Want this question answered?
The amount of wages you can make when retiring at 65 with a spouse benefiting from the wage earner's income will depend on various factors such as your entitlement to Social Security benefits, any pension income, and other sources of retirement income. It is recommended to consult with a financial advisor who can assess your specific situation and provide personalized guidance.
I don't think so but call ss office and ask they'll tell you
You can draw half of your spouse's entitlement if you wait to retire when you reach full retirement age (65 for people born before 1943; 66 for those born between 1943 and 1954) if your spouse is also retired.
A spouse receives one-half of the retired worker's full benefit unless the spouse begins collecting benefits before full retirement age. In that case, the amount of the spouse's benefit is reduced by a percentage based on the number of months before he/she reaches full retirement age.For example, based on the full retirement age of 66, if a spouse begins collecting benefits:At 65, the benefit amount would be about 46 percent of the retired worker's full benefit;At age 64, it would be about 42 percent;At age 63, 37.5 percent; andAt age 62, 35 percent.However, if a spouse is taking care of a child who is either under age 16 or disabled and receiving Social Security benefits, a spouse gets full (one-half) benefits, regardless of age.If you are eligible for both your own retirement benefit and for benefits as a spouse, we always pay your own benefit first. If your benefit as a spouse is higher than your retirement benefit, you'll receive a combination of benefits equaling the higher spouse's benefit.Click on the below Related Link
Yes. Having a retirement account such as a 401k or an IRA will not affect your ability to draw social security benefits.
More information is needed. Retirement from WHAT? Reduced benefits from WHERE? Are you speaking of a company retirement plan or Social Securioty?
no....because most teachers pay only into TRS (Teacher Retirement System) and not into SS, they will receive their TRS only...the government stopped a loop hole back in 2004 for receiving TRS and SS, because the government considers it double-dipping...so if a spouse paid into SS, the teacher cannot get spousal benefits from the spouse because it would be considered double dipping...there is a small chance that the teacher would be eligible for a small amount of her spouse's SS, or even her own if she worked her 40 quarters before teaching, but the amount would be subject to two penalties called the GPO and Windfall...please check your local SS office on more of these two penalties.
== ==
Why are my SS benefits reduced because on my income
Yes, if you were married for at least 10 yrs. you can draw your deceased ex-husband's social security, but there are some stipulations. If your ex-husband died at or after his full retirement age & you are at full retirement age when he died , then you can collect 100%. Other than that, only a % of his social security can you get. You can call SS & ask them to send you the booklet that explains it.
No.
i live in mississippi and having neck and back problems and i draw from my husband's ss