Many divorced people don't realize they can getSocial Securitybenefits derived from their ex-spouse's work history, said William Meyer, founder of Social Security Solutions, a website that helps people determine when and how to claim Social Security. Those who are aware of the benefits often m...
Social Security can provide a "benefit matrix" comparing benefit options.The document may show you how your monthly benefit and your survivor benefits compare. "We always tell folks, if they're looking to determine the best course of action between their own benefit and or a surviving spouse b...
Step 5: Plan together.One spouse often takes on the responsibility for most of the retirement planning. This is a big mistake, because what happens if that spouse dies first? Even if youwork with a retirement planner, it's important that both spouses understand the retirement planning strategie...
Love and marriage don't always work out. But even if your marriage ended in divorce long ago, here's a piece of good news: You may be able to get more Social Security by taking benefits based on your ex-spouse's work record instead of your own.
In most states, most or all of the money goes to the deceased’s spouse and children.How do banks discover someone died?Banks need to know when an account holder dies so accounts can be promptly closed and funds distributed.Family memberA common way for a bank to discover that an account...
J. D. B. SchillerMedical economics
000 for those filing jointly, then you will have to include some of your benefits as taxable income. If you are married but file a separate tax return from your spouse and live with your spouse at any time during the year, then 85% of your Social Security benefits will be taxable ...
These moments of self-discovery can be both exciting and challenging, especially when they reveal that you and your spouse may have grown apart and there's no longer an emotional connection. In cases like these, it's not about infidelity, trust issues, or the failure of the other person to...
less than 20 employees, double-check that you will still be covered past 65. If you have COBRA coverage, make sure to sign up for Medicare. If these do not apply to you, and you're still covered by your (or your spouse's) health insurance, you can put off signing up for Medicare...
There are several remedies available for thosewho are taxed on their Social Security benefits. Perhaps the most obvious solution is to reduce or eliminate the interest and dividends that are used in the IRS's provisional income formula (which is the same as the Social Security A...