Spousal Benefits

How Would Spousal Benefits Be Calculated In My Example?

Category: 

I am having trouble understanding which formula is used to calculate spousal benefits, if spouse retires early. Here is an example. Assume both spouses' FRA is 67, wife's PIA is $800, and husband's PIA is $2,000. Now if wife retires at 67, and husband is already retired, then I understand wife would get 800 + 200 = 1,000, which is 50% of husband's PIA.

How Long Would My Girlfriend And I Need To Be Married So She Can Qualify For My SS?

Category: 

I am 64 girlfriend 62 how long will we have to be married so she can qualify for my ss

Hi,

Unless she's already eligible for certain types of Social Security benefits or if she's the mother of your child, your girlfriend would need to be married to you for at least a year in order to qualify for spousal benefits (https://www.ssa.gov/OP_Home/handbook/handbook.03/handbook-0305.html).

How Would It Work If My Friend's Wife Files For Spousal Benefits?

Category: 

Hi,

My friend is 65 years of age and has been receiving SSDI benefits for seven years. His wife never worked and is now 64 years of age.If she applied for benefits under his Social Security, how would this work? Will she receive less if she files for spousal benefits now than if she waited until her full retirement age? At what point will he switch from SSDI to Social Security?
Thanks. Jim

Hi Jim,

Does A Spousal Benefit Increase If Their Spouse Works Past Full Retirement Age?

Category: 

Does spousal benefit rate increase if the spouse whose record the benefit is based on works past full retirement age? In other words, if I work until I am 70, will my retired spouse be eligible for spousal benefit based only on what my benefit would have been if I had retired at 66 (useless, as 50% of that is slightly less than benefit she’s currently receiving)? Or will it eventually be based on my benefit at age 70? BTW, we were born in 1951 and 1952, if that makes a difference.

Hi,

Can My Wife Start Collecting Her Benefits Without Impacting What She'll Later Receive In Spousal Benefits?

Category: 

Just finished your book and I'm a converted break even analyst. I plan on waiting to age 70 to collect. However, I couldn't find an answer to this question; My wife's earned benefit is less than half what she'll receive as a spousal benefit when I retire at 70. She is a year older than me. Can she start collecting her own benefit at 62 (or 66, 8 mo.) without impacting the spousal benefit she can receive when I start collecting at age 70? I read all about "deeming" but she's can't claim a spousal benefit until I start collecting at age 70, right?

Hi,