Tax efficiency is always the goal when it comes to investing for retirement. Spousal RRSPs are a great way to lessen your tax burden, if you are the contributor. It can also help you reduce taxes you pay while i
Married couples have more options for making the most of their Social Security retirement benefits. Members of a couple have the option of claiming benefits based on their own work record or up to 50% of their spouse's benefit at full retirement age, typically referred to as a spousal benefi...
Social Security With Spousal Benefits Spousal Social Security benefits can be complex, but understanding them can help maximize your retirement income. Rachel HartmanFeb. 12, 2025 Job Search Tools for Retirees Learn about websites and apps that help older workers find jobs. ...
can qualify for social security benefits based on your spouse's earning record, even if you've never worked in a job covered by social security. to receive social security spouse benefits, you must be at least 62 years old. if you plan to claim spousal benefits, keep these things in ...
Social Security disability insurance (SSDI) benefits are for disabled workers who've paid taxes into the Social Security system for multiple years. To receive SSDI, you have to meet Social Security's definition of disabled, but it doesn't matter if you're married or not. Getting married won...
Before you claim Social Security early, you may want to think about how the move would impact your spousal benefits. To begin with, not all early filers can access those benefits immediately — and for those who are able to, the decision may not mean getting a bigger monthly check. It's...
Consulting with a financial advisor or tax professional is recommended to determine the best strategy for maximizing contributions and taking advantage of the tax benefits specific to your situation. In Summary A Spousal IRA is a fantastic way for couples to boost their retirement savings by allowing...
Interest won't build. Unpaid interest won't accumulate if monthly payments are made. Benefits for some married borrowers. Spousal income for borrowers who are married and file taxes separately will be excluded from IDR payment calculations; spouses are no longer required to co-sign...
What are domestic partner benefits and rights? In general, a valid, registered domestic partnership offers many of the same rights you would enjoy as a "traditionally” married couple. Although the list below represents a broad, comprehensive overview of what you can expect from a domestic partner...
Spousal rider X Term conversion rider X Term life insurance rider X Transfer of insured X Waiver of premium rider X Frequently asked questions What are life insurance riders? Life insurance riders offer additional coverage to customize your policy. Riders can provide an increased death benefit, help...