There’s been a lot of talk lately about Social Security filing strategies, specifically strategies around Social Security spouse benefits. And for good reason; one of the many benefits of being married is that you may be able to collect Social Security benefits based on your spouse’s earnings, even if you didn’t work enough to qualify […]
Budget Deal Eliminates File and Suspend Social Security Filing Strategy
Last week President Obama signed the 2016 budget deal which included several surprise provisions for Social Security. The two biggest changes will be to the “file and suspend” strategy and the ability to file a “restricted application”. The loss of these two strategies will affect many Americans’ retirement plans as they were relying on these […]
10 Strategies to Maximize Social Security Benefits
Note: Only people who reached age 66 by May 1, 2016 can file and suspend their benefits. “One way to improve your retirement is to maximize Social Security benefits you will receive. In a recent survey, 49 percent of American workers said they are not confident that they will have enough money to live […]
Social Security’s Gift to Married Couples: Spousal Benefits
One of the benefits of being married is the ability to share your spouse’s Social Security benefits. If you and your spouse are getting close to retirement you should know that there are various benefits available to spouses, including divorced or surviving spouses. If you are reading this article, chances are you are already aware […]
Q&A: Can I Collect My Own Social Security Benefit and My Spouse’s?
Q: Can I receive two retirement benefits? I have heard that spouses can collect 50% of their husband’s benefits; can I collect my own benefit and half of my husband’s? A: You can only collect one Social Security benefit. When you retire Social Security will calculate your own benefit and any other benefits that you […]