Will remarrying affect my Social Security benefits?
Fortunately, remarriage does not affect a person’s Social Security retirement benefits. This is because these payments are calculated based on yours and your spouse’s individual earnings histories. However, you will want to spend a short time amount of time to see how your survivor and SSI benefits will be affected.
Will marriage affect my Social Security benefits?
SSI Benefits. Marriage itself doesn’t affect your eligibility for SSI benefits, but if your new husband or wife has income, Social Security will attribute some of his or her income to you (this is called deeming spousal income ). Because of SSI’s strict income limits, your new spouse’s income may make you ineligible for benefits, or reduce your benefits by the amount of your countable income.
Can a husband and wife both collect Social Security?
Whether a husband and wife can both collect Social Security depends on a few factors. The circumstances at play include what type of benefits one or both partners receive, their ages, and their total income. There are also situations where each partner is eligible to collect their own benefits, but it may make more sense for one partner to receive spousal benefits from the other.
What to do when social security beneficiary dies?
Key TakeawaysSocial Security beneficiaries can receive payments from Social Security or Supplemental Security Income (SSI).When a Social Security beneficiary dies,the death must be reported to the Social Security Administration.Eligible relatives and family members can receive Social Security survivor benefits after a beneficiary passes away.More items…
When do divorced spouses’ benefits end?
If you receive divorced spouse’s benefits — Generally, your benefits end if you remarry. Check out if you are divorced for more information. Benefits for a child under age 18 or student ages 18 or 19 — Benefits end if you marry. You can find more information in our page Benefits for Children.
Can I get SSI if I remarry?
If you receive benefits as a widow, divorced widow, widower, or divorced widower — You cannot get benefits if you remarry before age 60 or if you are disabled and remarry before age 50.
Can my SSI payment change?
Supplemental Security Income (SSI) payments — your SSI payment amount may change as a result of your new spouse’s income and resources. If you and your spouse both get SSI, your payment amount will change from an individual rate to a couple’s rate.
What happens if my spouse is not alive?
If your spouse or ex is not alive, depending on your age, you could lose eligibility for survivor benefits you might otherwise collect on the record of the deceased. You’ll find more information in the "Survivors" and "Divorce" sections of AARP’s Social Security Resource Center. Marriage or remarriage also can affect Supplemental Security Income …
Does marriage affect Social Security?
Marriage or remarriage also can affect Supplemental Security Income (SSI), a benefit for older or disabled people with low incomes that is administered but not financed by Social Security. For example: The recipient’s income and assets partially determine the SSI payment.
Can I change my SSI benefit if I marry someone?
Marriage to another SSI recipient will change your benefit amount from an individual rate to a couple’s rate.
Does Social Security pay a penalty for marriage?
If we’re talking about your retirement benefit, the answer is no. Social Security has no marriage penalty. The monthly retirement payments that you and your prospective spouse get are calculated separately, based on your individual earnings histories, and they don’t change when you tie the knot, whether it’s your first, second or fifth time.
What is the spousal benefit rate at full retirement age?
Hi Jerry, Your spousal benefit rate at full retirement age (FRA) would actually be 50% of your wife’s Primary Insurance Amount (PIA), which is equal to her full retirement age (FRA) retirement benefit amount, even if she’s not yet FRA and she’d receive a reduced rate. Also, if your wife is still working both her benefits …
Can my husband file for spousal benefits if his retirement is suspended?
Based on what you’ve described, a possible sticking point would be if your husband has already filed for and suspended his own retirement benefits. In that case, he wouldn’t be eligible for spousal benefits if his own rate is higher than his potential spousal rate, even if his own benefits are suspended. Best, Larry.
Can I get spousal benefits if my wife’s SSDI is 50%?
Even then, you could only be paid a partial spousal benefit equal to the amount that 50% of your wife’s SSDI exceeds your full retirement rate. Once you’ve filed for your own Social Security retirement benefits, that becomes your primary benefit for life even if you suspend your benefits.
Does remarriage affect Social Security?
Hi Lynn, Remarriages occurring after a widow reaches 60, or age 50 if the widow is disabled and eligible for disabled widow’s benefits, do not affect the widow’s eligibility for widow’s benefits on a prior spouse’s Social Security account. Therefore, if you’re already receiving widow’s benefits you must have already reached the age at which a remarriage would not affect your benefits. Best, Larry
Can my husband file for spousal benefits if he has already filed for retirement?
Based on what you’ve described, a possible sticking point would be if your husband has already filed for and suspended his own retirement benefits. In that case, he wouldn’t be eligible for spousal benefits if his own rate is higher than his potential spousal rate, even if his own benefits are suspended. Best, Larry
Do widows receive Social Security if they are disabled?
Thanks, Lynn. Hi Lynn, Remarriages occurring after a widow reaches 60, or age 50 if the widow is disabled and eligible for disabled widow’s benefits, do not affect the widow’s eligibility for widow’s benefits on a prior spouse’s Social Security account. Therefore, if you’re already receiving widow’s benefits you must have already reached …
Who is Larry Kotlikoff?
Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, a company that markets Maximize My Social Security and MaxiFi Planner. Both tools maximize lifetime Social Security benefits. MaxiFi also finds retirement account withdrawal strategies and other ways to lower your …
How long do you have to be married to get spousal benefits?
If you do get remarried, you are eligible for spousal benefits on your new spouse’s record, Smith said. You generally must be married for one year to be eligible (assuming you are still married and have reached age 62.)
What happens if my second marriage ends?
That changes if your second marriage ends because you get divorced, the marriage is annulled or your second spouse passes away. At that point, if you were married to each spouse for 10 years or longer, you can choose between the two spouses’ benefits, Francis said.
How old do you have to be to claim your ex spouse’s Social Security?
To be eligible to claim on your ex-spouse’s Social Security benefits, whereby you receive up to half of their benefit amount, you must have been married at least 10 years and be at least 62 years of age. You have the ability to choose between your own Social Security benefit or your ex-spouse’s. Once you remarry, however, that choice is gone.
Can you get the same spousal benefits if you have more than one ex-spouse?
The benefit amounts do not change if more than one ex-spouse claims on one individual’s records. Francis said she knows of one man whose four ex-wives were all eligible for the same spousal benefits on his record.
Who is Mike Piershale?
You could lose out if you don’t take that advice, noted Mike Piershale, president of Piershale Financial Group in Crystal Lake, Illinois. Piershale knows a couple who got married in their late 50s, making the individual with a deceased previous spouse ineligible for survivor benefits.