Questions About Social Security Spousal Benefits

Requirements For Receiving Spousal. Even adult children can qualify for survivor benefits under certain circumstances. Social Security benefits can be very complicated. An ex-wife may qualify for Social Security benefits along with a present wife, based on the work history of the husband. Based upon the way the Social Security system works, both spouses can request benefits based on their partner’s Social Security work record. Here are a few recent ones: “My husband started receiving his Social Security at age 66 in January. Social Security Spousal and Survivor Benefits Social Security Spousal and Survivor benefits offer financial support to spouses and dependents of Social Security-eligible beneficiaries. Questions, I get questions from readers--and plenty of them are about Social Security's valuable spousal and survivor benefits. As more common questions are brought forth I’ll update the list – let me know if there’s anything missing or if any of the FAQ’s needs a better explanation. Social Security retirement benefits were created to help older Americans live in dignity and independence after a lifetime of work. The Social Security website can help you determine what your FRA, as it depends on your year of birth. Who can get benefits and how to apply. Your spousal benefit is not affected by the age at which your husband or wife claimed Social Security benefits. EFFECTIVE DATE OF CHANGE AND IMPLEMENTATION A. Social Security offers a variety of options for retirees with plans they can tailor to best meet their personal needs. Can you work and receive a spouse's survivors benefits based on your deceased spouse's SSDI disability benefits? The simple answer to this question is: It depends. The calculation for spousal benefits is based on retirement age of. However, many don’t know that there are other ways to maximize their benefits, some of which depend on their marital status. • Spousal Social Security benefits are available to both a current spouse and a former spouse, but special rules apply to divorced spouses. If the wife begins receiving the spousal benefit before she reaches her full retirement age, say at age 62, will it tie her own Social Security benefit to age 62 benefits, or can she still delay. Today we answer a question from a blog follower about this claiming strategy. The calculation for spousal benefits is based on retirement age of. You’ll find answers on the key factors that shape your benefits, from early-filing penalties and delayed retirement credits to cost-of-living adjustments and Medicare premium deductions. Answering Common Questions about Social Security Spousal Benefits. * Social Security benefits for a former spouse. Navigating Social Security can be surprisingly complicated - but it's important to know your options to ensure you are making the most of your benefits. This is a question for a Social Security rep, but it is my understanding that your spousal benefit will be calculated based on your husband's windfall elimination provision-reduced benefit amount. James Wood, a professor at the University of. If you file for social security spousal benefits between the age of 60 and your normal retirement age, the amount you receive will shrink 71 to 99%. It doesn't happen automatically. For retirement and spousal benefits, full retirement age will reach 67 for people born in 1960 and after. Based on our earning, we are both entitled to about $2,000/month. “Rather, it should be to maximize joint lifetime benefits,” he says. Q: If I take spousal benefits at my full retirement age of 66, can I collect my own Social Security benefits at 70 and collect delayed retirement credits? A: Yes, but only if you were born on or. Hi, Possibly, but you could only qualify for spousal benefits if 50% of your husband's full Social Security disability (SSDI) benefit rate, which is equal to his primary insurance amount (PIA), is higher than your PIA. The question says, "Can I restrict my application for benefits and apply only for spouse's benefits and delay filing for my own retirement benefit in order to earn delayed retirement credits?". worker, must be receiving Social Security benefits. Retirees who worked 40 quarters, 10 years, under social security are eligible for benefits as early as age 62, but benefits are permanently reduced for each month of entitlement prior to the full-benefit retirement age, currently age 66. 6 questions to ask about Social Security. According to Social Security Administration rules, a person can apply for benefits based on the earnings record of a spouse if that person is at least 62 years of age and the spouse is eligible. Social Security will tell you your widow(er)'s benefit or your divorced spouse's benefit gross monthly estimate at your full retirement age. Reduced widow benefits can start at the age of 60 and can receive full benefits at retirement age. Your spouse’s benefits under Social Security may be affected by the Government Pension Offset. Find out more about social security. James Wood, a professor at the University of. They can boost the payout when they collect a spousal. The husband could continue to collect on spousal benefits until he has reached the age of 70. However, if the spouse died before ever filing for Social Security benefits, when the surviving spouse reaches retirement age, he or she is eligible for 100 percent of survivor benefits. You can use our sample letter to tell a debt collector that your Social Security or VA benefits are protected from garnishment. Columnist Phil Moeller's recent forays into Social Security spousal benefits—and in particular benefits for divorcees—generated a flurry of follow-up questions from readers. Filling out the questionnaire will tell you which benefits you might be eligible for, along with information about how to qualify and apply for those benefits. This represents a relatively low level of knowledge about spousal and survivors benefits. For every year that you postpone Social Security benefits, your total Social Security Benefits will increase by 8%, Retirement, 128 replies Social Security "Spousal Benefits" often overlooked, you could get more then you think. Click here to begin receiving your copy today!. Married couples may have some advantages when deciding how and when to claim Social Security. Death benefits from Social Security can include ongoing survivors' payments, as well as a one-time lump sum -- $255 as of 2012 -- to spouses or. In order to receive spousal benefits, you must be at least 62, but you do not need to qualify for Social Security benefits on your own. " Jane responded. Columnist Phil Moeller's recent forays into Social Security spousal benefits—and in particular benefits for divorcees—generated a flurry of follow-up questions from readers. Your age, the length of your marriage and your current marital status all determine whether you qualify for an ex-spousal benefit. My husband always made more money than me during our marriage. [Question]If I take spousal benefits at 66 (my full retirement age), can I collect my own Social Security benefits at 70 and collect delayed retirement credits? [Answer]Yes, but only if you were. Social Security Survivor Benefits. The direct answer to your question is no, your ex doesn't have to be involved for you to collect benefits based on his record -- assuming that you qualify under Social Security rules governing. The Social Security Administration estimates that retirement benefits provide 40 percent of pre-retirement income to a retiree. Before Applying for SSD - SSD vs. If you are both at least age 62, which is the earliest you are eligible for personal or spousal benefits, and you have been divorced for at least two years, Social Security allows you to make an. The reduction amount is equal to 2/3 of your government pension. DISCLAIMER - You should consult with your local Social Security Office before acting upon any information received as a response to your question on "Social Security Advisor". Additional questions might include whether you or your spouse had ever filed for benefits, including Supplemental Security Income or Medicare, for yourself; whether your spouse filed for benefits for himself; whether you are eligible to receive or expect to receive benefits based upon your own employment. He’s trying to decide if he should take social security at 63 or wait until he is 66, and get the full retirement amount. Social Security rules are complicated, but you probably have a basic understanding of how they apply to you. Benefits for a divorced spouse Your divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Social Security coverage is a basic element of the retirement package for FERS employees and for CSRS Offset employees. Click here to begin receiving your copy today!. The recent decision by Congress to phase out the file-and-suspend. When presented with a true-or-false quiz on Social Security, only one person -- out of more than 1,500 tested-- answered all 10 questions correctly, according to the report from MassMutual. Questions and answers about spousal benefits. The content you post here, as well as the response, is available for public viewing. The husband could continue to collect on spousal benefits until he has reached the age of 70. If you wait to take spousal benefits until your. What is the Social Security Disability Spousal Benefit? Social Security pays benefits to people who cannot work (are unable to engage in substantial gainful activity) because they have a medical condition that is expected to last at least one year or result in death. Some different rules apply for divorced and surviving spouses. Social Security benefits may be available if you are the survivor–that is, the spouse, child, or parent of a worker who dies. If you and your spouse are getting close to retirement you should know that there are various benefits available to spouses, including divorced or surviving spouses. By filing for either benefit, you are deemed by law to have filed for both types. He will be 65 in November and will begin collecting his SS then. Read * 10 things you should know about Social Security. When someone dies, their Social Security benefits may become available to their current or former spouse, depending on certain circumstances. Here are a few facts families should know about Social Security spousal benefits. Benefits paid to a disabled widow(er) are unaffected by remarriage. Yes, the benefit will be a good bit bigger, but she will miss out on 5 years of benefits, or $11K/ yea. What and when you collect will make a huge difference to your lifetime benefits. Download the PDF. Social Security Spousal Benefits: Real World Examples of How the System Works by Aegis Financial Advisory | Fee-Only Financial Planning providing Client-Centered Planning for Life. What and when you collect will make a huge difference to your lifetime benefits. I receive more questions about Social Security than any other topic I cover, especially with my recently published article series on Maximizing Social Security. Social Security spousal benefits are just one of these features. You can receive spousal benefits when you reach retirement age or a permanently reduced spousal benefit beginning at age 62. Filling out the questionnaire will tell you which benefits you might be eligible for, along with information about how to qualify and apply for those benefits. Social Security Disability list of impairments How to Qualify for Disability, Mental Disability Disability Lawyers FAQ, Disability Back Pay Social Security Retirement Questions 1. My husband always made more money than me during our marriage. You have one person collecting what they paid in, and the spouse also collecting 50% of the same amount. A lot of people don’t realize that, but this year, for example, we gave everybody a 1. As more common questions are brought forth I'll update the list - let me know if there's anything missing or if any of the FAQ's needs a better explanation. In this installment of “Coffee, Couch, Questions” I sit on the couch (drinking coffee) and answer the question about how to handle spousal Social Security benefits. Contact us at: (800) 248-1100 for questions about social security benefits nationwide! Consultations with our experienced social security lawyers are free! It is important that you have a careful strategy when proceeding through the application and appeals process, and this is also a reason why many choose to seek representation. Download the PDF. Couples still deciding when to collect. Questions & Answers › Category: Spousal Benefits › Switching from personal benefit to spousal benefit 0 Vote Up Vote Down Armando817 asked 2 years ago My wife has her own SS benefit. Now, you may be asking what are the requirements in order to receive spousal benefits?. Will I be able. “Rather, it should be to maximize joint lifetime benefits,” he says. If you get divorced or remarry at the wrong time, you could lose your right to receive those spousal Social Security benefits. Benefits provide financial support to help compensate for the lost income. Please rely on information obtained directly from the Social Security folks as they have the final say as to how things work. Married couples often have some questions about their benefits, and we would like to touch on something here. “Social Security” refers to the federal Old-Age and Survivors Insurance benefits (OASI), which originally covered only the “worker spouse. The content you post here, as well as the response, is available for public viewing. "Help! You wrote that people my age, 66, can get spousal Social Security benefits and, later, switch to their own retirement benefit. It comes down to which choice results in a higher benefit amount. Benjamin F. Social Security benefits can be very complicated. Your spousal Social Security benefits may be one of your more valuable assets. social security retirement benefit for spouse: I received a letter from social security saying to apply for retirement spousal benefits. Navigating Social Security can be surprisingly complicated - but it's important to know your options to ensure you are making the most of your benefits. A change in Social Security rules regarding a restricted application also applies to ex-spouse benefits for anyone born on or after January 2, 1954. Learn what a "my Social Security" online account is and what it can do for you. You also need a Social Security number to get a job. Here's how to find out your Social Security retirement age and how much you will receive in retirement. Social Security's online retirement benefit application process is a safe way to file for your retirement benefit, because it asks you this one very important question. When should I take Social Security spousal benefits? As with other Social Security retirement benefits, you can begin taking them at age 62 1, but if you do so, you will receive them at a permanently reduced rate, which is a percentage based on the number of months up to your full retirement age. Supplemental Security Income (SSI) Learn how SSI helps aged and disabled people with limited income and resources. The following questions can help you gain a clearer understanding of when to collect Social Security. May 03, 2019 · How Social Security Survivor Benefits Work. One of the questions that I am frequently asked is "Can I collect divorced-spousal Social Security benefits. The spousal benefit can be as much as half of the worker's "primary insurance amount," depending on the spouse's age at retirement. This is a notable difference from the Social Security retirement benefit, which goes up in value if you don't claim it until you reach 70. Social Security Spousal Benefits: Real World Examples of How the System Works by Aegis Financial Advisory | Fee-Only Financial Planning providing Client-Centered Planning for Life. Contact us at: (800) 248-1100 for questions about social security benefits nationwide! Consultations with our experienced social security lawyers are free! It is important that you have a careful strategy when proceeding through the application and appeals process, and this is also a reason why many choose to seek representation. Top Social Security Questions for 2011…AARP Has the Answers! The following questions came to AARP directly from participants in this webinar and have been organized into four categories, including: Claiming Social Security benefits, including general questions related to claiming your benefits,. 5th edition Personal Financial The adviser’s guide to retirement and elder planning Social Security planning Theodore Sarenski, CPA/PFS Planning Section. We laugh today at the use of the term “wife” in early Social Security documents, but back then it was nearly always the husband who was the breadwinner and the wife who did not have enough earnings to qualify for her own Social Security benefit. But I would not expect her spousal benefit to be reduced. We know that at one point or another all of us face the same problem: Which benefits should I collect, and when should I do it? The question of when to collect is very difficult. Filling out the questionnaire will tell you which benefits you might be eligible for, along with information about how to qualify and apply for those benefits. You also need a Social Security number to get a job. The deceased must have worked long enough under Social Security to qualify for benefits. My husband is 59 and he is receiving SSDI do i qualify for spousal disability benefits on his account. Married couples may have some advantages when deciding how and when to claim Social Security. Also I have a question about survivor benefit. Even adult children can qualify for survivor benefits under certain circumstances. When it comes to spousal benefits, do you really. , Retirement, 48 replies SOCIAL SECURITY EX-SPOUSAL BENEFITS, very specific question, Retirement, 16 replies. They can boost the payout when they collect a spousal. He offered five questions to ask potential advisors as well as answers that should raise red flags in the. Based upon the way the Social Security system works, both spouses can request benefits based on their partner’s Social Security work record. Certain members of the deceased worker's family can apply for survivor benefits from the Social Security Administration (SSA) when the worker dies if the worker was entitled to Social Security disability insurance (SSDI) before dying. With this in mind, I've developed the following list of Frequently Asked Questions, a FAQ for Social Security Spousal Benefits. For every year that you postpone Social Security benefits, your total Social Security Benefits will increase by 8%, Retirement, 128 replies Social Security "Spousal Benefits" often overlooked, you could get more then you think. That was before the file-and-suspend claiming strategy disappeared for good on April 30, 2016. The worker is eligible for the higher benefit, but he or she can't choose to take just the spousal benefits and allow his or her own benefits to keep increasing until age 70. * Social Security benefits for a former spouse. The good news is that these requirements are in relatively easy reach for most healthy people who’ve worked for a number of years. These benefits are equal to half of what the person who paid into Social Security receives. Understand how Social Security spousal benefits work to make the most of your retirement funds. The husband could continue to collect on spousal benefits until he has reached the age of 70. Use the Summary of Benefits and Coverage from your spouse's or state-registered domestic partner's employer-sponsored medical plan(s) to answer the Spousal Plan Calculator questions. The file-and-suspend rule previously allowed an individual at full retirement age or older to apply for Social Security benefits and immediately suspend them so his spouse could collect spousal benefits. If, instead, the wife is eligible for her own Social Security retirement benefits because she worked enough years, but she took some years off for family purposes and has a smaller PIA of $750. Finally, the Social Security retirement system is gender neutral, so while this article has assumed that the wife is the one applying for Social Security spousal benefits, if the wife earns more than the husband, the husband can apply for spousal benefits based on his wife’s earnings. You would not be alone if you didn't know how Social Security works. By a qualifying child, we mean a child who is under age 16 or who receives Social Security disability benefits. However, she has worked enough quarters to qualify for SS, though the amount is pretty low. Even if you are married, the place to start when trying to figure out when to claim Social Security is with a solid understanding of. Should I enter the new benefit amount in the Social Security tab and delete all her past covered earnings?. Contact the Social Security Administration at 1-800-772-1213. Social Security Spousal Benefits FAQ. When can I actually apply to begin receiving Social Security Retirement benefits? 3. When that time comes, he can make the change to the higher benefit with his wife filing for spousal benefits if the amount would be higher. Can you get spousal benefits for a non-marital relationship such as a civil union? Should I restart my Social Security. com provides legal information and can help you find an attorney experienced in cases involving social security and the law. We know that at one point or another all of us face the same problem: Which benefits should I collect, and when should I do it? The question of when to collect is very difficult. Nearly half (47%) of Americans age 50 and over failed a basic true/false 5-question quiz on Social Security retirement benefits. 5 million individuals age 60 and older receive benefits based, at least in part, on a deceased spouse's work record. For every year that you postpone Social Security benefits, your total Social Security Benefits will increase by 8%, Retirement, 128 replies Social Security "Spousal Benefits" often overlooked, you could get more then you think. Contact us at: (800) 248-1100 for questions about social security benefits nationwide! Consultations with our experienced social security lawyers are free! It is important that you have a careful strategy when proceeding through the application and appeals process, and this is also a reason why many choose to seek representation. The reduction to Karen’s CSRS pension is 50% of her Social Security benefit, or $6,000 per year. Social Security rules can be. The following is an excerpt from my book Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less. Due to new Social Security laws that were passed in November 2015 anyone who suspends benefits after April 30, 2016, will end up suspending all benefits based on their record — which means a spouse cannot collect spousal benefits during a time when their spouse has "suspended" benefits. If you’re thinking about your golden years, you may have questions like “What spousal benefits does Social Security provide?” Social Security’s benefit to your spouse is called the “spousal benefit,” and the benefit may apply to a current spouse, widowed spouse, or ex-spouse if you’re divorced. You can apply for Social Security online at ssa. In fact, each year many people forgo spousal benefits or take their benefits either too early or too late. One of the most common is "Am I entitled to collect my pension and Social Security?" Two scenarios could allow you to receive both. Social Security Administration (SSA) on behalf of a 65-year-old gay man seeking spousal survivor’s benefits based on his 43-year relationship with his husband, who died seven months after Arizona began allowing same-sex couples to marry. Bob called in to ask how social security spousal benefits are calculated and whether he could take spousal benefits until his social security kicks in and then switch over. Social Security benefits are Federal benefits and are not subject to division in state courts. Married couples may have some advantages when deciding how and when to claim Social Security. Requirements For Receiving Spousal. The spousal benefit can be as much as half of the worker's "primary insurance amount," depending on the spouse's age at retirement. It takes years to qualify for Social Security benefits, whether you are claiming on your own work record or your spouse's. By waiting until age 70 to receive benefits, your monthly payments may increase by 32%, not including any cost of living increases that may be added to this amount. A little-known feature of the Social Security system is that in addition to paying retirement benefits for the retired worker, it may provide benefits to the worker's spouse, an ex-spouse if the marriage lasted at least 10 years, and dependent children and grandchildren, depending on the circumstances. What it means by a child that meets the requirements is if the child is under the age of 16 or the child has received Social Security Benefits. I understand that the government pension offset could reduce my wife's Social Security spousal benefits by $2 for ever $3 I would receive from my CSRS annuity. Just as you plan for your family's protection if you die, you should consider the Social Security benefits that may be available if you are the survivor--that is, the spouse of a worker who dies. This includes eligible children, widows and widowers, divorced widows and widowers, and even dependent parents. I’m confused about “spousal benefits. Top Social Security Questions for 2011…AARP Has the Answers! The following questions came to AARP directly from participants in this webinar and have been organized into four categories, including: Claiming Social Security benefits, including general questions related to claiming your benefits,. However, if your spouse works while collecting benefits based on caring for a child under 16, Social Security may take away some of the spousal benefit. But all's not lost. Should I enter the new benefit amount in the Social Security tab and delete all her past covered earnings?. com provides legal information and can help you find an attorney experienced in cases involving social security and the law. Instead, you’ll get a payment equal to the higher of the two benefits. The same holds true for Spousal benefits – if you are receiving a government pension and are eligible for Spousal benefits, these can be reduced by the WEP. The idea has been gaining traction in the months since United Parcel Service decided to stop paying for the benefits of employees’ spouses. On average, respondents answer only 1. Social Security Spousal Benefits FAQs. With survivor benefits, if your late spouse boosted his or her Social Security payment by waiting past FRA to file, your survivor benefit would also increase. Even though the basic rules apply to everyone, a couple has more options than a single person because each member of a couple 1 can claim at different dates and may be eligible for spousal benefits. Social Security benefits are based on covered wages, election age and, for some, marital status. You can view your earnings record at any time on the Social Security Administration website, along with your projected benefits. Get What's Yours: The Secrets to Maxing Out Your Social Security [Laurence J. In fact, each year many people forgo spousal benefits or take their benefits either too early or too late. In the current issue of the AARP Bulletin (Jan/Feb 2018) page 41, Jane Bryant Quinn answers your question. The extra flexibility available to a divorced spouse is that he or she does not need to wait until an ex-spouse files for Social Security to collect a spousal benefit. If you apply for Social Security Disability and your claim is denied, you should not give up hope of receiving the Social Security Disability benefits that you are rightfully entitled to. In our last column, we ran a simplified example of how spousal benefits work. Your question goes to the heart of why spousal Social Security benefits are so confusing. If you’re thinking about your golden years, you may have questions like “What spousal benefits does Social Security provide?” Social Security’s benefit to your spouse is called the “spousal benefit,” and the benefit may apply to a current spouse, widowed spouse, or ex-spouse if you’re divorced. Your base benefit is 50% of your spouse's benefits. Another important thing to note is that you can only collect one Social Security benefit—your spouse's or your own. ” OASI was eventually expanded to include spousal benefits and to allow spouses to keep their derivative benefits, even after a divorce or the worker spouse’s death. Social Security benefits may be available if you are the survivor-that is, the spouse, child, or parent of a worker who dies. Most articles I have seen about receiving spousal Social Security benefits where there is an eligible Disabled Adult Child (DAC) in the household, do not point out that the value to the household of the spousal benefit is often limited by the fact that the total amount of benefits that can be paid to members of a family based on a retiree’s. Another way to receive Social Security Spouse Benefits is if the spouse is at least or over the age of 62 or when they may have a child that meets the requirements that is mainly in their care. You can always file an application for Social Security benefits, but if you're already drawing your own Social Security benefits and your ex-spouse is still living you could only be paid divorced spousal benefits if your ex-spouse's primary insurance amount (PIA) is more than twice as much as your PIA. However, she has worked enough quarters to qualify for SS, though the amount is pretty low. This is a microcosm of the employee benefits environment where employers are considering every possible cost-control strategy. DISCLAIMER - You should consult with your local Social Security Office before acting upon any information received as a response to your question on "Social Security Advisor". Your spousal benefit is not affected by the age at which your husband or wife claimed Social Security benefits. I had 12 years service under CSRS, a break of 13 years in the private sector, and have been a CSRS Offset employee since 2003. Though the spousal benefit can be a point of lifelong contention between two former spouses, reaching an amicable agreement can make both parties’ life much easier. For example, it doesn't mean that the spouse or ex-spouse actually did file for benefits at their FRA, but simply that this age is used to determine the dollar basis for spousal or ex-spousal benefits based on that person's Social Security earnings record. com provides legal information and can help you find an attorney experienced in cases involving social security and the law. Based upon the way the Social Security system works, both spouses can request benefits based on their partner’s Social Security work record. I will be filing for Social Security next year at the age of 62. Online - Use our Social Security Retirement/Medicare Benefit Application to apply for retirement, spouse's, divorced spouse's or Medicare benefits. At what age can I start drawing Social Security Retirement benefits? 2. Larry, I was married for 30 years and divorced in 2009. The husband, Skip, filed and suspended his Social Security benefits in 2015 when he turned 66. For anyone wondering whether US expats living abroad are entitled to social security, the answer, generally, is yes. Social Security provides the security of survivors benefits to the spouse and children of a deceased worker. Answers to some of the most commonly asked questions financial advisers get on spousal benefits, including when to take them and how benefits for ex-spouses work. You may also be eligible to receive a spousal benefit if you were married but are now divorced. I would have only gotten $327 a month based on my work history, but they gave me […] Q&A: Social Security spousal benefits Dear Liz: I'm confused by Social Security benefits for divorced spouses, which you've written about. You may claim spousal benefits if your spouse is receiving Social Security or disability benefits. If you never apply for the higher benefit amounts, the Social Security Administration will simply continue paying you the lower. Check out this article for more information on the GPO. Social Security uses the deceased worker's basic benefit amount and calculates what percentage survivors are. Answering Common Questions about Social Security Spousal Benefits. The spousal Social Security benefit is one of the most generous benefits available to retirees, but many people don't understand how the benefit works or are unaware it exists. Social Security will not pay the sum of their retirement and spousal benefits, he said. Social Security survivor benefits for a spouse who meets the eligibility requirements include a monthly benefit amount based on the earnings of the decedent and the spouse's age and situation, reports the Social Security Administration. If you're married or divorced and planning for retirement, you should know that you may qualify for Social Security spousal benefits that can significantly increase your retirement income. Today's post addresses common questions about Social Security spousal benefits, including who is eligible, how spousal benefits work, and strategies for maximizing your post-retirement income. DISCLAIMER - You should consult with your local Social Security Office before acting upon any information received as a response to your question on "Social Security Advisor". Spousal benefits allow one spouse to collect benefits on the work history of the other. If the child is married, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits for the applicable base amount and the other rules that apply to married individuals receiving social security benefits. But I would not expect her spousal benefit to be reduced. Columnist Phil Moeller's recent forays into Social Security spousal benefits—and in particular benefits for divorcees—generated a flurry of follow-up questions from readers. A breadwinner could file for Social Security at full retirement age but immediately "suspend" the claim, potentially allowing a spouse to begin collecting spousal benefits while the suspended retirement benefit increased at the rate of 8 percent a year. If spouse benefits are added, the combined benefits for the employee and spouse would total $5,815 under railroad retirement coverage, compared to $2,875 under social security. By a qualifying child, we mean a child who is under age 16 or who receives Social Security disability benefits. The husband could continue to collect on spousal benefits until he has reached the age of 70. Eligibility rules can be confusing. Your Social Security benefits are based on your earnings record. Social Security uses the deceased worker's basic benefit amount and calculates what percentage survivors are. My husband always made more money than me during our marriage. [Question]If I take spousal benefits at 66 (my full retirement age), can I collect my own Social Security benefits at 70 and collect delayed retirement credits? [Answer]Yes, but only if you were. You can use our sample letter to tell a debt collector that your Social Security or VA benefits are protected from garnishment. I will take Social Security in July 2011, when I am 65. Dear Readers,I recently received two questions about collecting Social Security spousal benefits. there are two questions that seem to trip people up, according to Brewton. Your spousal Social Security benefits may be one of your more valuable assets. If you and your spouse are getting close to retirement you should know that there are various benefits available to spouses, including divorced or surviving spouses. Check out this article for more information on the GPO. There is no one-size-fits-all answer to the question of when a non-working spouse should begin. Social Security rules are complicated, but you probably have a basic understanding of how they apply to you. Social Security may be one of your largest assets. After recently contacting the social security office, I was told I can't take any spousal benefits at my FRA from his record. Both the GPO and WEP apply to persons with an annuity benefit from a retirement system that does not include Social Security. Because the rules surrounding payment of benefits are complicated, and depend on your particular situation, contact the Social Security Administration at (800) 772. In such cases, the spouse who earns less may be eligible for a Social Security spousal benefit. Social Security Spousal Benefits. Social Security: Maximizing Benefits. See how the spousal Social Security benefit offers additional financial resources for retirement by allowing you to maximize Social Security. For many workers, spousal benefits are the most complex and least understood part of Social Security. spousal benefits - Social Security Questions Answered. The same is true of either spouse, because Social Security is gender-neutral. Here are the answers to your most pressing Social Security questions. If spouse benefits are added, the combined benefits for the employee and spouse would total $5,815 under railroad retirement coverage, compared to $2,875 under social security. Social Security also provides survivor benefits to a divorced spouse if the marriage lasted 10 years, or if the divorced spouse cares for a natural or adopted child of the deceased who qualifies for benefits. 15 Top Questions About Social Security, Answered The more you know about America's most important retirement program, the better chance you have of getting the most out of it. , a benefit other than a retirement benefit), you can continue receiving divorced spouse benefits based on your ex-spouse's work record. When should I take Social Security spousal benefits? As with other Social Security retirement benefits, you can begin taking them at age 62 1 , but if you do so, you will receive them at a permanently reduced rate, which is a percentage based on the number of months up to your full retirement age. Social Security can also help with replacement of a lost or missing Medicare card. Answering Common Questions about Social Security Spousal Benefits. Please HELP with this Complicated web of Social Security questions!. Spousal benefits can't be claimed unless the "target" spouse — the one whose earnings will be the basis for the benefit — has already filed to claim his or her Social Security retirement benefit. The husband could continue to collect on spousal benefits until he has reached the age of 70. It is important that readers do not attempt to project these solutions on all spousal income scenarios. So, what are Social Security spousal. The reduction amount is equal to 2/3 of your government pension. The deceased must have worked long enough under Social Security to qualify for benefits. Find the answers to these questions and more below. Social Security Spousal Benefits FAQ. Social Security is a vital source of retirement income for most women. One of the most common type of survivor benefits is what is commonly known as DIC Benefits. My husband is 59 and he is receiving SSDI do i qualify for spousal disability benefits on his account. Spouses of workers who paid at least 40 quarters (or 10 years) of Social Security taxes are eligible for spousal benefits. Can she start taking her benefit early (62) and then switch to half of my benefit when I apply several years from now?. When should I take Social Security spousal benefits? As with other Social Security retirement benefits, you can begin taking them at age 62 1 , but if you do so, you will receive them at a permanently reduced rate, which is a percentage based on the number of months up to your full retirement age. Even if her benefit would be slightly higher than the spousal benefit she may also be able to collect the spousal benefit until she maxes out her earned benefit before claiming hers. This is largely dependent on what type of benefits you receive—Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI). Spouses, Children, Survivors. There are some complicate matters involved in social security and planning for retirement. Question: My 31-year-old disabled son lives with my husband and me in Florida. The spousal benefit can be as much as half of the worker's "primary insurance amount," depending on the spouse's age at retirement. 5% and 50% of the higher-earning spouse's full retirement age benefit, depending on your filing age. I recently retired at age 62 and applied for Social Security, and my benefit is reduced because of a pension. 6 questions to ask about Social Security. In 1939, Social Security benefits became available to the “wives” of covered workers. The reduction to Karen’s CSRS pension is 50% of her Social Security benefit, or $6,000 per year. Social Security Spousal Benefits FAQ. There is one exception, however: If your new spouse is currently receiving Social Security benefits as a wife, husband, widow, widower, father, mother, parent, or disabled child (i. Retirement from teaching brings with it many complex financial questions. What is the Social Security Disability Spousal Benefit? Social Security pays benefits to people who cannot work (are unable to engage in substantial gainful activity) because they have a medical condition that is expected to last at least one year or result in death. However, the details of spousal. Your survivor benefits are based on the earnings of the person who died. When you apply for Social Security benefits based upon your work record, the Social Security Administration considers you as filing for both your individual and your spousal benefits. I’ve been getting more questions lately on spousal benefit claims for Social Security. How to Collect Social Security Spouse or Survivor Benefits Readers have questions about the complexities of Social Security benefits; Bob Powell finds the answers. "Those wanting to receive only spousal benefits must. for at least 5 years (legally), and she is in a spousal relationship with someone who qualifies for Social Security for at least 5 years, then she qualifies for benefits on her spouse's record (either spousal benefits or survivor benefits). Because she was born before January 1, 1954, she will be allowed to restrict her application to spousal benefits, but she must wait until she has. The phrase "free spousal" refers to those circumstances in which a married person and some divorced persons can claim spousal benefits without also being forced by Social Security to claim their own retirement benefits. Social Security Disability list of impairments How to Qualify for Disability, Mental Disability Disability Lawyers FAQ, Disability Back Pay Social Security Retirement Questions 1. If you and your spouse are getting close to retirement you should know that there are various benefits available to spouses, including divorced or surviving spouses. If the wife begins receiving the spousal benefit before she reaches her full retirement age, say at age 62, will it tie her own Social Security benefit to age 62 benefits, or can she still delay. strategies you can use to optimize your Social Security benefits? I posed this question to Joe to collect spousal benefits while your own. Finally, the Social Security retirement system is gender neutral, so while this article has assumed that the wife is the one applying for Social Security spousal benefits, if the wife earns more than the husband, the husband can apply for spousal benefits based on his wife’s earnings. By a qualifying child, we mean a child who is under age 16 or who receives Social Security disability benefits. Bob called in to ask how social security spousal benefits are calculated and whether he could take spousal benefits until his social security kicks in and then switch over. Find out about all the services available online: Social Security card replacement, apply for benefits, appeals, and more. there are two questions that seem to trip people up, according to Brewton. Note that survivors can begin to claim as early as age 60, rather than 62, which is normally the earliest age for taking Social Security. It is important that readers do not attempt to project these solutions on all spousal income scenarios. Calculation of spousal Social Security benefits requires some knowledge of how Social Security functions to provide income to seniors.