Maximizing your Social Security benefits requires that you factor in: unknown information, such as your longevity and that of your spouse; known information, such as your health status and level of retirement preparedness; and, information about the possible contingencies that would most strain your ...
Fishbein, Robert A
If you are married, you could always use your spouse's Social Security benefits as a bridge. In other words, staggering when to take Social Security is a common strategy. The Best Social Security Withdrawal Age: 66 I've concluded if we are in average-to-good health, we should wait until...
Your age when you start taking Social Security has a big impact on how much you receive in benefits each month. That’s because the Social Security Administration (SSA) pays a different amount depending on whether you start at age 62; at age 67 (that’s the full retirement age, or “FR...
What Is the Social Security Tax Limit? Once your earnings exceed a specific amount, you can stop paying into Social Security for the rest of the year. Rachel HartmanNov. 13, 2024 What Is the Best Age to Retire? The best time to exit the workforce depends on your unique situation and go...
If you believe you'll make less than $1,000 in a given year through your self-employment, you don't have to pay quarterly estimated taxes. "There can be another strategy for not paying estimated taxes, which may work if you’re keeping your day job or if your spouse ...
their estate will still need to move through probate. But instead of the will dictating who will receive your loved one’s assets, those assets will be distributed according to the intestate laws of the state in which they lived. Usually, this means that the spouse, children and other immedi...
In nine community property states, debts acquired during a marriage are the responsibility of the community — or, in layman’s terms, the couple — even if only one spouse is listed on the account. When the estate loses, beneficiaries lose ...
Death of Spouse When one spouse dies, the surviving spouse is entitled to receive the higher of their benefit or their deceased spouse’s benefit. If the higher-earning spouse dies first, the surviving, lower-earning spouse will receive a larger Social Security check for life.9 ...
Spousal Benefits:A spouse of a retired worker without a sufficient work history or whose work history entitles them to a lower benefit can receive up to half of their spouse’s benefits and does not reduce the insured's benefits.8Thespousal benefitcontinues until one spouse dies. The survivor ...