You may claim Social Security based on your own work record, if you've earned enough credits, or you may be eligible to claimspousal benefitsbased on your current or ex-spouse's work record if this amount is larger than what you're entitled to on your own. Dependent children and other ...
You may claim Social Security based on your own work record, if you've earned enough credits, or you may be eligible to claimspousal benefitsbased on your current or ex-spouse's work record if this amount is larger than what you're entitled to on your own. Dependent children and other ...
Stepparents or adoptive parents also are eligible for these benefits, as long as they became the deceased person’s parent before that person turned 16. How to apply for Social Security survivors benefits To start receiving Social Security survivors benefits, you need to notify the SSA that your...
However, applying for Social Security too early has some significant costs. Your benefits are permanently reduced if you apply before your own full retirement age. Your payment also would be subject to the earnings test, which withholds $1 for each $2 you earn over a certain amount: For 2023...
Married couples may have some advantages when deciding how and when to claim Social Security. Even though the basic rules apply to everyone, a couple has more options than a single person because each member of a couple1 can claim at different dates and may be eligible for spousal benefits....
Transferring Social Security Retirement benefits to another state is a relatively straightforward process. Whether you are already receiving retirement benefits or planning to apply for them, here are the steps involved in transferring your benefits to your new state: ...
Boost your retirement income.You’re probably aware of Social Security spousal benefits, which essentially allow you to receive up to half of your spouse’s retirement benefit (assuming that works out to more than your own benefit). But did you know you
it might not be optimal to delay both the wage-earner benefits and the spousal benefits until age 70, particularly if one or both of the spouses are in average or poor health. In addition, they may not be able delay their Social Security benefits that long if they retire before age 70 ...
You should apply for Social Security disability benefits as soon as you become disabled. It can take three to five months to get a decision, according to Social Security. This counts as part of the mandatory waiting period of five months after the onset of your disability. You can apply on...
The Social Security system is set up as an intergenerational wealth transfer. This means that all contributions go into one collective pot, so the funds aren’t held in our individual names. The Social Security taxes the government collects from current workers pay for the benefits of current re...