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Spousal benefits, in contrast, max out at 50% of what your spouse (or ex-spouse) collects at full retirement age. If that amount is $2,400, then your spousal benefit could be worth up to $1,200 ...
As soon as he hits 70, you can claim your spousal payments — but even if, say, you're 85, you won't get more than 50% of his PIA and you'll have left years of spousal benefits on the table.
Even if your spouse waited until age 70 to collect Social Security, your maximum benefit would remain at 50% of the primary beneficiary’s FRA benefit amount. More From GOBankingRates 4 Low-Risk ...
However, one big difference is that unlike retired workers' benefits, there is no delayed retirement credit with spousal benefits. In other words, there's no financial benefit for waiting until ...
You can also delay benefits beyond your FRA, and they will grow by 2/3 of 1% per month until you reach 70. Your maximum spousal benefit is equal to one-half of the benefit your spouse would be ...
Most taxpayers are aware of the retirement benefits of the Social Security system.However, perhaps one of the greatest benefits of the entire program, the spousal benefit, is not as well-known.
Spousal Benefits. A Social Security spousal rule that has been around for decades officially ends this year for everyone except those who were 70 on Jan. 1, 2024.
Married and divorced retirees are often entitled to spousal or divorce benefits, and a new year brings fresh changes to Social Security. ... that raise will really only be around $12.70 per month ...