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The spouse or divorced spouse of a retirement beneficiary is eligible for a Social Security spouse benefit if the spouse or divorced spouse is 62 or older. The benefit amount is equal to 50 percent of the retirement beneficiary's Primary Insurance Amount (PIA) if the spouse claims the benefit at the full retirement age or later.
Data source: Social Security Administration. Average benefits are as of December 2023. Apart from age 68, which has an average benefit slightly higher than the average benefit for age 69, we see ...
Social Security calculates retired worker benefit amounts using a formula that factors in the 35 years when someone's earnings were the highest. At full retirement age, one is eligible to receive ...
Data source: Social Security Administration. 2. How your spouse's claiming strategy impacts your spousal benefits. One key detail about spousal benefits is that in order to be eligible, your ...
The Social Security earnings test withholds benefits from workers under their FRA who claim checks while earning an income over a certain threshold. In 2024, you lose $1 for every $2 you earn over ...
The Social Security Administration treats an application for SSI to also be an application for any Social Security benefit for which the individual is eligible. In general, however, SSI differs from Social Security because SSI pays benefits to individuals who have limited income and resources.