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A Social Security spousal rule that was around for decades ended this year for the last eligible retirees — those who turned 70 on Jan. 1, 2024. The rule allowed recipients to switch between ...
A Social Security spousal rule that has been around for decades officially ends this year for everyone except those who turned 70 on Jan. 1, 2024. The rule allows recipients to switch between ...
Source: Social Security Administration. As an example, let's assume the primary spouse's PIA is $2,000. If the person claiming spousal benefits waits until FRA (67 in this case) to claim, their ...
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 ...
The Social Security Administration implemented the deemed filing rule to prevent double-dipping. Prior to the rule, if spousal benefits were higher than an individual benefit, the person could ...
The base spousal benefit is equal to one-half of the higher-earning spouse's primary insurance amount -- i.e., the Social Security benefit they would be entitled to if they claimed at their full ...
For decades, a Social Security spousal rule has allowed those planning for retirement to switch between their benefits and spouses to receive the maximum amount. That rule is scheduled to end this...
The Social Security Fairness Act (SSFA), which was recently signed into law by former president Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from...
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