![]() If your spouse takes Social Security before his full retirement age, his or her monthly benefits will be reduced. It is important to note that claiming a spousal benefit does not impact the benefit amount received by the worker whose earning record is being used. Additionally, if you are the higher earner, your spouse can apply to collect spousal benefits based on your work record. In order to qualify for Social Security spousal benefits, you must be at least 62 years old and your spouse must also be collecting his or her own benefits. You are automatically entitled to receive whichever benefit provides you the higher monthly amount. For this reason, it is important to understand how the spousal benefit works and how it can impact the amount of Social Security income you receive.Īs a spouse, you can claim a Social Security benefit based on your own earnings record, or collect a spousal benefit in the amount of 50% of your spouse’s Social Security benefit, but not both. Social Security is a vital source of retirement income for most women. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |