicated, but in general the total amount your family can receive based on your earnings record is 150% to 180% of your full retirement benefit. SPONSORED [Do You or Any of Your Children Need Term Life insurance, but Don’t Want to Go Through the Tedious Process of Getting It?]( [image]( Not to worry – we have made the process of getting Term Life insurance as easy as 1, 2, 3. With one click, if you are healthy and under age 65, you can get a Term life insurance policy up to $2 million, potentially without a medical exam. 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The child must have been a dependent of the parent at the time the parent passed away. The parent must have qualified for a retirement benefit by working and contributing to Social Security long enough to qualify for 10 credits (which generally means working for the equivalent of 10 quarter years). In addition, the parent must have been working at the time of death. When the child qualifies for survivor’s benefits under a parent’s work history, the child will receive benefits equal to 75% of the parent’s full retirement benefit. The benefits described here generally must be applied for in person at a Social Security Administration Office or over the telephone, not online. To apply, you’ll need the child’s birth certificate or other proof of the child’s birth or adoption. The Social Security numbers of the child, parent, and grandparent also will be needed. If the parent passed away and you’re applying for the child’s survivor’s benefits, you’ll probably need the parent’s death certificate. Other documents might be needed. A 2018 law created the federal Advisory Council to Support Grandparents Raising Grandchildren. The council’s role primarily is informational, reporting resources to support and educate families in which grandparents are the primary caregivers for grandchildren. You might want to review its reports. They’re part of acl. gov. You also might want to review the resources listed at grandfamilies. org. To a better retirement, [Bob Carlson] Bob Carlson Editor, Retirement Watch Weekly Editor’s Note: Deep State bureaucrats are rushing to seize as much as 30% of your retirement savings. Unless you act now, you’re facing the greatest destruction of financial assets in your lifetime. And while this scheme benefits insiders, big banks, and elite special interests.... it could quickly bankrupt you. 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Carlson is the author of the books The New Rules of Retirement and Retirement Tax Guide, editor and investment director of the popular retirement newsletter, Retirement Watch, and editor of the free weekly e-letter, Retirement Watch Weekly. Bob is a frequent speaker at investment conferences around the country, and you can also hear Bob as a featured guest on nationally-syndicated radio shows, such as The Retirement Hour, Dateline Washington, Family News in Focus, The Michael Reagan Show, Money Matters and The Stock Doctor. About Us: Eagle Financial Publications is located in Washington, D.C. – only a few blocks from the Capitol. Our products have been helping investors build their wealth for several decades. Whether you’re a long-term investor or short-term trader, you’ll find the right strategy for you, including how to earn more steady income to spend now, preserve and grow your capital to enjoy later, and whatever other investment goals you have. 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