Normally a spousal benefit is 50% of the spouse's FRA benefit amount, reduced if the spouse claiming the spousal benefit is filing for benefits early. If you're older than your spouse, you can collect your own retirement benefits until your spouse reaches retirement age, then claim the spousal benefits on top of your own retirement benefits. Your wife could apply for spousal benefits, but she'll only be eligible if 50% of your primary insurance amount (PIA) is more than her own PIA. "§ 404.335 How Do I Become Entitled to Widow's or Widower's Benefits?" "primary insurance amount," In the meantime, please feel free "If You Are Divorced." The provider’s terms, conditions and policies apply. What Is Full Retirement Age for My Social Security Benefits? If you understand these three rules, much of the confusion surrounding spousal benefits is easy to clear up. like to begin receiving benefits, we will tell you the effect of early retirement High Yield Savings from Marcus by Goldman Sachs. At that time you will be eligible for a spousal benefit, and if it is more than what you are currently getting, Social Security will automatically pay you the extra amount each month.. Please enable Javascript in your browser and try again. Hi, No. If the spousal benefit is larger, Social Security pays your retirement benefit first, then adds enough of your spousal benefit to make up the difference and match the higher amount. to search for ways to make a difference in your community at What Do the Recent Claiming Changes Mean for Me? Accessed Feb. 6, 2020. If your spouse has not filed yet but you have, when your spouse files, the deemed filing rules come into play. In this particular case, it likely made sense for her to file early. If she had waited until her own FRA to file benefits, she would have received the full spousal benefit of $1,050, as that would have been higher than her own FRA benefit amount of $800. www.aarp.org/volunteer. "Benefits for Your Family." The spousal benefit can be as much as half of the worker's Can my spouse now now claim the difference between her benefits and 1/2 of my benefits which is several hundred dollars a month? AARP The older spouse will claim when he turns 66. Early retirement reduces benefits. Due to Social Security laws that were passed in November 2015 anyone who suspends benefits after April 30, 2016, will end up suspending all benefits based on their record — which means a spouse cannot collect spousal benefits during a time when their spouse has "suspended" benefits.. benefit. Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive. 25 percent. Let's work through it by expanding upon our example above. You have reached your full retirement age. Spousal benefits can be combined with a retired worker's benefit to increase household Social Security income, but a widow or widower can't collect both benefits after the worker spouse passes away. receive communications related to AARP volunteering. and if that benefit is higher than the spousal benefit, then we pay the If you were born on or before Jan. 1, 1954, once you reach your FRA you can use a restricted application to restrict the scope of your application to spousal benefits only, allowing you to later switch to your own benefit amount.. Roger Wohlner is a financial advisor and writer with 20 years of experience in the industry. The younger spouse claimed at 62. As the older spouse has not filed yet, spousal benefits are not available yet so the younger spouse gets his/her own benefit amount. Social Security Spousal Benefits FAQs Answers to some of the most commonly asked questions financial advisers get on spousal benefits, including when to take them and how benefits for ex-spouses work. Free calculators to help manage your money, Rate bonus on high-yield online savings account, AARP Members get $2 off Audible’s monthly membership. on your spousal benefit as a percentage of the worker's primary insurance amount. If you were born after Jan. 1, 1954, there are only two exceptions to the deemed-filing rule. Excess Spousal or Supplemental Spousal Benefit. If your spouse has already filed, you will automatically receive the larger of your own or the spousal benefit. Of course, she would have had to forgo the first four years of benefits to receive the higher amount. Your spouse is collecting his or her own Social Security retirement benefit. Comments: 0. Here's How Social Security Survivor Benefits for a Spouse Work. "Benefits for Your Spouse." You are at FRA (Full retirement age) or older. How Old Does My Ex Need to Be for me to Get Spousal Social Security? Your spouse is collecting his or her own Social Security retirement benefit. Accessed Feb. 6, 2020. Under a law Congress passed in 2015, people born after Jan. 1, 1954, cannot file a restricted application, regardless of how old they are when they file for benefits. They are covered by what Social Security calls “deemed filing.” When they claim retirement benefits, they are also deemed to be claiming any spousal benefits they are entitled to, except under narrow circumstances. Accessed Feb. 6, 2020. "Social Security Benefits - Benefits for Spouses." How Do Social Security Survivor Benefits Differ From Spousal Benefits? A spousal benefit is reduced 25/36 of one However, if your spouse reached full retirement age and voluntarily suspended his or her benefit before April 30, 2016, you can receive a spousal benefit even though your spouse suspended benefits.
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