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If a spouse retires at 68 and his spouse is only 64 can the spouse receive reduced benefits in early retirement?
More information is needed. Retirement from WHAT? Reduced benefits from WHERE? Are you speaking of a company retirement plan or Social Securioty?
When you divorce will you still get rr retirement?
If you divorce, your eligibility to receive retirement benefits from a Railroad Retirement (RR) plan depends on several factors, including the division of marital assets and state laws regarding retirement benefits. Generally, a spouse may be entitled to a portion of the RR retirement benefits accrued during the marriage, as determined by the divorce settlement. It's important to consult with a legal expert or financial advisor to understand your specific rights and options regarding RR retirement in the context of divorce.
How do you apply for former spouse military retirement benefits?
We need to know the country, state or province.
Can husband and wife both receive social security?
Yes. See the following excerpts from the Social Security website at the related link provided below:Spouse's benefits:A spouse who has not worked or who has low earnings can be entitled to as much as one-half of the retired worker's full benefit. If you are eligible for both your own retirement benefits and for benefits as a spouse, we always pay your own benefits first. If your benefits as a spouse are higher than your retirement benefits, you will get a combination of benefits equaling the higher spouse benefit.If you have reached your full retirement age, and are eligible for a spouse's or ex-spouse's benefit and your own retirement benefit, you may choose to receive only spouse's benefits and continue accruing delayed retirement credits on your own Social Security record. You may then file for benefits at a later date and receive a higher monthly benefit based on the effect of delayed retirement credits.If you are receiving a pension based on work where you did not pay Social Security taxes, your spouse's benefit may be reduced.Benefits for a divorced spouseYour 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.The amount of benefits he or she gets has no effect on the amount of benefits you or your current spouse can get.Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.
What are some common social security retirement questions and answers?
Common social security retirement questions include: When can I start receiving benefits? How much will my benefits be? Can I work and still receive benefits? How does my spouse's work history affect my benefits? How do I apply for benefits?
What are some effective social security strategies for maximizing retirement benefits?
Some effective social security strategies for maximizing retirement benefits include delaying claiming benefits until full retirement age or even later, maximizing your lifetime earnings to increase your benefit amount, and coordinating benefits with a spouse to optimize overall benefits.
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 your wife at 62 collect early benefits off of your benefits without affecting hers or your benefits at full retirement?
Your spouse cannot collect benefits from your work record until you are collecting your benefits, so if you do not collect until your full retirement age, she cannot collect anything either.
Is my spouse entitled to military retirement benefits if we've been married 8 years in Texas?
Yes. Texas is a community property state, therefore your spouse is entitled to half of the retirement you earned during marriage if you are divorcing in Texas.
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
can you apply for former spouse retirement benefits?
Yes, you can apply for former spouse retirement benefits if you meet certain criteria. Generally, you must have been married to the retiree for at least 10 years, and you must be at least 62 years old to qualify. Additionally, you may need to provide documentation of your marriage and divorce to access these benefits. It's advisable to check with the specific retirement plan or Social Security for detailed eligibility requirements.
What do spouse benefit?
Spouse benefits refer to the advantages or entitlements that a spouse can receive, often in the context of financial or social support systems. These can include health insurance coverage, retirement benefits, and survivor benefits from pensions or Social Security. Additionally, spouses may have rights to inheritance and tax benefits. Overall, these benefits serve to provide financial security and support within a marriage.
