Want this question answered?
The are several example of spousal benefit one of the good one is social security spousal benefits benefit given to you if your spouse pass away while you are married to them.
The are several example of spousal benefit one of the good one is social security spousal benefits benefit given to you if your spouse pass away while you are married to them.
Yes, if you both earned enough credits to qualify for Social Security, then you can each collect your own benefits. To qualify for Social Security retirement benefits, you must have earned 40 credits (approximately 10 years of work). You can actually collect your own benefit as early as age 62, but you won't receive your full benefit until you reach your full retirement age. Once you are at your full retirement age, you can choose to collect either your own benefit, or the spousal benefit, whichever is higher.
no
1,2,3,4,5,10,20,25,,50,100,300,500,1000,5000,10000,100000,1000000
Spousal benefits are about 1/2 as much per month as the primary gets. I'm sure there are exceptions.
Spousal benefits are about 1/2 as much per month as the primary gets. I'm sure there are exceptions.
No you do not.
It depends on the type of retirement benefits. A private retirement plan should be reviewed for spousal benefits. In the United States a wife can collect Social Security under her husband's benefit if the amount would be greater than collecting on her own earnings.
Spousal and ex-spousal rights to benefits under Social Security are provided by law. Rights to social security and related benefits do not need to be mentioned in a divorce decree. See the related question link for more information.Spousal and ex-spousal rights to benefits under Social Security are provided by law. Rights to social security and related benefits do not need to be mentioned in a divorce decree. See the related question link for more information.Spousal and ex-spousal rights to benefits under Social Security are provided by law. Rights to social security and related benefits do not need to be mentioned in a divorce decree. See the related question link for more information.Spousal and ex-spousal rights to benefits under Social Security are provided by law. Rights to social security and related benefits do not need to be mentioned in a divorce decree. See the related question link for more information.
Yes, you can claim Social Security at age 62 based on your own credits. When your husband reaches full retirement age, you can switch to claiming a spousal benefit equal to 50% of his benefit if it is higher than what you receive on your own record. This strategy may allow you to maximize your benefits.
Yes, you can. As you said, teachers in Ohio do NOT pay social security. Teachers in Pennsylvania DO pay social security. HOWEVER (and there is a big however), when you start to collect social security, you will take a hit from social security. This is called a Windfall Provision. Spousal benefits are also affected. With that said, PLEASE CONSULT YOUR ATTORNEY AND TAX ADVISOR. I am not an expert.