James, nice video! I had to figure this out 10 years ago at age 58 when my wife and I both retired. She is 6 years older, and her SS earnings were a lot less than mine. I made several pages of Excel spreadsheets: her SSA earnings, my SSA earnings, and our combined SSA earnings. That information helped us decide when each of us should file. She was just short of her FRA so had a slight reduction. I wasn’t eligible for benefits for a couple of more years - and filed at age 62. The wife’s benefits immediately bumped up to half of my FRA benefit (with a slight reduction since she had filed a couple of months prior to her own FRA. You explained the process precisely as it worked for us. I loved my work - but retirement has allowed us to travel together while we are both physically able. We are truly blessed. By filing at 62, it may eventually cost us a couple of hundred thousand if we live to Age 95 - but missing the opportunity to see the world would have been a tragic loss.
@BryanPAllen
7 ай бұрын
Thanks for your example.
@TG-ke9ve
7 ай бұрын
Yep! Better live life before we die!
@tonymanero5544
7 ай бұрын
At 80, you’ll be using a walker and at 85, in a wheelchair. My FIL died at 79 due to diabetes complications, and my MIL has been in a wheelchair since 86 (she’s 90). If they haven’t done the things they did in their 60’s, they would just see the world via TV. Given the diets, foods, toxic chemicals from everything manufactured, and obesity of Americans, life after 70 is pretty dismal due to poor health even if they are living past 85. Watching 🇺🇸 American cruise ship passengers, I told my wife we cant wait to travel if it means our health will become like those people.
@BarryandKaren
7 ай бұрын
I'm curious how anyone taking SS benefits at 62 in order to travel etc and have more dispoable income while younger and active, deal with medical insurance costs! If one is not on medicare at age 65, then presumably most of us have to use the ACA plans (Obamacare) and that is HORRENDOUSLY expensive if one takes > $76k a year in total household income as then you don;t qualify for the ACA subsidies, which can be and extra $20k-$30k a year in premiums!!!!
@jeremywhite92
6 ай бұрын
I'm in pretty much the same situation. I've earned a lot more than my wife -- she is 7 years older than me. The takeaway for me is that she shouldn't start taking an Benefits until SHE hits 67, or she'll take a penalty for the rest of her life. So she start taking her own benefits at 67, and switch to my spousal benefits sometime after she's 69 (and I will have finally hit 62)
@jwall62
7 ай бұрын
You should make an addition to this question and address how taking it early affects survivor benefits . Good video.
@theladyat50
5 ай бұрын
You get only 70 to 71% if taken early. I was qualified when I turned 60. But a detailed video would be nice.😊
@sethfowers448
8 ай бұрын
You explained this more clearly than anyone. Thanks for being willing to share this info. It’s surprising how difficult it is to find answers to these seemingly common situations.
I've listened to numerous SS spousal benefits discussions and this was by far the best most concise explanation I have heard well done.
@gregrohrer5258
16 күн бұрын
Thanks for making this clear regarding spousal benefits. My local Social Security office did not know the answer to this spousal benefit question.
@mymusicalsons
5 ай бұрын
This was VERY helpful. I am 10 months older than my husband (of 34 years), so I will be able to collect my SS for 10 months before my husband begins collecting. Then, after he collects, I will begin to receive that additional amount of the spousal amount. YAY!
@TheBlackToedOne
7 ай бұрын
Just talked about this earlier this week w/ our financial advisoer: the spouse w/ the lower SS benefit is eligible for up to half of the higher benefit. * NOT up to half of anything over full retirement age (say if higher spouse works until 70, lower spouse can still only claim 1/2 of 67) * Lower spouse can start drawing their benefit early, but cannot file for the adjustment until the higher spouse files because the the actual benefit of the higher spouse is not known until they retire due to the percentage increase based on passage of time after becomng eligible at 62. * THE answer to the question we originally had: if lower spouse starts collecting early and then files for the increase after higher spouse retires, that actual benefit will NOT be a full 50% of what higher spouse draws. It is adjusted via a formula *surprise* to account for all the benefits the lower spouse has already collected between that time and when they themselves first filed. So maybe mid/high 40 percentages range but not the full 50%. You're welcome.😊
@yeahxukee
4 ай бұрын
Do you know the formula of reduction? Is it different from the deduction for early retirement? My dad started collecting at 62 and now he’s 70, and my mom is turning 62 and trying make a decision on retirement. I’m not sure what deduction on spousal benefit my dad will get
@BEAUTYnIQ
3 ай бұрын
@@yeahxukeeyou can call, email, or make an appt at the soc sec office and they will tell you the amounts.. they might nit be exact, but should be pretty close..
@user-js3ee5qv6g
3 ай бұрын
@@yeahxukeeShe can call local SS they will tell her. She just needs his social, DOB
@roberttrimble6361
8 ай бұрын
Thanks for covering this topic, James! I also look forward to learning about spousal survivor benefit in a future segment as my wife is somewhat younger than I, and has not been a high income earner.
@SprintTri57
8 ай бұрын
I googled this and cannot believe how confusing the articles were. This was outstanding!
@davidleong6606
5 ай бұрын
Very helpful! Thx for informing us about the 1/2 of DEAD SPOUSE FULL RETIREMENT BENEFIT. A graphic example would help us visual people! Thx!
@delrobinson1554
21 күн бұрын
My wife is 75 and did not have enough working quarters to receive any SS. I am 80 and receive about $350/month SS since I was a Federal employee but I had enough working quarters as a young man. Can my wife receive 50% of my $350?
@JannyLuits
8 ай бұрын
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
@jsilverback3795
8 ай бұрын
There are many public employees out there that do not contribute to social security and are affected by WEP. It would be good to know how their situations affect spousal benefits. Your vidoes are great James. Thanks.
@Rossy-tf2jh
7 ай бұрын
Agree !!!
@littleeddie133
7 ай бұрын
Yes I am trying to find this out too
@jc2385
7 ай бұрын
Great question. My husband makes more than me, but I will have a bigger SS check. Can he choose to receive a spousal benefit off me?
@laurawoodford1225
7 ай бұрын
Yes my question too
@peters616
29 күн бұрын
It may seem like the distinction between a lower earning spouse getting 1/2 of the higher earner's PIA entirely as an auxiliary benefit vs. as a combination of their own worker benefit plus the difference in auxiliary benefit is meaningless, but there are some cases where it is important. If you have a family member that has a disability and is receiving auxiliary benefits from the higher earner's worker benefits, then you will probably run into the family limit. That limit is based on the primary worker's PIA + the auxiliary benefits for everyone receiving them, so the higher the lower earning spouse's own worker's benefit, the less the total family benefit will be reduced by the limit.
@RJN82
8 ай бұрын
If you don't find spousal benefits confusing, it's probably because you've never heard of them.
@MarilynShealy
7 ай бұрын
After being married for 29 years, I was told he would have to be dead for me to collect, then another person said that mine is higher then his, which makes no sense as I went on disability, many years before. I think that people who work for SS do not always know the laws, I had another situation also, they prorated my comp settlement into my payments, I had to turn in a form, I was even to,do not to lose that paper, because I was suppose to get that difference back when I went onto SS, nothing on that either. I think SS is cutting corners and screwing people over
@user-js3ee5qv6g
3 ай бұрын
@@MarilynShealywhen u go on disability you get the amount you would at your full retirement age.
@FIRE_DrNinjaTurtle
8 ай бұрын
What is the less-earning spouse is younger? My wife is 6 years younger. Can she take her SS at 62 and then at 67 get hers plus some of mine up to 50% of my 67 primary insurance amount
@M22Research
8 ай бұрын
Yes, but both her own benefit and, I believe, her added spousal benefit will be reduced.
@randolphh8005
8 ай бұрын
He answered this, she will have a reduced total. Nothing wiil change for her at 67, since you have to take by 70 when she is 64. Whatever year you decide to take is when she is eligible to take your spousal, and the amount will not go up after she takes, because when she is 62 you are 68. If you wait till 70 then she just can’t get the spousal till she is 64. It probably makes more sense for her to wait till you start your’s, as the small amount she gets may not be worth it for the 2 year spread.
@kenbrusegaard2231
7 ай бұрын
What happens if you spouse's Social Security has been reduced by the Windfall Elimination Provision since she didn't have SS deducted while teaching, but then earned enough credits to qualify for her own benefit.
@SomebodySaid...
8 ай бұрын
I didn't expect to learn anything new, but I did! Thank you!
@williamrogers1219
8 ай бұрын
It is my understanding, that the spousal benefit does increase due to COLAs on the higher earner's PIA between Full Retirement Age and age 70.
@M22Research
8 ай бұрын
True - as with all benefits, after the age 61/62black hole, the COLA applies. But the underlying PIA upon which the benefit is based stops getting delayed benefit credits at age 70.
@randolphh8005
8 ай бұрын
All benefits have the same COLA.
@herretirement
Ай бұрын
Can I take my own SS at 62 and then get a top off of my ex spouse’s benefit (assuming my ex spouse benefit is bigger than mine)?
@wavedave1655
7 ай бұрын
Best explanation of social security I have heard
@jyamanedds2531
6 ай бұрын
Awesome video, Mr. Conole! Very informative and well presented. Thank you. I "think" now, I know the answer, but my situation is similar to one of your examples used. My wife and I are both 66 this year (she will be in September, so 65-6mo now). Her own benefit now is about $1100. I don't plan to collect until probably 70, when my benefit will be $4700. (My full retirement @66-8 yr is $3650). Is there any downside to her collecting now? If she can collect her own 1100 now until I collect at 70, it sounds like she will then get raised up to half my benefit then.
@StuffYouShouldKnow1
13 күн бұрын
Didn't the law change this year in 2024, based on the year you were born?
@billwilliams5889
7 ай бұрын
So once my wife reaches 67 (in 2 years), then she can get 50% of what my full retirement at 66 was (I’m 76 now) -PLUS- her own benefits ?
@penelope5500
7 ай бұрын
No. If she has some SS benefits of her own, she gets them & then the difference to bring her up to 50% of yours.
@LifeandLifeMoreAbundantly
19 күн бұрын
@@penelope5500 is it true that if he took benefits at 62, in total, she would still receive half of his FRA benefit?
@LawrenceWeber-z5o
5 ай бұрын
took my benefits starting at 62, my wife who was 30 and never worked started collecting also
@conniefoxx9813
2 ай бұрын
You can't collect half your spouse's benefit unless half of his/hers is still greater than your own. If spouse gets 3000 and half is 1500, but your own benefit is valued at 2000....you have to take your own. Once your spouse dies you can switch to the spouse's benefit if it is higher.
@faronray5765
7 ай бұрын
If I start collecting my SS benefits at 62, say $2000 and my FRA is 66.6 with a benefit of say $2700, will the COLAs effect any of the calculations if my wife starts drawing her spousal benefit in 5 years when she turns 62?
@JodyFilut
4 ай бұрын
If I take SS at 70, can my husband who earns much less take SS at 67 for his earnings and then switch to spousal benefits at 70?
@nucazajovenson1525
4 ай бұрын
My wife was died at 44 yrs. old in New York USA .She was a teacher for almost 5 yrs.She was died due to her colon cancer. I'm already received a $255 .I'm 60 yrs.old now.I would like to know if im possible to received a survivor spouse benefits.I'm a filipino citizen.Thank you.
@amuxdao1
6 ай бұрын
James, this is a very helpful information. Since you spend so much time making this clip, using a whiteboard or digital text to go along with your content would be nice. It will be much clearer by reading the number and listening to your explanation. Just a friendly suggestion!!!!
@jtmac9084
Ай бұрын
You did not cover the scenario where the spouse collects early at 62 on the husband who also collected early at 62 and had already reached his FRA.
@shep68
Ай бұрын
The formula for this is on the SS website. If the spouse collects at 62 their benefit is also reduced. Instead of 50% they recv. around 30% of the primary's age 67 amount.
@shep68
Ай бұрын
The answer to the original question comes at about the 14 min. mark. Fast answer: spouse collects 50% of the workers age 67 amount (NOT 50% of the age 62 amount he actually took). **But if the non worker collects early they have a reduced benefit also...all based on the age 67 amount of the primary worker. That reduction formula is on the SS website but basically if the non worker collects at age 62, the benefit is roughly 30% of the primary's age 67 amount.
@purplebenisimo
5 ай бұрын
Thanks! Very helpful. I believe there’s another scenario which was not covered in this video. Assume the spouse (with a marginal SS PIA) starts drawing her own (reduced) benefit at 62. Say …$300/month. Can she then, at her FRA age (after the primary earner has filed for his FRA benefit ) file for spousal benefits to supplement the reduced benefit she’s been receiving since age 62, up to the 50% of primary earner’s FRA? Thank you!
@unapologetic7900
7 ай бұрын
Sorry if I missed this. If I (the Worker) collect at 62, and my Wife collects at 62, is her benefit based on my PIA (age 67 amount) or my reduced amount? So would she get 30% of my reduced amount, or 30% of my age 67 amount (PIA)?
@socrates727
7 ай бұрын
It would be helpful if you had some graphs and numbers in spreadsheet to show the tradeoffs
@M22Research
8 ай бұрын
As usual, cleanly presented content.
@BarryandKaren
7 ай бұрын
This is incredibly well presented with truly extremely important and useful facts. About the very best I've seen. Thank you so much for the work and effort in putting this together!
@mikepham9093
5 ай бұрын
My wife is 12 years younger than I am. When I collect my retirement benefit at 62, is my wife eligible to collect her at spousal benefit at 50 year old or she have to wait until she is 62 ????
@tmusa2002
3 ай бұрын
She will wait.
@michaelpicard4176
7 ай бұрын
I think you did a great job in describing several different options for collecting spousal benefit and the restrictions within those options. I am 68, my wife is 69. I've paid in my whole working life, my wife has not. She gets $18 per month after Medicare. I started drawing at 62. We are immediately going to SSA to get the spousal benefit for her. What a difference that will make for us! Thanks!!
@jwall62
6 ай бұрын
Sorry you lost out on at least 2 years of spousal benefit. Hope you are all set now
@susancarrington8091
3 ай бұрын
Why didn't the SS people advice you? Glad you're going now!
@everlastingarms3065
3 ай бұрын
A shame that SS doesn't make it retroactively correct for your wife. You paid into it all those years, she should be entitled to it. Glad you at least got it fixed for the future.
@Blossom1954
4 ай бұрын
Some of the issues you addressed are clearly not correct.
@scotjohnson7017
4 ай бұрын
You keep saying Full Retirement Age. What is that? 67? 65? Something else?
@tmusa2002
3 ай бұрын
That depends on what year you were born. You can Google that to see what it is for you but I know for people born in 1960 and later it is 67.
@305Alligator
6 ай бұрын
What about taking my Spousal benefits before my full retirement age, and how does that affect widow survivor benefits in the future
@Morninglory86
Ай бұрын
I’m understanding you can take spouse anytime but need to wait til the worker takes theirs. Upon worker death you get their exact that they were getting. Do you lose spouse $ if they die?
@Jan-ev8lw
7 ай бұрын
My wife is 72 and retired and started collecting at age 70. I am 68 and still working. Last year Jan 2023 at age 67 I called SS they told me I am eligible for spousal benefits. I asked can I still switch over and collect on my work record at age 70 and they said yes. I am receiving 50% of my wifes benefit at her FRA. Now I am hearing that I was not eligible to collect since I was born in June 1955 as if you were born after Jan 1954 you cannot switch to my own record at 70 accumulating delayed retirement benefits for the extra 2 years. So what is the correct information. Should I withdraw my application so I can continue accumulating delayed retirement benefits?
@buyerclub2
8 ай бұрын
It took you 15 minutes but you finally DID answer Rob;'s and my question. (Did you do that on purpose?) Anyway I also think you covered a lot of other scenarios. so thank you.
@M22Research
8 ай бұрын
He did what excellent retirement content providers do - he first generalized the content to a broader audience… before jumping to the narrow scenario asked.
@randolphh8005
8 ай бұрын
Good explanation! Want to try to tackle spousal benefits with dependents? That is even more confusing.
@aayybb4
7 ай бұрын
Thank you very much. But I wish you have a visual to show us those numbers to help me understand it better.
@cscottriffle
Ай бұрын
Would be wonderful to see a video only on divorce and social security. Thanks.
@mwebb3014
25 күн бұрын
YES!!! I am divorced and remarried. I was a stay at home mom in my first marriage for 20 years so very little contributed to SS in my working years. My current hubby has been on disabilty our entire relationship. First hubby was a big earner in IT.
@wuddayameen
7 ай бұрын
I am the non-working ex-spouse of 2 workers, each of whom I was married to for over 10 years. Can I collect a spousal benefit from each worker? 🤔
@Cruisebetty
7 ай бұрын
Great video
@littleeddie133
7 ай бұрын
I just watched 6 videos all basically explaining the benefit, your the first one to say you get your benefit OR the spousal benefit, watching these other videos leads you to believe you get both
@jdgolf499
6 ай бұрын
Actually, you do get both. If the main earner has a benefit of $3000 at full retirement age, and the lower esrners is $500, the lower earner would get their $500, and in addition, would get another $1000 of spousal benefits. He actually explained this. He actually explained that you could also collect the $500at FRA, and delay collecting the spousal benefit at a later date.
@punishunext5148
3 ай бұрын
You get both if you file for spousal and are eligible. You file on your own record if you can and then file for spousal to get you to 50%
@threeftr3349
Ай бұрын
For some you do get both, but it's one check. If the lower earning spouse has her own benefits, but it's not half of the higher wage earning, she must take hers, then the difference of the 50% comes from the higher wage earner.
I will be 66 this year on December. My question is if I collect Social Security now and I still have two minor children will I get extra benefit from them?
@butterflygirl3359
7 ай бұрын
If you are divorced, you can file as an “independently divorced spouse”. The worker in this case does NOT have to be receiving benefits for you to file.
@1deadhead
7 ай бұрын
I have a good question, I married and divorced the same woman twice, one lasted 7 years and one lasted 3 years. Is she eligible for spousal support ?
@josephmarinucci9073
5 ай бұрын
Thank you for the great question and very clear, thorough answer. Having just started to collect Social Security early at 63, it's comforting to know that my younger wife's spousal benefit will not reduced by my decision to collect early. And, that it will be her decision when to retire that determines whether she collects 50% of the full benefit.
@pregan66
8 ай бұрын
So my benefit is much higher than my spouse and I will be waiting until FRA. If my spouse takes hers early at 62, would she still be eligible for the full spousal benefit when she hits FRA?
@rclose23
8 ай бұрын
He just answered this. If your wife starts collecting at 62, she will get about 35% instead of 50%.
@stevehowe209
8 ай бұрын
Go to 8:55 time mark
@trazking7381
8 ай бұрын
If I heard this right, If we both claim at 62, my spouse can switch over to the spousal benefit at 67 and still receive half of my PIA?
@janethunt4037
7 ай бұрын
James, you are such a good teacher - always crystal clear with this complex stuff. Thank you!
@にこ-i4x6m
7 ай бұрын
I appreciate you explaining this subject very much, but when it comes to numbers, I wish you showed it with visuals. Thanks.
@DavidCarvalho-rz9jk
6 ай бұрын
You got it right! Good job James. Can't tell you how many Financial Planners think the spousal benefits are reduced if the primary wage earner files early. (prior to FRA) I'm a retired Social Security Claims Specialist now working as a Benefit Advisor.
@markday3145
6 ай бұрын
That’s what I thought, too, based on reading articles and watching videos. Thank you for confirming James’s information.
@deecee901
6 ай бұрын
Hi. Maybe you will see this. Better yet respond. I am 66 3 mis old. Just got 1st SS check on survivors benes. ( mine is higher) so my projected SS. Went down quite a bit from estimates I recd prior to taking his SS. I feel this has to be a mistake. I took screen shot of my est. Ss. She quoted me 900 less if I took mine at FRA? I know its an estimate this lkes no sense. Last years earnings havent posted yet.
@retiredfederalie178
5 ай бұрын
Kinda wish he would have just answered the question the guy asked instead of covering half a dozen other scenarios first. Just muddied up the situation.
@normt430
5 ай бұрын
And added a widow scenario for planning purposes.
@BEAUTYnIQ
3 ай бұрын
he did. 13:50 but soc sec is convoluted and has many caveats, so if you listen, it covers much information for you. you can also skip to 15:40 but thats not a cut and dry answer for everyone.. so.. listening to 18 mins for something that can affect you for decades, (and make the difference between hundreds of Thousand$ of dollars) shouldn't be such a huge inconvenience.. right? this kid is one of the best lv heard so far.. betterm than the hat lady and better than the "l worked at the biggest soc sec office" bald guy.. but then, that's just me.. gl.
@notgivingmyemail3381
Ай бұрын
@@BEAUTYnIQyou didn’t understand the original comment.
@amyjohnson7604
16 күн бұрын
My SS benefit (at 67) is almost exactly what half of my husband's will be when he reaches full retirement (67). I am 10 months older than he is. I know I can start taking MY ss at age 67 then apply for the difference (if his half is higher). However, my question is can I claim my own benefit at 62 (reduced), then claim the difference in my husband's 50% benefit when he begins to claim it at 67? I'm guessing no. 😁
@Lynnettefromconnecticut
Ай бұрын
I hear everyone talking about spouses benifits when thier spouse is still alive my husband died in 2021 I never knew there was widows benefits till 4 yrs ago. I haven’t filed taxes because I didn’t make enough now today I got irs papers for me to file for 2023. I have no help with any of this stuff. How long do I get the widows and can I get SS from him between 62-67. Of age. I haven’t worked my whole life. Becsuse I have a lot of mental Issue that prevented me from working but I’ve applied but they say I didn’t work enough to get disability. But that’s not fair when he died I had no money for me and my 3 kids no one told me to get survivors can they give me more???? And now I have to pay taxes????? I’m so confused. Can I get his money from 62-67. What should I do??? Thank u 😊 2:37
@ivettesantana4319
7 ай бұрын
i need a chart a table something. this is so confusing!
@mwebb3014
25 күн бұрын
I was a stay at home mom of three who got divorced on my 25th wedding anniversary. I remarried two years later. Am I eligible to collect on my first husband’s SS benefits? My last full time job ended in 1996 so my SS check will be tiny. I am currently 60.
@jebhorton1830
8 ай бұрын
The case that nobody seems to cover is the one folks are asking about: What happens if the Spouse files on their own record BEFORE the Worker files on theirs? My understanding is that the Spouses OWN benefit will be reduced, but the Spousal portion will NOT, as long as the Spouse is at FRA when the Spousal portion is added. Example: Spouse PIA is 600 and Worker PIA is 2000. Full Spousal benefit would be 400. If Spouse files for both at FRA (67), Spouse's TOTAL benefit would be 1000 (600 + 400) If Spouse files for own at 62 and Spousal at FRA, Spouse's TOTAL benefit would be 850 (450 + 400) if Spouse files for both at 62, Spouse's TOTAL benefit would be 750 (450 + 300) (Would love for James to confirm this!) My question is around Deemed Filing rules. If Spouse files early, but Worker then files before Spouse's FRA, is Spouse immediately Deemed Filing, so they would receive a reduced Spousal benefit? Or could they continue on their own record until FRA, and then add the full Spousal portion?
@AlanMcYou
7 ай бұрын
Yep, your example is exactly the scenario that I'm trying to figure out. Specifically the middle line Total calculation. It would depend on how the spousal benefit is calculated at the spouses FRA. Is it still $400, or is it calculated to achieve the full $1000?
@dirtwhisperer658
7 ай бұрын
Exxxaaactly. We are in that situation and I have yet to be able to calculate what my wife will receive. I think I got it close using numbers similar to what you described. My wife started collecting at age 62 as she was no longer working. She is 3 years older than me and I am still working. Her monthly payment is only $485 because she didn't work all that much. My benefit will be considerably more even at age 62 but I plan on going to age 65 which will put my benefit around $2800. I understand that is below my full retirement amount. As near as I can tell her benefit will be reduced 34% below half of my benefit. Does this sound correct to you? I have looked everywhere and even ordered a book on Amazon and still don't have the number figured out. Good post!
@bethh4271
Ай бұрын
Not sure you answered this nuance. If the ex-spouse takes their SS at age 70, am I’m 5 yrs younger. can I take spousal benefits starting at 67 when I retire and wait to take my higher SS amt at age 70. For example let’s say his amt is $2k a month. Am I able to file for spousal benefits of $1k a month and take that for 3 years then take my own (which will be much higher) at age 70 -maxing my benefit
@everlastingarms3065
3 ай бұрын
Could you please do this for survivor benefits? Thanks!! Also confused about one thing: If spouse takes their *own* benefit at 62, then switches to spousal benefit at 67, is the spousal benefit still reduced or does the spouse get the full spousal benefit (half of the worker's age 67 benefit)? I've seen & read conflicting answers to this. Thanks!
@neilgalang106
8 күн бұрын
Very helpful!!! I think it would be much more effective if whiteboard is used to illustrate the figures as you discuss the calculations and options. I find it much more effective taking notes as you talk instead of just directly watching you.
@lisagibson6618
3 ай бұрын
My ex- husband is 3 years older than myself, almost to the day. Both have full retirement at 67. My meager worker benefits will be less than half of his full benefits. Must I wait for half of his, if he delays collecting until 70 ?
@6axlepwr
2 ай бұрын
What if I am a US citizen and my wife is not a US citizen. Is she still eligible for spousal benefits?
@rayd.2716
3 ай бұрын
Question from a married couple in Europe: Are payments from foreign retirement schemes relevant when determining the spouses retirement income? In our case my husband is entitled to payments from US Social Security. I myself as spouse however have only ever worked outside of the USA and are entitled to payments from these systems. Relevant or not from a SSA perspective?
@mr-vet
7 ай бұрын
I’m so glad that I stayed in the military for 25 years. My pension is was about $55K last year-and the annual COLA is tied to the social security increase. I also receive, non-taxable, 100% disability from the veterans administration -which is almost as much as my military pension. In a few years, my wife will retire from her federal govt career with close to 30 years of service. Her pension will be more than what I receive from my military retirement….plus, by that time, she’ll have a half million dollars in her 401K-like government investment account. Then, down the road, we can start drawing social security-
@LifeandLifeMoreAbundantly
19 күн бұрын
Thank you for your service🙏 so glad President Trump made it that Veterans can go to any medical facility they chose. ❤️🇺🇸
@pilarvillanueva8768
Ай бұрын
Is my spouse eligible for 50% of my PIA if he gets permanent disability check?
@luzguerrero1530
Ай бұрын
Can I receive spousal benefits without collecting my own benefits?
@leocastelo6311
3 ай бұрын
When you and your spouse are both on full retirement age. Can you claim spousal benefit now at age 67 then claim your own benefit at age 70? Will you get the step up benefit for waiting to claim your own benefit at age 70?
@sherrywojack4026
Ай бұрын
Can my spouse draw from my benefits at 64 and change to his benefits at 67? Thank you.
@stephaniesteinert8961
8 ай бұрын
Very clearly addressed. I will tune in for more. Good job!
@johnjkalicki4712
8 ай бұрын
Great Information video. Can you do a video on survivor benefits which were mentioned in the video.
@Mike-dy8bq
7 ай бұрын
Did I miss it, or did you state whether the wife could receive half of the workers reduced benefit if they both start collecting at 62?
@sherylnewman636
5 ай бұрын
What if the worker is collecting and the spouse is still working? Can the spouse start collecting on the worker and still work.
@kcsnew
2 ай бұрын
Hi James, if the spouse too would like to collect her at 62, how much she would be collecting if you take same Rob example to make it easy ?
@roto6500
4 ай бұрын
Can the low earning spouse start collecting half of the workers PIA at 62, where 62 is the age of the low earner spouse
@rnordquest
8 ай бұрын
I’m going to work until I die plus another 4 weeks. Someone has to pay for the funeral right? My wife’s identity was stolen 3 weeks ago. The guy who took it is spending less so I think I’ll just let it ride. But thanks for answering my questions. It was a very clear presentation.
@williamslocum7748
8 ай бұрын
😂
@melanienormand9390
4 ай бұрын
My husband is collecting ss at fra but I am not fra yet, how much less would I get collecting earlier?
@gayladawn4329
5 ай бұрын
Very thorough explanation, thank you.
@lcarter7567
3 ай бұрын
What options are there since my mom’s husband just divorced her? He just retired from his job but she received no money in the divorce settlement?
@darrinrentruc6614
6 ай бұрын
Next time just answer the question first instead of dragging people along
@d0nt-rump202
5 ай бұрын
actually, FUQ U for having the information and no sharing it.
@user-js3ee5qv6g
3 ай бұрын
So a divorced women needs to wait till her full retirement age in order to collect on her husbands SS down the road? If she retires a few months earlier and gets her own, can she collect on her husbands later?
@adrianmoon2572
8 ай бұрын
So what about the opposite situation? My father is 70 and applied for social security. My mother is 65. If she applies for spousal benefits now is she getting a reduced benefit as opposed to if she waits until she turns 67?
@liorap5636
7 ай бұрын
I think it is reduced if she takes before FRA. But a child at home who is disabled or a teenager can also qualify for his benefits, making it worthwhile.
@yanmcrae6106
7 ай бұрын
great information, presented very well. Thanks
@user-dm5mr1dp3h
Ай бұрын
If me and my X pay into SS at about the same rate does it wash out for each other or will either person be entitled to 50% of the other.
@BillyT531
7 ай бұрын
Good video, but make sure everyone caught that it is 50% ONLY up to the spouse's full retirement age. I wisely waited until age 70 to collect, but if I ever remarried, my future spouse would ONLY receive 50% of my full retirement age amount at age 66. Unfortunately, she would not benefit from the 32% bonus gain by waiting.
@wuddayameen
7 ай бұрын
Hmmm, if you married a 20 year old I don't think they are eligible to receive spousal benefits until age 62. Similarly, I don't think they are eligible to receive survivor benefits until age 60.🤔
@BillyT531
7 ай бұрын
@@wuddayameen Stupid comment. You completely missed the point.
@Potatoyam
6 ай бұрын
I am 62 and my husband is 63. Warning: This is complicated! I have minimum benefits as I primarily stayed at home. Our adopted son is 12. My husband did not pay into SS for 20 years (policeman hired at 19) We receive a monthly pension from that. He has since paid into SS for 24 years after that. We are wondering how to determine the best ages to retire considering the SS child benefit (until our son turns 18) and whether trying to apply for that or qualify for another police pension is even beneficial. Who can help us with all these details?
@leojuarez4690
3 ай бұрын
15 min in and you still Have not answered the question!
@bwayne4656
4 ай бұрын
What if the worker and the spouse both start to collect at 62?
@510bayareaprincess
Ай бұрын
How would you know when to file if you have no contact with your ex?
@AR15DCM
5 ай бұрын
How about this scenario?... I am recently divorced, 60 yrs old, disabled, and receive SSDI. My X (higher income) is 53. I am basically going to have to wait a minimum of 9 years before I can collect? (assuming she collects at 62). Because of my disability, are there any exceptions to receive an increase just so I can live month to month?
@everydayadam1
7 ай бұрын
New subscriber here. I would love to hear your thoughts on this scenario: high income earner files at 65 so that low income earner can file spousal benefits, then high income earner continues working where they would essentially lose all benefits in penalty. Would lower-income earner spouse STILL get to receive the spousal benefits based on what the high income earner’s benefits are before penalties? And, isn’t there some sort of recoup of those losses after fully retiring?
@dnhman
8 ай бұрын
clear as mud, is any of this on a simple chart?
@randolphh8005
8 ай бұрын
Nope
@jebhorton1830
8 ай бұрын
No, but is IS on a bunch of different pages on the SSA website, which all give partial, conflicting, confusing, and misleading answers.
@geebeeinga
7 ай бұрын
@@jebhorton1830in other words, a typical government response…😮
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