If you are not a professional in the field of Social Security, chances are good you are leaving money on the table when it comes to your benefits. Most people who plan for their retirement consider health and wealth to be the two topics of concern. Wills and Living Wills are important issues to address in order to assure the golden years are indeed golden, but there is something that many, maybe even yourself, are completely clueless about and that is Social Security spousal benefits.
What Is the Social Security Spousal Benefit?
Social Security spousal benefits are available for a number of different scenarios. For one, if your spouse files for retirement, you may be eligible for a benefit as well, based upon your spouse’s earnings and age. He or she must be 62 or have a dependent, qualifying child in his or her care. The child must receive Social Security benefits and be under the age of 16. Of course the same may be true in the reverse with your spouse being eligible for some of your benefits.
What’s in Store with a Social Security Spousal Benefit?
Depending on the circumstances and the worker’s age at retirement, the spousal benefit
may be up to half of the primary insurance amount. Unless the spouse of the worker is of
full retirement age or cares for a qualifying child, the amount of the spousal benefit will be
reduced. Here’s another tricky fact, if you are eligible for your own retirement benefit and it is greater than the sum of what your spousal benefit would be, you will be paid your own retirement benefit. Of course, the same is true when the tables are turned and it is your spouse receiving the benefits in question.
Little Known Facts about Social Security Benefits
When it comes to Social Security benefits, there are some unexpected twists that many do
not know about. If you assume you will automatically be signed up for things you qualify
for or be notified that you are eligible, think again. This is where you need the assistance of seasoned Social Security professionals like the team at Moses Elder Law who will make sure you aren’t walking away leaving money on the table. Here are just a few of the benefits we can help you acquire:
● Even if you have never worked under Social Security, you very well may be eligible
for your spouse’s benefits if your spouse is receiving disability or retirement benefits
and you are 62 years of age or over.
● In the event that you are divorced, you may be able to still collect your ex-spouse’s
● If you are caring for your spouse’s qualifying child, you can receive his or her
benefits no matter your age.
How Do I Secure a Social Security Spousal Benefit?
Receiving Social Security benefits of any kind requires applying for them. It is imperative to fill out the form with accuracy and with at least a basic knowledge and understanding of
what the application entails. At Moses Elder Law, we specialize in the area of Social
Security and will help you get it right the first time so you can begin collecting what is
rightfully yours. Call today for a free consultation or fill out our convenient contact form and one of our
helpful team members will get back with you in a timely manner.