Q. My husband is 62 and was laid off. Can he collect Social Security retirement and unemployment at the same time? C.S., Marietta, Ga.
A. Maybe. Usually, any unemployment benefits won’t reduce your husband’s Social Security retirement payments. That’s because unemployment doesn’t count toward the Social Security “earnings test.” Furthermore, in most states Social Security won’t reduce your unemployment benefits either. A few exceptions are Illinois, Louisiana, Minnesota and South Dakota.
Tip: The earnings limit in 2014 for people who have not reached normal retirement age is $15,480. You forfeit $1 in benefits for every $2 of earnings above the limit.