3 Social Security Secrets All Married Couples Need to Know Before Retirement
Sunday, 5 May 2024, 11:00
3 Key Social Security Insights for Married Couples Pre-Retirement
Your spousal benefit will depend on several factors
- Your age: In general, you must be at least 62 years old to qualify. However, if you're caring for a child who is disabled or under age 16, you may be eligible for spousal benefits regardless of your age.
- Your work history: The maximum you can receive in spousal benefits is 50% of your spouse's benefit at his or her full retirement age (FRA).
- The age you file for benefits: While you can file as early as age 62, in most cases, you'll need to wait until your FRA to collect the full benefit you're eligible to receive.
Divorce benefits are also available to some retirees
- Divorce benefits: You may still qualify for extra money in benefits each month if your marriage ends.
You could qualify for survivors benefits later in life
- Survivors benefits: Available primarily to widows and widowers, with amounts depending on your age and relation to the deceased person.
Whether you're married, divorced, or widowed, understanding these vital details about Social Security benefits can significantly impact your financial security in retirement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.