People who have been married more than once, for longer than 10 years, may claim benefits against the ex-spouse with the largest Social Security account. And a divorced person who was remarried for less than 10 years may claim benefits on the account of the first spouse. However, as long ...
How to Maximize Social Security Benefits for Married Couples How Social Security Survivors Benefits Work Children’s Social Security Benefits: Rules & Amounts How Much Social Security Does a Nonworking Spouse Get? Not sure how Social Security fits into your retirement plan? Every retirement plan is...
However, popular Social Security calculators can make some general conclusions that apply in many situations. For example, Financial Engines, the large retirement advisory firm, recently updated its free, onlineSocial Security calculatorto accommodate the new rules. It's easy to use: Answer a few q...
SAVVY SENIOR ; How Married Couples Can Boost Social SecurityDear Savvy Senior,I've heard that there are strategies available that can helpmarried couples...Miller, Jim
“The Social Security shopping mall has 81 stores for married couples,” said David Freitag, a financial planning consultant at the MassMutual Financial Group. “One size fits one with Social Security planning. It really needs to be tailored to each couple,” he added. ...
Don’t have a Social Security retirement benefit that pays more than the survivors benefit. In most cases the parent cannot collect survivor benefits if they married after their child’s death, but there are exceptions to the rule. Stepparents or adoptive parents also are eligible for these ben...
Among married couples, it’s natural for the wife to feel insecure sometimes or for the husband to feel needy on certain nights. Sending each other sexy messages while going through each other’s daily work can help in building up the excitement of being finally together at the end of the...
You will have to start paying taxes on Social Security payments if yourtaxable incomeis $25,000 and above for an individual or $32,000 for married couples filing jointly. TheInternal Revenue Service (IRS)uses a calculation to determine how much of the benefit is taxable.24 ...
For investors with income tax rates higher than their long-term capital gains tax rates, it might make sense to use capital losses to offset income rather than capital gains.7 For investors with income below certain levels—$40,400 for single filers or $80,800 for married couples filing join...
$1,044 $1,008 $979 $1,713 $2,167 www.ssa.gov/OACT/COLA/colaeffect.html 5 SocialSecurityandPoverty 2007PovertyLevels Singleindividuals–$10,210($851/month)Marriedcouples–$13,690($1,141/month)WithSocialSecurityonly9%werepoor in2000 Withoutit,48%wouldhavebeenpoor 6 ...