Brush Stroke

How to Maximize Social Security With Spousal Benefits

By: Sahil Luthra

American Street

Brush Stroke

Social Security With Spousal Benefits

Social Security in the states is providing the Spousal Benefits to the eligible residents.

Brush Stroke

Social Security With Spousal Benefits

So, Social Security Payment will be decided according to your age, work history and marital status.

Brush Stroke

Receive Up To 50%

In US, It is a very good news for the residents that they are eligible to get up to 50% benefits of their Spouse's.

Brush Stroke

Married for At Least 1 Year

Spouses can only apply if they have been married for one year at least.

Brush Stroke

Divorcee Can Also Apply

Divorcee can apply for Social Security even after two years of divorced but their marriage should be lasted for 10 plus years.

Brush Stroke

Personal Benefit Over Spousal Benefit

You may be eligible for a personal benefit if you have a work history. If your personal benefit is more than your spousal benefit then you are eligible for higher amount. 

Brush Stroke

Spousal Social Security Benefits

If you starts payment at full retirement age or older usually 66 or 67 or more than that then your spousal benefits will be 50% of your spouse's benefits.

Brush Stroke

Social Security With Spousal Benefits

Without any reduction you may be eligible to receive spousal benefits when your spouse receives Social Security benefits and you have a qualifying child who is under age 16 or disabled and receives Social Security child benefits.

Brush Stroke

Divorce and S S Spousal Benefits

If you marry someone else after getting a divorce, you will not be eligible to receive spousal benefits through your ex-spouse. You will instead be eligible for spousal benefits based on your new spouse's work record.

Brush Stroke

Spousal benefits if Spouse Passes Away

The survivor may choose to forego their own benefit and continue with the benefits of the deceased spouse if their benefit was higher.

Brush Stroke

Deceased Spouse's Benefits

If you remarry before 60 then it declined your eligibility to collect on your deceased spouse's or ex-spouse's record.

For More Web-Stories, Swipe-up

More Stories.

Top 7 Investment Stocks of Warren Buffett

Top 7 Financial Issues during retirement in United States

Twitter
YouTube
Instagram
Facebook