doi:urn:uuid:c6b1d4906c62b410VgnVCM100000d7c1a8c0RCRDA lot of questions about Social Security revolve around basic procedural issues.Gail BucknerFox Business
The Bipartisan Budget Act of 2015 changed the rules on filing for spousal benefits underSocial Security, eliminating some popular claiming strategies that once allowed couples to increase their benefits. The new law didn't, however, do away with spousal benefits entirely. If you qualify...
Planning for & Living in Retirement NexGen MoneyHome Retirement Daily Ask BobAsk Bob: How Do I Get the Most From Social Security Spousal Benefits? A reader wants to know how to maximize Social Security benefits for a couple at full retirement age. ...
What do you need to apply for survivors benefits? If you were already receiving spousal benefits before the death, you will not need to submit an application. Instead, the SSA will automatically convert your package to your spouse’s. If that’s not the case, completeForm SSA-10, and gath...
You May Also Like The Cheapest Places to Retire Abroad Here’s where you can retire well overseas on a very small budget. Kathleen PeddicordFeb. 12, 2025 Social Security With Spousal Benefits Spousal Social Security benefits can be complex, but understanding them can help maximize ...
You May Also Like The Cheapest Places to Retire Abroad Here’s where you can retire well overseas on a very small budget. Kathleen PeddicordFeb. 12, 2025 Social Security With Spousal Benefits Spousal Social Security benefits can be complex, but understanding them can help maximize your retireme...
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
Some of your expenses will likely decrease in retirement, but many, such as hobbies, travel, and health care, could go up. Remember that you don’t qualify for Medicare health benefits until you are 65. So, be sure to budget for health insurance, which can be surprisingly expensive. ...
Before you can apply for pension benefits, it’s essential to determine if you meet the eligibility requirements set forth by your pension plan. While the specific criteria may vary depending on the plan, there are some common factors to consider: ...
Generally, you need to have earned income to contribute to an IRA, but there are exceptions. Married couples in which only one spouse earns income can contribute to aspousal IRAon behalf of the non-earning partner. Standard contribution limits apply, meaning that a couple that files jointly co...