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How Do Social Security Spousal Benefits Work? Social Security spousal benefits are part of the retirement income that a lower-earning spouse can receive based on the higher-earning spouse’s work ...
The base spousal benefit is equal to one-half of the higher-earning spouse's primary insurance amount -- i.e., the Social Security benefit they would be entitled to if they claimed at their full ...
Image source: Getty Images. 1. Your spouse must qualify for Social Security retirement benefits. You cannot claim spousal benefits on your partner's work record unless they have a work history ...
Spousal benefits can be significant, and eligible recipients can claim up to half of the amount of their spouse's full retirement benefit. The average monthly Social Security income is $1,884 for ...
For the spouse claiming standard benefits, Social Security calculates your monthly benefit amount using a formula that takes into account the 35 years when your earnings were the highest. It ...
The spouse or divorced spouse of a retirement beneficiary is eligible for a Social Security spouse benefit if the spouse or divorced spouse is 62 or older. The benefit amount is equal to 50 percent of the retirement beneficiary's Primary Insurance Amount (PIA) if the spouse claims the benefit at the full retirement age or later.
Social Security spousal benefits can be a great tool for couples, ... For example, if your full retirement age is 67 and you claim spousal benefits at 62, your monthly check will be reduced by 35% ...
They may want to delay their Social Security claim for a larger monthly benefit, but if that forces you to put off collecting spousal benefits, your partner may be willing to adjust their plan. 3.