fbpx

Social Security Spouses' Benefits Explained Featured

Social Security, Presented by J. Dyer November 15, 2020 393

Take your spouse into account when making retirement decisions

Big Idea

  • It’s important to understand how your future retirement might affect your spouse
  • Your spouse’s benefit amount could be up to 50 percent of your full retirement age benefit amount.
  • You cannot receive spouse’s benefits unless your spouse is receiving their retirement benefits
  • A special rule called the retirement insurance benefit limit may apply to you
  • Read more...

Social Security benefits are available for spouses, but it is important that you understand the requirements.

Understanding how your future retirement might affect your spouse is important.  Here are a few things to remember when you’re planning for your retirement.  Your spouse’s benefit amount could be up to 50 percent of your full retirement age benefit amount.  If you qualify for a benefit from your own work history and a spouse’s record, we always pay your own benefit first.  You cannot receive spouse’s benefits unless your spouse is receiving their retirement benefits (except for divorced spouses). 

If you took your reduced retirement first while waiting for your spouse to reach retirement age, your own retirement portion remains reduced.  When you add spouse’s benefits later, the total retirement and spouses benefit together will total less than 50 percent of the worker’s amount.  You can find out more about this at www.ssa.gov/OACT/quickcalc/spouse.html.

If your spouse’s retirement benefit is higher than your retirement benefit, and he or she chooses to take reduced benefits and dies first, your survivor benefit will be reduced, but may be higher than what your spouse received.

If your deceased spouse started receiving reduced retirement benefits before their full retirement age, a special rule called the retirement insurance benefit limit may apply to you.   The retirement insurance benefit limit is the maximum survivor benefit you may receive.  Generally, the limit is the higher of:

  • The reduced monthly retirement benefit the deceased spouse would have been entitled to if they had lived, or
  • 82.5 percent of the unreduced deceased spouse’s monthly benefit if they had started receiving benefits at their full retirement age (rather than choosing to receive a reduced retirement benefit early). 

Knowing about these benefits can help you plan your financial future.  Access a wealth of useful information and use our benefits planners at www.ssa.gov/benefits/retirement

 

 

 

Rate this item
(0 votes)
Last modified on Sunday, 15 November 2020 01:53
Published in Arizona News

Latest Tweets

RT @AP: Facebook and its Instagram and WhatsApp platforms are suffering an outage. The company said it was “aware that some people are havi…
Digiqole - News Magazine WordPress Theme version 2.0 released with lots of improvement https://t.co/VAqf5vloNy https://t.co/kmKM6LmHoe
👉 We are excited to announce that,📱 WPCafe is coming soon with iOS and Android APP! ✅ Download WPCafe Free :… https://t.co/DgSVA7Cr3I
Follow Themewinter on Twitter

Post Gallery

Arizona Recognizes Adoption Awareness Month

Governor Ducey Thanksgiving Message

So Many Things to Be Thankful For

1st Ever DEA Citizen's Academy a Resounding Success

RWOP Steps Up for Veterans

Representative Nguyen to Sponsor Anti-Communist Civics Education for Arizona Students

Gosar Recognized for Protecting American Seniors

Motorcycle Accident Results in Critical Injuries

Gosar Receives Censure from House, Endorsement from Trump