Same-sex couples have access to a host of Social Security benefits that they couldn't receive before, but there are still many questions unanswered.
doi:urn:uuid:c6b1d4906c62b410VgnVCM100000d7c1a8c0RCRDA lot of questions about Social Security revolve around basic procedural issues.Gail BucknerFox Business
Pension plans often include spousal survivor benefits, which allow surviving spouses to receive part of the pension payments after the pension holder’s death. These benefits can play a key role in long-term financial planning for married couples, as the
When your spouse does file, you would be eligible for spousal benefits. However, because you filed early, you still wouldn't be entitled to the full 50%. "The spousal benefit would still be reduced because you claimed early," Sherman said. ...
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For anyone born on Jan. 2, 1954 or later, however, the ability to claim a spousal benefit using a restricted application has been eliminated. Spouses can still file for a spousal benefit, but when they do, they will be considered to have filed for all benefits available to t...
Analimonysubstitution trust, meanwhile, is an agreement in which a divorced person agrees to pay spousal support via a trust’s generated income. With regard to taxation, the ex-spouse responsible for providing payments is not required to pay income taxes on the trust’s income nor qualifies to...
To take advantage of a spousal IRA, you have to be married, and yourtax filing status must bemarried filing jointly. You can’t make a spousal contribution to an IRA if youfile separately.6 Benefits of a Spousal IRA A spousal IRA is an excellent way for a spouse who doesn’t work fo...