U.S. Social Security will be one of the largest sources of retirement income for most cross-border retirees. It is also one of the most confusing. We clear up the confusion in this video. We discuss:
– Qualifying for U.S. Social Security
– What your monthly benefit will look like
– How your Canada Pension Plan impacts Social Security
– How much your spouse may collect in SS benefits
Watch the video here:
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Hello, currently started receiving $450 SS at 66 years old with 36 SS credits from Totalization agreement and living in Canada. Also getting $610 CPP. If I now go back to US working for 4 credits and after filing taxes do I get higher SS or am I stuck with current amount? Few years back they said Id have $900 with 40 credits. Not sure if WEF is deducting my current SS amount.
Hi,
Thanks for the question. I honestly don’t know the answer. I haven’t seen someone retroactively have a WEP reduction after not having one, but I can’t say for sure that is correct. You will get a higher SS amount if you do work in the states and pay into SS. Also, if you want Medicare, you will want 40 credits here in the states. Thanks, Bryan