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The rule changed through the Bipartisan Budget Act of 2015, making it so anyone who turned 62 after Jan. 1, 2016, could no longer maximize Social Security benefits in this way.
According to the Social Security Administration, you can start collecting benefits as early as age 62, but doing so will permanently reduce your monthly amount – by up to 30%.
Here are four things married couples need to know about spousal Social Security benefits in 2025. Spouses can claim benefits on the earnings record of their retired partner, so long as the listed ...
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) All Social Security benefits received a 2.5% increase in January, thanks to the latest cost-of-living adjustment (COLA).
Close to 70 million Americans will receive a Social Security check in 2025, with benefits making up nearly one-third of older adults' retirement income, according to the Social Security ...
The Social Security Administration (SSA) calculates your benefit based on your highest 35 years of earnings — a zero is used for the years without earnings, which reduces your overall benefit.
But couples have an obligation to report marriage, divorce or any other changes in status to the Social Security Administration. Social security beneficiaries have 10 days after the end of the ...
Image source: Getty Images. 1. You become eligible for a spousal benefit on your new spouse's work record. You probably know that marriage makes you eligible for a spousal benefit on your new ...
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