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The spousal maximum benefit at full retirement age (FRA) is typically up to 50% of the primary worker's full retirement benefit. This amount can vary based on the primary worker's earnings record and the spousal benefit rules set by the Social Security Administration. It's important for spouses to consider factors such as their own work history and the timing of benefit claims, as these can affect the final benefit amount. For precise figures and personalized estimates, it's advisable to consult the Social Security Administration or use their online calculators.
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At full retirment age 66 can you and your husand collect own separate benefits check from social security?
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.
Can I receive social security at 62 based on my credits and then when husband is 66 get full 50 of his as spousal because it is higher.?
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.
Born in 1975 what would be my retirement age to get maximum social security benefit?
To get your full retirement benefit, you need to be 65 or older. That will be in the year 2040.
Can the other spouse collect spousal benefits from social security after the first spouse goes from spousal benefits to their own full benefit?
Yes, the other spouse can still collect spousal benefits from Social Security even after the first spouse switches from spousal benefits to their own full benefit. However, the amount they receive will depend on their own work history and eligibility. If the other spouse is entitled to a higher benefit based on their own earnings, they may choose to take that instead. It's important to consult with the Social Security Administration for specific circumstances and calculations.
Can you draw your deceased spouses social security and pension if your remarry?
Whether or not you have worked during your lifetime and earned Social Security, you may qualify for benefits on a spouse's record. This is the case even if you are divorced or widowed.As with regular Social Security benefits, you will qualify beginning at age 62 (you may qualify earlier for survivor benefits, which is explained below). Typically, the amount you receive is reduced the earlier you start collecting before full retirement age. So when you and your spouse apply matters. Here's how it works.If You Do Not Qualify for Benefits on Your OwnIf you did not work enough in your life to qualify for Social Security benefits on your own, you could get one half of your spouse's full retirement benefit once you reach full retirement age, and you will qualify for your spouse's Medicare at age 65. This does not affect the amount your spouse receives.You can begin collecting spousal benefits at age 62, if your spouse has applied for benefits at that point. The amount of your benefit is reduced based on the number of months until you will reach full retirement age. Say your full retirement age is 66. If you begin collecting spousal benefits:
Can a spouse collect anther spouses social security if they have not lived together in 30 years?
If the spouses are still legally married, then all of the regular rules apply - there is no restriction for living in the same household. If eligible, spousal benefits can be payable to one spouse based on the other spouse's record. The other spouse must have filed for benefits to enable this spousal benefit to be received. If the spouses in question are divorced (therefore ex-spouses), as long as they were married for at least 10 years and the spouse who is planning to file for benefits on the other spouse's record has not remarried, this is allowed as well. The other spouse must be at least 62 years of age (doesn't have to file), and all other restrictions apply. In both cases, if the spouse who is filing for benefits on the other spouse's record is younger than Full Retirement Age (66 for those born between 1943-1954), then you must file for your own benefit in addition to the spousal benefit at the same time, and both will be reduced due to early filing. The maximum amount of spousal benefit is equal to 50% of the other spouse's benefit amount at his or her Full Retirement Age.
How does your wife get half of your social security?
At her full retirement age your wife is entitled to an amount equal to half of what you are entitled to receive at your full retirement age. (If you're not the same age that full retirement age may not be the same age in years for both of you as it rises from 65 to 68 in the years to come) Benefits your wife receives neither increase nor decrease your retirement benefit from social security. What she gets doesn't change what you get. Your benefit is increased by the delayed retirement credit of 8%/year for each year you delay taking benefits after your full retirement age until age 70, but your wife's available retirement benefit does not change. (Neither of you should delay starting Medicare since that usually incurs a penalty.)
When is the full retirement age if born in 1945?
If you were born in 1945, your full retirement age for Social Security benefits is 66 years and 2 months. You can start receiving reduced benefits as early as age 62, but waiting until your full retirement age will allow you to receive your full benefit amount.
Can i get half of ex husbands social security if i am 62?
Yes, you can receive benefits based on your ex-husband's Social Security record if you are 62 and have been divorced for at least two years. To qualify for spousal benefits, you must have been married for at least 10 years and not be currently married. The benefit amount you can receive is up to 50% of your ex-husband's full retirement benefit, provided it is higher than your own benefit.
Can wife at 62 claim half of husbands benefits?
Yes, a wife can claim half of her husband's Social Security benefits if she is at least 62 years old and her husband is eligible for Social Security benefits. This spousal benefit allows her to receive up to 50% of her husband's benefit amount, provided that he has filed for his benefits. However, the amount she receives may be reduced if she claims before her full retirement age. It's important for both spouses to consider their individual retirement strategies when making claims.
Can a wife at age 62 draw half of spouse's SS and continue to work and earn unlimited?
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
If i was born in 1964 what is my US retirement age?
If you were born in 1964, your full retirement age for Social Security benefits is 67 years old. You can begin receiving reduced benefits as early as age 62, but waiting until your full retirement age will provide you with the maximum benefit amount.
