Understanding spousal Social Security benefits: 4 things retired couples should know

spousal Social Security benefits: 4 things retired couples should know

Social Security is not just about retirement savings for individuals. It also helps spouses by allowing them to claim benefits based on their partner’s work record. Let’s understand how this works with four simple facts every retired couple should know. Quick Overview Spousal Benefit Scenarios Situation Eligibility Age Benefit Amount Notes Both spouses retire at … Read more

Can a Divorced Spouse Receive Half of Your Social Security Benefits? Who is Eligible?

Can a Divorced Spouse Receive Half of Your Social Security Benefits

Did you know that if you are divorced, you may be able to claim Social Security benefits based on your former spouse’s work record? This rule can provide financial assistance to many people. Let us understand it in simple terms. How does it work? The Social Security Administration (SSA) allows a divorced spouse to claim … Read more