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 qualif...
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 ...
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...
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...
Nursing homes costs are on the rise. Discover top strategies for protecting assets from nursing home costs and improving your Medicaid eligibility.
Knowing when to step out of the workforce can be tricky. Here are some signs that you are ready. Maryalene LaPonsieNov. 27, 2024 Social Security Benefits When You Die Here's what happens to your Social Security benefits after you die. ...
11 Best Places to Retire in Canada For retirees, these Canadian cities offer scenic beauty and amenities to enjoy. Kathleen Peddicord and Tanza LoudenbackJan. 15, 2025 Maximum Social Security Benefit in 2025 Retirees can boost their Social Security benefits by delaying, strategizing spo...
Here's how to earn $65K a year just in interest The return on waiting to claim Social Security is 'huge' "That's when all of the creative filing went away for younger [beneficiaries]," Freitag said. While it can seem complicated, two things to remember about spousal benefits in general...
The location:If you are looking for a job that will require you to relocate, you will want to apply anywhere from 1-3 months earlier than you normally would. The industry:Various industries sometimes take longer the others – this has to be considered and it is a good idea to do some ...
Thedependent child benefitis equal to half of the claiming parent’s full retirement benefit, even if the parent claims early. The younger spouse may also be eligible for aspousal benefit. These additional benefits may offset the lower benefit you receive by filing early.5 ...