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...
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: Age: Most pension plans have a minimum age r...
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...
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 they provide continued income forsurviving spouses...
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 retirement income...
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. ...
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 retirement income. Rachel ...
To get a head start on the application process, you are allowed to apply up to four months before you want your benefits to begin.16 When to Postpone Social Security Benefits You can start receiving Social Security as early as 62, but your monthly payments will be larger for every month ...
The article offers information on the issue of same-sex spousal benefits in the U.S. It highlights the Internal Revenue Service (IRS) which created a formula to determine the employee's reportable wages and the amount of tax due. The article also mentions the Medicare tax rate in relation ...
Additionally, the proposed changes to the spousal benefits could create newly eligible beneficiaries who are not currently getting such payments and could have to apply specifically for the benefit. The CBO estimates about 70,000 new beneficiaries by the end of 2033. Also, recipients with complica...