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Spousal benefits are designed to provide much-needed retirement income to married couples for which one spouse had a relatively low income. ... should know about Social Security spousal benefits ...
Claiming Social Security at 62 is popular strategy because it gives recipients the most checks. At the same time, it reduces the size of their checks by up to 30%. For retired-worker benefits ...
My husband began drawing his Social Security at age 62. He is 68 now (born in 1955), while I am 62 (born 1961). ... The Impact of Drawing Social Security Benefits Early. ... The current reduction ...
“Starting Social Security at age 62 could offer a higher overall benefit to the household, particularly if the adult child could begin receiving Social Security Disability Income based on the ...
Determining the best time to apply for Social Security benefits becomes much more complex when you factor in a spouse. Many couples will benefit from at least one spouse claiming well before age 70.
Citing figures from Social Security, the Bipartisan Policy Center says, “15 percent of 62-year-old men will reach [age] 92” and “14 percent of 62-year-old women will live to at least 95.”
In essence, if you’re 62 or older and were married to your former spouse for a minimum of a decade, you might be eligible to receive between one-third to one-half of your Social Security benefits.
Image source: Getty Images. 1. When your spouse claims benefits can matter a lot. It's no secret that one spouse can claim Social Security retirement benefits based on the other spouse's earnings ...
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