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Marriage doesn't automatically reduce Social Security benefits, but it opens the door to additional spousal and survivor benefits that can enhance retirement income.
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 ...
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).
Most people have their premiums deducted from their Social Security checks, and starting next year, you can expect to have more of your benefits withheld. Part B premiums will cost $185 per month ...
If you wait to take your Social Security benefits until your FRA, you’ll get that $1,000 per month, and the SSA will add the $300 from your spouse’s benefit, so you’ll get $1,300, because ...
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 ...
Social Security is a complex program, and the rules of spousal benefits have the potential to be a bit confusing. Take the time to read up on how these benefits work so that you're able to make ...
Image source: Getty Images. 1. Three criteria must be met for spousal benefits. To start, two things must be true for you to qualify for Social Security spousal benefits: You must be married for ...
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