Social Security: Spousal Benefits 101
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- Опубліковано 10 лют 2025
- The rules for Social Security Spousal and Survivor benefits made easy to understand.
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This gentleman knows his numbers regarding the complexity of Social Security.
I just knew I was eligible for something until you laid down the rules😅 This was thoroughly and nicely done. Great video.
True Spousal Benefits 101. Very clear and simple to understand. TY
Excellent orator. Nice paced presentation in order to grasp this technical information.
Thank you for sharing. It’s so beneficial I appreciate all the information you give us.
I hope this is helpful in plain English to someone. I spoke with one of the Social Security agents today and was told that I cannot get spousal benefits because my own are higher than what 50% of his would be. My spouse and I are both 68. He retired 3 years ago and is getting his Social Security (roughly $3000 a month.) I still work full-time trying to get my own benefits higher. From so many videos I've watched I had gotten the impression that I COULD take spousal benefits (50%) while working so I could continue growing my own and then switch to my SS when I hit age 70. Nope. They will look at what you have so far and what 50% of the spouse's would be and you have to take the larger amount. You COULD take the spouse's full amount after they DIE if theirs is still higher than yours......or so it was explained to me today. I'm just never sure if you can trust a government employee to actually know.
I to was given the same answer does not make any sense to me. My Ex was retired from the military and earned more then myself yet told by SSA I have higher earnings then Ex so therefore I do not quality to collect spousal benefits.
Who make up these rules why should a ex spouse receive anything in my view .
@@Mena-w6l1g They look at the highest earning years...like the 35 highest. Even if you made less money, if your Social Security entitlement is more than 50% of what your ex gets, then you can't get spousal. If he gets $3000 a month, but your own benefit would be $1700....well that's more than 50% so you can't claim his/hers. It sucks. The government forces us to pay all this in, they don't invest it for us and spend it like a sailor on shore leave, and then come up with every rule possible to reduce what you get.
Do you have a video for this? Spouse and I will turn 62 within 6 months. We both planned to keep working and hold off on SSI. That changed earlier this year when I qualified for SSDI and don't expect to make it to 62. Question now is what my spouse should do?
Nice video. Here’s an interesting thing: If you are eligible for both survivor benefits and your own benefits, but you have not started receiving either, then you can take survivor benefits even if your own would be higher, and delay switching to your own, say to age 70, in order to maximize your own benefit amount.
Yes, true.
Very informative, thank you.
Great information.
How much would a spouse get at 60 on survivor benefits if the other spouse hadn’t started to collect yet but was say 63 when they died
At age 60, 71.5% of his full retirement amount.
Can you claim survivor benefits at 60 and then at full retirement age of 67 switch to your own benefits?
Yes but everyone situation is different make sure that you meet with a SS worker.Because you may need to wait 70.
No need to wait till 67-70 but may want to.
Is the spouses benefit affected if the primary insured takes SS at 62? Is the spousal benefit still 50% of the PIA FRE benefit?
yes and no
yes but Survivor benefit reduced.
Thanks for the explanation
My spouse 71 years (never paid into SS) old will put in for social security spousal benefit soon. Does she get 50% when I went on Social Security at 67, or will it be calculated from what I get now at 78 FRA? When you talk FRA your not clear.
If the worker has been collecting benefits for 6 years and spouse is ready to apply ... is the PIA the amount when the worker started collecting or is COLA added to that amount?
COLA is included
Can you draw if he is alive or is there a limit to how much I get from Social security If I can collect or not. I have been refuse twice, because if they give me his I would be making to much.! Thanks
Hello. My question to you, can my wife still collect her SSI and I'm going to be collecting my SSA, Retirement in between March and April. This will be my first payment. Will my SSA retirement effect her SSI. That's Supplemental Security Income. She's 77 and I'm 62!
So my wife's social security benefit will be much lower than mine. So she can't get the spousal benefits until I start taking mine? This was a great video.
That is correct. Thank you!
Hello Lane, thanks for sharing your knowledge.
My husband was married and divorced before he married me. He’s definitely makes more money than I do. My question is if his ex is takes his 50% then do I only take 1/2 of his 50% left or…?
His ex taking a spousal benefit from his earnings record will have zero negative impact on you. As long as you otherwise meet the qualifications you and his ex can get the same amount.
No. Each spouse up to 50%, less early penalty. For you he must be receiving, For her he must just be 62
@@ANightOwl-29 The ex spouse claiming spousal benefits, has zero negative effect on you. You can both collect benefits as if you were the only one.
I have a good question for you. If my dad died in 1993 and my mom claimed survivor benefits which she got till we all turned of age then they stopped the payments. Now my mom is turning 62 next year. Can she claim survivor benefits again? If she can she could take his now at lower amount and when she turns 67 she can switch to her full benefits? Thanks.
Over 75% at age 61.
Over 80% at age 63.
Over 90% at age 65. She could let hers grow even to age 70, 124% of her full benefit.
Thank for your videos. They have been really helpful. My husband is disabled and has been on SS for several years (he’s 67). Are you saying that he will no longer get benefits after a certain time? Also how does spousal benefits come into the discussion, if I am still working, but retire at the later age, we both don’t get our full benefits? Thanks for clarifying.
Good to hear, thank you! You will both get your full benefits if yout both are eligible for your own benefits. The spousal benefit kicks in when one of the spouses doesn't have their own benefit or it is less than 50% of the other spouses benefit.
Thank you. His benefit won’t be as much as mine since he is on SSDI. I appreciate your clarification. So much to learn and planning ahead.
Discuss how much survivors spousal benefit is.
100% less early retirement penalty.
Do you have a video on Roth accounts? If so can you post a link. I need a refresher course on Roth's. I've been trying to watch as much of your video's as I can. Thanks for everything you are doing here. Greatly appreciated.
Yes, several. Here are a few: ua-cam.com/video/_Yba42dQhzY/v-deo.html ua-cam.com/video/24rmYA6UpZc/v-deo.html ua-cam.com/video/99qFiue6Sak/v-deo.html
My wife did not take benefits when I started in 2021 thinking she could wait to 70 to get increased benefits in five years moreover, will she lose any back pay or get a lump sum? Additional should she pass before starting benefits what happens to uncollected benefits earned? Thank you for you service your video has opened my eyes
uncollected benefits used to pay others.
First time I went to SS. Office i must have been false info. I went back 5 months later & it jumped 600 bucks.
Thanks for a quick reply.
I retired and started taking my social security at age 63. I now have reached my full retirement age and would like to know if my spouse would get 50% of what my social security is at full retirement age or the amount when I retired.
When you starting benefits at 63 you accepted a permenently reduced benefit. That reduction also impacts the spousal benefit, it too will be reduced. Also, the starting age of the spouse is a factor as well.
I asked ss this same question, I'm the higher earner and started ss at 64, my spouse is 62, if she waits till full retirement age of 67 she will get 50% of what I would have received at my full retirement age of 66 and 10 months. This is what I was told. I wish I could verify this better. I still can stop ss because it's been less than a year.
@@FinancialFastLaneInformation I was not given at SS office. Very important information.
@@Broncofan-4life Spousal benefit not affected. Though Survivor benefit reduced.
What if the spouse has pension and social security is less than 50% of the wife’s own retirement, will he be able to get spousal benefits?
Great example for a couple who are the same age. What about a younger spouse that takes SS early and the bread winner waits until FRA? Can younger spouse file for spousal benefits at that time? If so, do we just contact SS to start the process?
No spousal till other spouse files. So one files the other waits, then switches to spousal when other files.
Hi, I have a question about SSA.
Can I be eligible for spousal and continue working until I reach 10 years I have like 5 years of credits can continue working to get full retirement
My wife died in 1994, with all that, are there any spousal for me to have?
Maybe. It depends on how long you were married and how long she worked and on your current age.
@FinancialFastLane I'm sorry it took so long with no response, we married 3 - 4 years. Your second question, would you refuse.
@@timothymoore596 If you spouse qualified for SS benefits then it sounds like you would qualify for survivor's benefits.
@FinancialFastLane How do i check to see if she's on SS benefits?
Great video.
I have a question. Say a worker and spouse decide to start social security at the same time. You stated that the worker would have to be drawing Social Security in order for the spouse to receive spousal benefits. In this example, would the spouse receive the spousal benefit for the start month, or would it start on the second month?
As long as the spouse is over age 62 then yes.
is common-law considered the same as being married ?
Very informative video, thank you. At around 2:59 one of the facts you listed on the screen reads "Is at least 62 (or any age if caring for worker's minor or disabled child"
Does this mean that if someone who is at full retirement age get's married to a much younger woman; let's say 25 for sake of the question; and has a child with her, that she will also be eligible like the minor child is, to collect 50 % of the older husbands SS benefits? or do they have to split that 50% between the mother and child for 18 years?
Yes, there are child benefits and mother benefits.
@@FinancialFastLane Thank you for your quick response, informative video, and answer to my question.
Hi i have a question. I'm in Senegal, my husband lived in France for 34 years and he worked and paid social security. He died in France. I'm i entitled to any benefits?
You might. The rules get very specific depending upon how long you lived in the US and if you are a US citizen or not. The best thing to do is to contact the SSA and they can confirm the details.
Great information thanks a million !!!
So if my spouse dies, I get 100% of his benefits? His is higher and he's retired and getting SS, I'm still working at 62, he is 70 and he applied for his benefits at FRA.
That is correct
I am 71 and getting social security benefits. My wife is getting spousal benefits which she started getting at age 65 as her own personal benefits would have less than the spousal benefits. I am getting about $2800 monthly and her spousal benefit is about $1100. I have plenty of health issues including Diabetes,BP, heart bypass & Malignant Melanoma.
After my death how much spousal survivor benefit will she get? Is $2800 and $1100?
or just 100% of what I have been getting ($2800)?
The Social Security office has given TEN different answers. I would be grateful you could answer my question.
Thank you very much and pardon any spelling mistakes please
After you are gone your wife will get the "survivors" benefit which is the $2800. The $1100 will stop.
Is the benefit the surviving spouse (current wife) of a deceased husband for example, me. Based on my receive early retirement meaning at age 62 which was or is 25% less then had I waited until 65; Or at the full retirement age, mean in my case 65.
I have a fren who has never worked and has been collecting spousal 1/2 benefit for 4 years now ever since she turned 62 and her husband started collecting. Is there any truth to this article which means she will no longer be receiving SSS?
A Social Security spousal rule that has been around for decades officially ends this year for everyone except those who turned 70 on Jan. 1, 2024. The rule allows recipients to switch between their benefits and their spouses to receive the maximum amount. But unless you were born before Jan. 1, 1954, you won’t be able to take advantage.
That article is refering to a speciic "file and suspend" strategy that was used to increase your benefit amount. Tha strategy was phased out but your spousal benefit is not impacted. No need to worry.
Can you get spousal benefits after 62 and still work till FRA to get your social security?
You are refering to a strategy called "file and suspend" but it was phased out and no longer an option.
Isn’t there a maximum that both the main and the spouse combine can receive?
Worker at 70 and spouse at FRA. 124%+50%
I was told by Ssdi I was not eligible to quality for spousal benefits. Been married to my Ex over 10 years . I now collect full reirement benefits and still not eligible.
Do you have to be 67 to access this spousal benefit ?
What if the greater earner died before retiring? Widow is now 65 and has worked.
Widow may get 100% of larger less early penalty.
Very informative!!!
If I pass away, will my wife receive my full social security benefit including the extra 8% per year for filing at 70.
Will her current benefit if she took it before FRA reduce her survivor benefit?
Yes, If you pass away, your wife will receive your full SS benefit including the extra 8%. Her spousal benefit goes away but she will get your full benefit.
Thank you!
What if the worker has an ex spouse and a current spouse. How many spousal benefits can be collected. 😅
Can have as many spouses ex spouses as eligible do not affect each other
As long as they're married 10 years or more
Exes and current spouse can all collect given the exes and workers were married or 10 years and the exes stay didn’t remarry after the divorce.
Only one. If you remarried, you cannot use spousal benefit from an ex spouse
If my wife has had almost no income , can she claim 50 percent of mine and I still get 100 percent one eligible
Up to 50%, yes. or up to 100% if you pass. She doesn't affect yours.
Hey Lane! I am about get spousal benefits. My question is this, because I am going PT , I won’t be eligible for the health insurance any longer. Is it mandatory to have health insurance anymore? And what is the lowest amount I would pay for Obama insurance?
To make sure your questions are answered fully I would invite you to go to this website and setup an appointment www.martinsenwealth.com/medicare-partnership/
As an 'ex-spouse' you can have remarried before age 60 and still claim as long as you are divorced or widowed from any subsequent marriage when you file. Also, FRA (Full Retirement Age) is FOUR MONTHS EARLIER for Widows born through 1960 (see SSA POM TN 24). The POM has two graphs - one for regular FRA and a Widow FRA. It clearly states that anyone widowed who was born before 1961 (and qualifies in all other regards) ... has a FRA that is four (4) months earlier than the regular FRA. Please pass this info on as not many people are aware of this... even SSA employees.
Thank you very much.
What about two spouses who have both paid into SS and will have very similar payout amounts (so dual with similar career earnings). What happens with benefits if one passes away for the surviving spouse? We are trying to figure out when to take benefits and that needs to be part of our understanding.
The smaller of the two benefits goes away at the death of one spouse and the larger of the two benefits continues.
Good morning Sir! May I ask/know if our 2 minor child's they're qualified because my husband is a Veterans since 1964 to 1970 in service Vietnam war USNavy. 6 years(contibution) credit SSA.
My husband pass away last 2021. Thank you and God bless you always!
So if the higher earning spouse takes social security early at 62 if the lower earning spouse takes her security benefits at her full retirement age then she will be entitled to her benefit plus extra to bring her benefit up to 50 percent of the higher earning spouse’s Full Benefit amount even though he took benefits st 62? And what does lower earning spouse get if she wants to retire and take benefits at 62
At 62 she gets larger of 70% of hers, or 35% of yours.
MERCI MONSIEUR
Alot of details left out... like if you take your retirement early, you wont get 100% of your spousal death benefit. Correct?
I have received Retirement,Survivors and Disability insurance letter
from Social Security Administration.
I was told that I am not qualified for spousal benefit because i had claimed my own benefit at age of 62.
Is that correct?
We have married for 15 years.
@@ErikoFukuda If your own benefit is larger than 50% of your spouse’s benefit then that would be correct.
No it is not.
@@ErikoFukuda Well, it is 50% of your spouses benefit at FRA and your FRA. If you claimed early (62) then it is reduced for claiming before FRA.
If a home maker spouse taking 50% of her husband’s social security benefit at 65 for reduced amount (full benefit age is 67). When her husband passes away in later years, can she then switch to higher spousal survivor benefit to 100%? Or she can only collect the same amount which she’s taken at 65? Thank you.
She would get/switch to the larger survivors benefits.
Thank you for quick response!
How much does the survivor get. Full benefit or 1/2.
Full benefit
Am I eligible for survivor benefits from my late husband of 18 years (he had his full 40 credits) I remarried at age 52 after my first husbands death but have subsequently divorced my second husband? I turn 60 this July and am unmarried. Reading the rules on survivor benefits they use the term “currently unmarried” Thanks
The fact that you are currently unmarried should generally make you eligible for survivor benefits regadless of your 2nd marraige and divorce.
Hi my situation is this any info would help thx. I'm 59 will retire and collect SS at 62 and live abroad in the Philippines 90+% of the time. I will marry my girlfriend a Filipina age 42 now we are not married yet. Do I need to marry her before I claim SS? She is not a US Citizen has never been to the US and will never be coming here. My question is when i pass away can she claim survivor benefits ? Also are there any other benefits she is entitled to as my wife??
My husband died last sept 2023, we were together and married for 9 yrs and 7 months and im 54 yrs old. No child, do i can get spousal benefit?
You are eligible to receive the "Survivors" benefit unless you get remarried before age 60. The Survivors benefit is different than the spousal benefit. The Survivors benefit is equal to his full benefit.
Have you addressed, when a person is divorced and they're entitled to their spousal benefits? Please let me know the link. I dont have the Marriage Certificate any longer. But I would have some court orders. Please address all that's required from social security to prove a person would receive spousal benefits. I'm aware it's 50%. However, I was told that you could start taking their social security, and let your own build it up and then you could switch later.. I've also read that you can't call up. Social security because the people, they are do not know a lot.. Meaning they're not a reliable resource. Please, please advise.
@clikonicontowtsap I am not clear what that means
What if my spouses benefit is higher than what she would receive under the spousal benefit ? Would she just claim her own benefit and I claim my own benefit?
Yes
What if both of us retire and collect at 62? I am 3 years older. I collect $1800 now. My wife will be 62 next year and be able to collect $800 from her part time working all her life. Will she be able to collect spousal benifits from me when she retires at 62? Or does she have to wait until she or i am 67? No one can answer this question?
Anyone eligible for benefits can start those benefits at age 62 if they want. There is no requirement to wait. This video will help you understand better how it works ua-cam.com/video/h3bEFaAWaWw/v-deo.htmlsi=a0CkeTme92WdGVkm
@@FinancialFastLane Thanks but thats not what i am asking. i do know all that and i did see that video awhile ago. Both of us are taking our SS at 62. Thats a done deal. My question is on spousal benifits. Can my wife apply and receive spousal benefits and receive it before we get to age 67? We are both receiving SS at 62. Mine is $1800 a month, her's is $800 a month. Will it raise her SS payments now before we are 67?
@@skydancerforever Thanks for the clarification. The spousal benefit is up to 50% of your benefit, so based on your numbers 50% of $1800 is $900. If your wife's own benefit from her earnings record is $800 then the spousal benefit will be $100, increasing your wife's benefit up to the 50% number ($900). That is how it works. For example, she cannot start a spousal benefit only at first and then take her own benefit later.. They are connectred. The max she will ever get is up to 50% of your benefit unless she was to work longer and incresae her own benefit. Hope that answers your question.
let me ask a ? ....I am US citizen with 40 credits living in Canada since 1998 and married my canadian wife in 1999...we are both 68 ...she is Canadian citizen never worked in US or payed into social security so she has no ss number...I am getting ready to apply for my SS benefits....is she eligible for spousal and survivor benefits even without a SS number and if so how do we apply
When you start your benefits your spouse should be able to start a spousal benefit even though she is not a US citizen. If she meets the age requirement, she can apply for spousal benefits by contacting the nearest U.S. Social Security Administration (SSA) office or the U.S. embassy or consulate in Canada. She will need to provide documentation to prove her identity, age, and marriage to you.
The magic question that all the youtubers never seem to address: If the worker claims at 62, when the spouse claims at 67, does the spouse get half of the worker's age 62 benefit, or the age 67 benefit? I keep reading different answers, and the SS site is ambiguous. It often refers to "worker's full retirement age benefit", but seemingly only in the context of if the worker or spouse claims after 67.
Why won't anybody address this scenario? Do they all assume that only the spouse tries to claim early, rather than the worker?
Good question. The spouse can get up to 50% of the workers amount at FRA. Assuming the spouse waits until their FRA. It is discussed in this video ua-cam.com/video/6HFYyGq2dQU/v-deo.htmlsi=XhH-G-OD25S1LXdN
Thank you!!!!!!!
What if we married out of USA? It’s valid for the Social Security?
In order to follow the spouse benefits
Thanks
It depends on which specific country you got married. Some countries will not qualify. Also, it depends on if you are both US citizen's or not. A non-US citizen must have lived in the USA for at least 5 years.
@@FinancialFastLane both Mexico Americans citizens
Married at Mexico more than 20 years ago
And living at USA 15 years ago
It works this way ?
Thanks 🙏
@@elrivera13 It sounds like it may work but you should call the SSA.gov and ask them to confirm eligibility.
I plan to take my benefits at 62 and continue to work part time. My husband still earns a good income and will not take his until later. If I choose to take half of my husbands, will I be able to do so when he takes his if I begin at 62? Thank you very much.
You can start your own benefit if you qualify. If your benefit is less than 50% of your husbands, then you will get the increase up to 50% after he starts his benefits.
@@FinancialFastLane Thank you very much!
Who gets my social security benefits if I passed? My current spouse of 17 years or my ex-spouse of 20 years?
@@celiamas8392 Both as long as they haven’t remarried.
Maybe both. No effect on each other.
My spouse is the same age as me - 62.
She has earned money to qualify for SS payments, but it is much lower than my payment.
I plan to take my SS at age 67.
Can she take her SS at 62, and then switch to the higher spousal benefit payment, (50% of mine), when we turn 67 and i claim?
Or once she takes it, she is stuck with the lower payment?
To try to ask in a more clear fashion: Both Spouses are currently 62.
One spouse earns much more that the other.
FRA Spouse 1 - $3000 - plans to collect SS at age 67.
FRA Spouse 2 - $500 - here is the question.....
--> Can Spouse 2 - collect their own SS at age 62, (about $350 at age 62), and then start collecting the full Spousal Top Off to get to $1500 at age 67?
Yes. A good plan
My wife is receiving social security disability benefit. My question is by the time I claim my benefit at 67 will she be entitled to half of my benefit plus her benefit?
No, When your wife reaches FRA her disability benefit switches to retirement beneft. You don't get both.
I am eligible for early ssa benefits, also my wife has pension and ssa, would I benefit from my ssa and half of my wife ssa and pension?
Hello I am married to a Filipino woman and I live in the Philippines how can my wife received my benefits when I dead thank you
hi How long do you have to be married?
He said 10 years
The drawing said one year
10y if divorced 1y still married
So , neither my ex husband nor myself . Can collect each other SS benefits because we were married only 9 years ? Neither of us has remarried.
correct
@ thank you
I am Canadian living in Canada my wife is a american and was collecting SS she died in Jan 2024 can I collect benefits and how????????
The short answer is you should be able to. There is a SSA agreement with Canada where benefits are able to be paid and no residency requirement is necessary. The best route is to contact the Social Security Administration and apply.
Here's a twist to this. What would happen if the spouse is getting disability and the other spouse starts to collect on the social security for him or herself. What will happen to the disability amount? Would the spousal benefit be eliminated?
No it would not. Working is based on the individual not household income.
Can I make spousal ira contribution for my 63 year old spouse who is drawing social security.
Yes, as long as one of you has earned income. Social Security money cannot be used for IRA contributions but if you are working, then you can contribute for yourself or for your spouse.
If your spouse is 10 years younger than you and you reach age 62, you’ve been married 12 years does your spouse get 50% once they reach age 62?
The spousal benefit would be 50% at the spouses full retirement age. At 62 is would be a reduced amount.
No. 35% at age 62, 50% at FRA
I will be 62 soon. My wife is 69 and has not enough credit to SS benefit. Will she 50% of my benefit or less since I retired early? Thank. Pls respond as I never found the answer in other videos.
Your wife is eligible to receive 50% of your benefit but if she starts it now at age 62 her spousal benefit will be reduced from 50% but she will get a benefit yes.
Clarification: I will apply for SS benefit at age 62. My wife is already 69. Once I get my benefit. Will my wife receive 50% of my reduced benefit or less than 50% since I applied early?
Please tell me....
I need to know.
My husband been on ssdi.
He turns 65 in July
It turns to retirement?
What can I do?
I only get SSI
and we been married 6 years.
@@lowcarbhigh7428 No. She is past FRA so she should get 50% of your FRA amount
My wife stayed home and ran the family, so she does not have the SS work credits needed to claim on her own; she is 2 1/2 years older than me.
So if I retire at 67 years (FRA), will she have to wait until she is 69 1/2 to receive 50% of my FRA??
Thank you in advance.
She won’t get any benefits until you retire, since she has no SS own her own record
@@jacquelinem2873 Thank you.
No waiting. She will get 50% of your FRA amount. when you retire at 67..
I've watched this video and last night went to a free course on social security and I'm afraid I'm still confused by this spousal benefit thing. My question really is: can you claim your own benefit AS WELL AS a spousal benefit? Or is it one or the other?
Basically, it’s one or the other, however, if your own benefit is less than 50% of the spousal benefit, then the lower benefit becomes a combination of the two that brings it up to the 50%.
@@FinancialFastLane Hi 'Financial Fast Lane' & Thank You So Very Much For Your Very Helpful Information, question please Sir = In An Over 10 Year Marriage -- yet 1 spouse filed for divorce (in the middle of that same marriage) but both spouses didn't go thru with that filed divorce/the divorce paperwork was completely 'pulled' after a couple of months & then that same marriage resumed Yet years later both those same spouses/that same couple filed for a new divorce and this time the divorce went thru/was finalized, thus regarding Social Security Spousal Benefits, would those same spouses/that former married couple still qualify to draw on each other's Social Security at 'the qualified' Social Security retirement ages? We were made to understand "Yes", but We wanted to double-check with You also : Thank You In Advance 'Financial Fast Lane'
👍
What is FRA?
@@ErikoFukuda Full Retirement Age
If my spouse waits until she is 70 to retire do I get 50% of that amount?
I found the answer from one of your other videos. Thanks
I wonder if I can collect my benefits at 64-65… then apply for my partners 50 0/0 spousal at 67 ?
Many do if 50% spousal is larger than yours.
The spouse must be caring for a child under 18 or child with a disability if over 18yrs old.
Ok I worked all my life I'm still working I'm 55 years old
I got divorced 13 years ago since then I re married
So when I die who get the benefit the ex wife or the new wife?
Potentially both, It depends on if your exspouse remarries or not.
@@FinancialFastLane the ex has not remarried
@@quinterod1000 If your marriage lasted for more than 10 years and she doesn’t remarry, then she will be eligible for a Spousal benefit and ultimately a survivors benefit. But so will your current wife. The government will pay them both and they can both be eligible for survivors, benefit. Your ex spouse getting benefits from your earnings record does not diminish or hinder your benefits or your wife’s benefits at all.
@@FinancialFastLane thank you
In regards to survivor benefits. Is there any cap if the deceased spouse waited beyond full retirement age (67) like there is with the spousal benefit? I'd like to maximize the survivor benefit potential for my spouse.
That was a point I should’ve included. Yes the survivor benefit does earn delayed retirement credits!
My ex-husband is younger than me. I'm 65, he is 57...so I have to wait till he gets 62, minimum to get some benefit
Yes, or claim your own, then switch in 5 years.
@MichaelD-md4fh thank you Michael so I can start a 67 and when he gets 62 I can start a new one
@@cristinazoli Yes. At 67 you would receive your full benefit. Then a full 50% pf his when he is 62 if it is larger.
I thought that the spouse got the other spouses amount at full retirement age which ever was greater
No, you are confusing the survivors benefit with the spousal benefit, they are two different things.
What about collecting from a deceased husband
You may be eligible if you:
Are age 60 or older, or age 50-59 if you have a disability, and
Were married for at least 9 months before your spouse's death, and
Didn’t remarry before age 60 (age 50 if you have a disability).
Ex-spouses who were married for at least 10 years, as well as some valid non-marital legal relationships, may be eligible.
You might be eligible regardless of age and how long you were married. One common example is if you’re caring for a child of the person who died.
hmmmmm - what is PIA? (1.25 mark)
Primary Insurance Amount (PIA). It’s the benefit amount at full retirement age (FRA).
Full Retirement Age
My question is different.I am 78 on social security. My wife 71 is a retired public school teacher collecting state retirement and "never" contributed to social security. She does have medicare, because her school collected. IF the social security fairness act is signed by president Biden I understand she may receive 50% of my retirement
MY question is does she get half what I received at 66 years of age, or half what I receive now at 78? Thank you.
The spousal benefit is based on 50% of your benefit at your FRA.
@@FinancialFastLane What exactly is the FRA time? Is this based on when I turned 66 (FRA), or my 78 FRA time age? What year is my FRA benefit count to know my social security amount to figure her 50%?
@@mauricebrown8880 FRA is full retirement age. Here is a video that may help ua-cam.com/video/h3bEFaAWaWw/v-deo.htmlsi=jc6agWKNw04xt_lT
What is FRA?