Navigating Social Security Spousal Benefits
Saturday, 10 August 2024, 05:07
Understanding Spousal Benefits
As you approach retirement age, understanding spousal benefits becomes crucial. Evaluating your eligibility can help ensure that you and your spouse maximize your Social Security payments.
Key Factors to Consider
- Age: Your turning 70 could affect your benefits.
- Contribution History: Your Social Security contributions determine the benefits available.
- Marital Duration: The length of your marriage might influence eligibility.
Conclusion
Ensuring you both maximize your benefits requires strategic planning and knowledge of the regulations surrounding Social Security. Engage with a financial advisor if necessary.
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.