Figuring out the calculation for Social Security spousal benefits, especially when adjusting for age, can be tricky. In this video, I make it easy to understand!
Resources:
RS 00615.020 Dual Entitlement Overview
RS 00615.694 DRCs in Dual-Entitlement Cases
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Write an article about Social Security Spousal Benefits Simplified 👍🏼 in English
Example I am 80 and wife is 52 and not working what percentage would she receive?
OK, I have watched your videos on this subject. I understand the reductions when taking SS early. I just want to be clear on the spousal benefit of 50%, of the higher earners benefit, when collecting early. My wife and I will take our benefits at 62. Without going through the math, will the lower benefit receive 50% of the higher benefit? This includes their benefit plus their spousal benefit. We have a FRA of 67. Thanks
Does this apply to California certified domestic partners? My partner ( A Deven too) is 57 and I’m 63. Just started getting SS in July. Just trying to plan ahead.
What happens if the higher earning spouse never applies for benefits? Could they successfully block the lower earning spouse from claiming the spousal benefit?
You need to go back to your old video and update it or remove it. I was watching like 30mins before watching this. I was questioning your math that you fixed here.
Devin,
I’m 63 next March
My wife is 62 next April
And yes we are both going to file early, March (me), then April (her)
Her FRA is less than 1/2 of mine
So the formula is this?
My FRA/2 – Her FRA x .65 = Spousal benefit.
And then that is a separate payment in addition to her own benefit taken early?
Is my understanding correct?
My husband and I both were disabled, he passed away Feb 28th and was making about $700 more. I filed for spousal benefits and it's still pending in Oct. Why is it taking so long? I'm 52 but disabled
Thank you! Finally, someone provides understandable info on spousal benefits. Much appreciated. The tables, and your explanation, were perfect! BTW, we have received so much conflicting information from the SS office, and Fidelity advisors, on who has to file first (the husband or wife)….it's maddening!
Great content. What if you reversed the last scenario? For example, I'm 2 years older than my spouse. Both have paid in, but I was the higher earner. If I take early SS at 62, what happens when I turn 64 (after receiving SS for two years), and then my spouse files at age 62? Thanks.
I was told by my local SS office that my wife's spousal excess would be eliminated at age 70. She would revert back to just her own benefit, is this true? I have not been able to find that on the SS website.
Clear and concise. The charts really help clarify your examples. Thank you.
Devin!! Thank you for the explanation.
Literally, the most amateur worse made sci-fi movies I have seen. 10 out of 10
My question…my husband is the higher earner and is going to file for retirement now, I want to file for mine also. How long do I need to wait? Do I need to wait until his starts?
I am not sure that I understand in my scenario, what, if any spousal benefit might be there. I started taking ss at fra 3 years ago. My wife just started taking ss at age 65, plus 4 months, about 1 year and 4 months before fra. I would have typically been the higher earner, except for perhaps a year or two of MY last year while I was still working. Is the fact that she started taking her benefit early the reason for no spousal benefit?
Yeah, the second or third wife in the thumbnail is getting ready to put a chokehold on her second or third husband. She will get rich on Spousal benefits.
Is this a possibility? Wife files for benefits at FRA of 66.
Simultaneously, the husband (age 62) files for spousal benefits at 50% of hers. The husband does NOT
file for his benefits when he is eligible… Instead, he waits to reach full retirement age (say 67 or even 70).
He delays filing for his own 100% benefits. Once the husband's benefits are maximized, he files for his own benefits. The wife is then able to "step up" her benefits to the higher payout.
My situation is not cookie cutter, everyone we have gone to cannot give us an answer. My husband, a Brit, worked in 4 countries including the US, he took US social security at 62 in 2020. During this time the International Office in Baltimore was shutdown and only answered questions by mail. Our questions on how to file internationally only returned a form letter on WEP. Our local offices did not know how to answer any of our questions on filing for International agreements. Consequently, he did not file for social security for the UK, France and Germany as the qualifying age varied from country to country. He has the minimum number of years for retirement in each country and was self-employed. We are the same age and will both qualify next year for FRA. My question is how will this effect his retirement calculation as he could not get any answers from the International or local office how to file internationally. Will he be penalized by the US for taking Social Security at 62, when he will not file until 66 for the other countries?
Sir, one thing I have not heard anyone talk about, is the fact that when a working spouse is eligible to retire at 66 years of age, but decides to wait until 70, he accumulates credits, which amount to 8% for each year, for a maximum of 32%. One thing that is missed, is that the non-working spouse, when she files for spousal benefits, does not get the credits her husband earned when he waited to reach 70 years of age. She is eligible to receive 50% of what the working spouse would have earned upon retirement at FRA of 66 years, less the 32%. You might wish to touch on this subject. Thx.
What hell demon spawn came up with SS math.
Pretty crappy benefit the surviving spouse should get 100%