Why do I have to file for spousalat age 70?
This allowed workers to file only for their spousal benefit while delaying their own retirementto age 70 in order to accrue delayed retirement credits and maximize benefits. This strategy was usually applied if the worker delaying retirement benefits would have a higher benefit based on their own work record.
What happens if my spouse takes Social Security?
Ifspouse takes Social Security before his full retirement age, his or her monthly benefits will be reduced. Your spousal benefits in turn will be calculated based on this reduced amount, thereby reducing monthly benefits. If your spouse takes Social Security early, and you also take Social Security early, you will be significantly reducing the amount of benefits that may be paid out over your lifetime. This is because the earlier you take your benefits before your full retirement age, the more your benefits are reduced. For example, if your full retirement age were 66, then the following reductions to benefits would apply:
How old do you have to be to collect Social Security?
In order to qualify for Social Security spousal benefits, you must be at least 62 years old and your spouse must also be collecting his or her own benefits.
How old do you have to be to get a divorce?
However, there are a few eligibility requirements: You must have been married to your ex-spouse for at least 10 years. You must be at least 62 years old. However, if your ex-spouse is deceased and you are currently unmarried, you may collect benefits as early as age 60 as a surviving divorced spouse.
How long do you have to be a full time student to receive unemployment?
If a child is still a full-time student (no higher grade than grade 12) when they turn 18, they can continue to receive benefits until 2 months after they turn 19 or until they graduate, whichever comes first. Children who are disabled can also continue to receive benefits after they turn 18 years old.
How much of my spouse’s Social Security benefits do I get at 65?
At age 65, you would receive 45.8% of your spouse’s benefit. At age 64, you would receive 41.7% of your spouse’s benefit. At age 63, you would receive 37.5% of your spouse’s benefit. At age 62, you would receive 35% of your spouse’s benefit.
Can a spouse collect spousal benefits based on work record?
Additionally, if you are the higher earner, your spouse can apply to collect spousal benefits based on your work record. It is important to note that claiming a spousal benefit does not impact the benefit amount received by the worker whose earning record is being used.
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