Not All Spousal Benefits To Wife Or Husband Are Based On Age

Q: I plan to start Social Security retirement next January, including benefits for our 17-year-old son who is in high school. Can my wife receive Social Security on my record then because our son will? She is in her 50’s and working. A: Because your son is age 17 and not younger, the answer is…
Read More

Social Security & Women

Q: Are Social Security benefits the same for women and men? A: Program legislation is gender neutral so individuals with identical earnings histories are treated the same in terms of benefits, so yes; Social Security benefits are the same for women and men. Differences outside of Social Security, such as interrupted work patterns, overall earnings…
Read More

A Question About Spousal Benefits

Q: I reach age 66 in August. A Social Security representative contacted me about my online retirement application. She said my wife could collect half of my amount when she reaches age 66 later this year and that she could later collect her own retirement at age 70. Is this correct? A: As a general…
Read More

Retirement Amounts To A Couple

Q: Is there a limit to the amount of Social Security benefits payable to a couple?  A: This question is received so often that I routinely discuss it when teaching retirement seminars.  There is no marriage penalty, limit or other reduction when each member of a couple receives Social Security retirement based on their individual work records.  …
Read More

Recent Social Security Claiming Changes

Enacted last November, the Bipartisan Budget Act of 2015 (Public Law 114-74) covered many diverse topics including changes to Social Security rules. The legislation closed two Social Security benefit loopholes used primarily by married couples for claiming retirement and spousal benefits. Used by only a small fraction of retirees, these loopholes were referred to as…
Read More