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 ...
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...
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...
If you're married to someone who's eligible for Social Security, or you used to be married to someone who can get benefits, you may be entitled to spousal benefits worth up to 50% of what your current or ex-spouse gets at theirfull retirement age. But there are some rules to follow....
Sign up for Medicare or other health insurance. Check your retirement benefits. Take advantage of last-minute benefits at work. Consider rolling over your 401(k) to an IRA. Make a financial plan. Decide what to do next. Decide When to Start Social Security You're eligible to claim Social...
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...
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. ...
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. ...
Social Security Benefits for Children If you had children later in life, they might be entitled to Social Security benefits when you retire. Maryalene LaPonsieJan. 29, 2025 $1 Million Into Passive Income Learn how to allocate funds to receive passive income in retirement. Rachel HartmanJan. 28...
Spousal Benefits Some states offertax reductions for widowsand widowers, such as a reduction in property taxes for a certain period of time. For example, in Florida, surviving spouses are entitled to receive a reduction in the taxable value of a property they own by $500 each year, in perpe...