With Social Security spousal benefits, you're eligible for up to 50% of your spouse's monthly benefit at theirfull retirement age. If your spouse's benefit at full retirement age is $3,000, you can collect $1,50
Spousal benefits can boost your Social Security if your spouse earns significantly more than you. However, if you’re employed for most of your working years, you may still qualify for a bigger benefit on your own. If you’re wondering how much you...
If you're claiming spousal benefits and your partner passes away, Social Security will convert your spousal benefits to survivors benefits. The conversion to survivors benefits makes you eligible to receive up to 100% of your deceased spouse's benefit, including any delayed retirement credits they ...
Spousal Benefit Eligibility You are eligible for spousal benefits if your spouse has filed for Social Security benefits and you are at least age 62, or caring for a child who's entitled to receive benefits on your spouse’s record and is younger than age 16 or is disabled.3 Y...
1. How is your benefit determined? The amount of Social Security benefits you receive is based on your work history, both years and earnings. The SSA considers your wages over the 35 years during which you earned the most money, up to the annual payroll tax cap. There's a...
When a spouse dies, the benefit amount received from Social Security by the survivor will depend on three things: 1) whether the deceased spouse had begun to collect benefits prior to his death; 2) the time at which the deceased spouse first began to collect his Social Security benefits; an...
For married couples expecting to utilize the Social Security spousal benefit, early retirement may have a major impact on the lifetime benefits received. This article examines Social Security spousal benefit considerations in early retirement and performs a present value analysis of starting benefits at...
are eligible for the spousal benefit, you may be eligible to receive more from Social Security based on your own earnings record than you would receive through that of your spouse. If this is the case, theSocial Security Administration (SSA)automatically provides you with the greater benefit.5...
For couples with big differences in earnings, claiming the spousal benefit may be better than claiming your own. What's more, Social Security payments are reliable and should generally adjust with inflation, thanks to cost-of-living increases. Because people are living longer these days, a ...
The marriage lasted for at least ten years; The person is 62 years of age or older; The person has not remarried; and The person’s own Social Security retirement benefit is lower than the spousal benefit (in the case of a homemaker or spouse who did not work outside the home, they ...