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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 ...
The maximum Social Security benefit for someone reaching full retirement age in 2025 is $4,018 per month. That means the maximum possible spousal benefit is approximately $2,000.
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) All Social Security benefits received a 2.5% increase in January, thanks to the latest cost-of-living adjustment (COLA).
Spousal Social Security benefits can be a vital source of income for married couples where only one spouse worked or one significantly outearned the other. There are three key requirements you ...
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 ...
There's also a twist to Social Security that allows spouses to claim benefits based on their husbands' or wives' benefits. Employers must contribute to the retirement savings of their workers, too.
The Social Security Administration (SSA) lowers spousal benefits by 25/36 of 1% for every month before the FRA. However, if the number of months is more than 36, benefits are further lowered by 5/ ...
Everyone who qualifies for Social Security retirement benefits should strategize to ensure the highest possible payout, but it's especially important for married couples. Not only can the rules get...