Social Security spousal benefits let you claim up to half of your spouse’s retirement benefit—if that amount is higher than what you’d receive based on your own earnings. What many people don’t realize is that this option may still be available even after a divorce. Like most Social ...
"Smash the cap"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...
The Social Security Administration (SSA) increases benefits periodically via acost-of-living adjustment (COLA)to keep pace with inflation. In 2023, due to the high inflationary environment, beneficiaries of Social Security and Supplemental Security Income (SSI) received an 8.7% COLA adjustment. As i...
Assure that they aren’t getting any social assistance except for disabled people. Must be able to look after the finances of the sponsored person When is an individual eligible to be sponsored? Spouse: An individual must be lawfully wedded to the sponsor personally at a ceremony. ...
J. D. B. SchillerMedical economics
For instance, if the full retirement age is reached in July, the total benefit income earned from January to July must be below the limit, or Social Security benefits are lowered by $1 for every $3 of income over the limit. For 2025, that limit is $62,160, up from ...
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 member A common way for a bank to discover that...
When a loved one dies, whether it was unexpected or not, everything else can seem insignificant. Though the natural inclination might be to put things off, there are important legal and financial matters that need to be handled right away. Whether you're a spouse, partner, parent, sibling,...
After losing a spouse, how do you regain financial confidence and ensure long-term security? Losing a spouse can leave widows feeling overwhelmed, especially when it comes to finances. But taking control doesn’t have to be daunting—it can be empowering. In this episode, Stacy Francis and Na...
Your tax bill isn't chiseled in stone at the end of the year. Here are 10 tax tips and steps you can take after January 1 to help you lower your taxes, save money when preparing your tax return, and avoid tax penalties.