A spouse may receive Social Security benefits once a worker retires. If the spouse is at least 62 years old, they can apply for benefits at a reduced rate. By waiting until full retirement age, they can receive up to half of the value of the monthly benefit payment without reducing the ...
How and When to Apply for Survivor Benefits To apply for survivor benefits, you should notify the Social Security Administration (SSA) immediately following a person's death. While you cannot report a death or apply for survivor benefits online, you can contact the SSA at 1-800-772-1213 (TT...
Social Security spousal benefits pays qualifying spouses the greater of the two: their benefit based on their own work record (if they worked), or up to 50% of their spouse’s benefit. When you apply for benefits, the Social Security Administration calculates it both ways and pays you the ...
How to apply for Social Security What you'll need to apply for Social Security MORE LIKE THISInvestingSocial Security You can apply for Social Security retirement benefits up to four months in advance, and you can begin receiving benefits as early as age 62. To apply for Social Security, fil...
retirement, now's a good time to learn how to maximize your Social Security benefits. Some little-known strategies could boost your household’s benefits, whether you live alone or still have minor children at home. Here are six ways to get the most out of your retirement benefits. ...
Also note that retirement benefits don't increase after age 70, so that's the latest age at which individuals should wait to claim their benefits. To make the best decision when to take Social Security benefits, you need a clear understanding of the benefits you would get under three scenari...
Social SecurityRetirement BenefitsRetirementFactorsFactorThe article presents questions and answers related to social security. One person asks what factors he should consider for the right time of social sec...
“Social Security benefits are calculated from the 35 years of work in which your salary was at its highest,” says Mark Bodnar, CFP, wealth advisor at Octavia Wealth Advisors in Cincinnati. “This is important to consider, because if you have not worked for 35 years, zeros will be factore...
(meaning they never paid Social Security taxes) may still be able to get retirement benefits under Social Security. You need to be at least 62 years old and your husband or wife must be eligible for retirement or disability benefits to apply. This second payment can significantly add to the...
Learn how to transfer your social security benefits to another state and ensure your financial stability. Get expert advice on managing your finances effectively.