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What percentage of my spouse social security can I draw at age 62?
Wiki User
∙ 10y ago
As the spouse, you may be eligible to receive up to 50% of your spouse's Social Security benefits if you file at your full retirement age (typically between 66 and 67). If you choose to file at age 62, your benefit amount may be reduced. It's important to consult with the Social Security Administration for specific details based on your individual situation.
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Do draws from a 401K count against the annual earnings cap for Social Security benefits below full retirement age?
No, draws from a 401(k) do not count towards the annual earnings cap for Social Security benefits before reaching full retirement age. Only earned income from work or self-employment is considered in determining whether Social Security benefits are subject to the earnings limit.
How much wages can I make retiring at 65 with spouse drawing off wage earner?
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.
When can you draw social security?
You can start drawing Social Security benefits as early as age 62, but the amount will be reduced if you start before your full retirement age. Your full retirement age is between 66 and 67, depending on the year you were born. Waiting until after your full retirement age can increase your benefits.
Can you continue to contribute to your 401k while still working after full retirement age and draw social security?
Yes, you can continue to contribute to your 401(k) after reaching full retirement age as long as you are still working. You can also delay taking Social Security benefits to potentially increase your benefit amount in the future. Just keep in mind that once you reach a certain age, typically around 70-72, you must start taking required minimum distributions from your retirement accounts, including your 401(k).
You were born in 1957 can you draw a State Pension at age 62?
In the US, the earliest age to draw Social Security benefits is 62, but the full retirement age for those born in 1957 is 66 and 6 months. Drawing benefits at 62 will result in a reduced monthly benefit amount compared to waiting until full retirement age. It's advisable to consider your individual circumstances and long-term financial plan before deciding when to start receiving benefits.
Can you draw Social Security on the death of an unemployed spouse?
If the spouse was eligible in the first place you can, regardless if he was unemployed at the time.
Do you have to wait for the ex spouse to start drawing social security before you can draw on his?
yes
If paying alimony and ex spouse becomes eligible to draw Social Security on ex spouse who is paying alimony can alimony payments stop?
It depends on the wording of the alimony decree. Generally, the alimony and the Social Security are independent of one another.
How old does my spouse have to be to get a check from my Social Security?
If you and your spouse have been married for at least 10 years, she will be eligible for a Survivor Social Security Benefit monthly check if you are deceased, and if she is age 62. But if she is disabled, she may qualify to draw it at an earlier age. You can phone your social security office or go online to be sure though, which I recommend.
Can you draw off a spouse social security if he is incarcerated?
I don't think so but call ss office and ask they'll tell you
Can you draw social security at 55?
You can only draw Social Security benefits at age 55 if you are disabled.
Can your divorced spouse draw off your social security?
If you were married at least 10 years and the spouse has not remarried, then he/she would receive the standard 50% share from your social security pension. It does not lower your payments however. Parenthetically, you can remarry and get divorced numerous times, and the spouse will each get 50% share (assuming that they were each married for minimum 10 years)
Will your benefits decrease if your ex-wife draws off your Social Security?
No, your benefits will not decrease, nor will the benefits of anyone else who may be entitled to draw Social Security against your work record (a current spouse, minor children, etc.)
You were married 9 years 9 months can you still receive your exs social security benefits?
Benefits for a divorced spouse Your divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried.You should contact the social security administration to verify this information. Go to the SSA gov website social security benefits online and use the search boxOr you can call 1-800-772-1213. Or you can make an appointment to visit any Social Security office to apply in person.
What are the states that allow you to draw both unemployment and Social Security?
You can draw both unemployment and Social Security in all 50 states.
My wife and I both draw social security. If one of us dies will the living spouse draw any or part of the deceased social security benefit?
Basically, you draw benefits based on the highest possibility. So, if you would die first, depending on if your benefit or her benefit would be higher, the payments would be based on that one. They give you the higher of the two.
Can you draw social security and teachers retirement and change from your social security to my wife who passed away a short time ago?
Can you draw social security and teachers retirement and change from your social security to my wife who passed away a short time ago?
