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Social Security can go a long way in retirement, and if you're married, you could be entitled to extra cash each month in the form of spousal benefits. The average spouse of a retired worker ...
According to the 2024 Social Security Statistical Supplement, there are about 1.98 million people actively receiving a spousal benefit from Social Security. The average monthly benefit was $890.24 ...
Married and divorced retirees are often entitled to spousal or divorce benefits, and a new year brings fresh changes to Social Security. Whether you're already collecting Social Security or plan ...
Additionally, divorced spouses do not have to wait for their ex to claim Social Security before they become eligible for spousal benefits. The second case is if you care for your spouse's ...
One important aspect of it that married (and divorced) couples ought to know about is its spousal benefit, which can provide retirement income to both spouses based on only one of their work records.
Applying for and receiving spousal benefits is a great way to boost your own Social Security monthly benefit -- sometimes by as much as $800. Even if you never worked, you're eligible for Social...
Your spousal Social Security benefit has a maximum value -- 50% of your current or ex-spouse's benefit at their full retirement age. If you claim your spousal benefit early, it'll be reduced, the ...
Being divorced doesn't automatically take Social Security spousal benefits off the table. To be eligible, however, you need to have been married to your ex-spouse for 10 years or more.