Almost 68 million Americans are expected to receive Social Security benefits this year through the government’s retirement, disability andsurvivors programs. And if you aren’t already receiving benefits, chances are good that you’ll qualify in the future. The Social Security Administration says ...
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...
Retired Workers:Lifetime benefits for those who contributed to Social Security during their working years.5Retirees can claim benefits as early as age 62, but the benefits are reduced by up to 30%.6Payments increase for those who wait untilfull retirement ageor age 66 for those born 1943–19...
You would get a divorced spousal benefit only if it's greater than the amount you've earned on your own work record when you apply. Social Security pays the higher of the two amounts — not both. Divorced spousal benefits end if you remarry. To apply, you must be at least 62. Your...
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 ...
. However, additional benefits such as spousal benefits may help supplement income for lower earners. Good to know: If you receive a government or private pension for a job that didn’t contribute to Social Security, the SSA may reduce your benefits. How much the SSA reduces them depends on...
Social Security benefits to maximize the payouts they receive. To get more money long-term, the article recommends delaying signing up for benefits, signing up for spousal benefits while still working, and claiming then suspending benefits if one's spouse does not work....
Social Security spousal benefits Working while collecting Social Security Are Americans ready to fix Social Security? But the retirement benefits you collect depend on the age you begin to collect them. Generally, the earliest age you can access benefits is 62. However, they will be less than wh...
In the first question, both husband and wife are working. One spouse asked about the possibility of waiting until the age of 70 before taking social security benefits. The second question centered on how spousal benefit for Social Security work.Wall Street Journal - Eastern Edition...
You can take Social Security income based on your own work history and earnings, or you can collect a spousal benefit instead. If you take the benefits based on your spouse's work history and earnings, you will get 50% of the amount of your spouse’s Social Security benefit. This ...