I retired at 60 and began receiving SS benefits at 62. The SS my wife would be able to draw on her own earnings are less than half of what I would have received at my full retirement age. So, if my wife waits until her full retirement age (66) am I correct in assuming that she will receive ½ of what I would have received at full retirement? And if I precede her in death she would then receive 100% of what I would have received at full retirement?
2007-07-01 10:46:15 · 5 answers · asked by EZ 1 in Business & Finance ➔ Taxes ➔ United States
A spouses' benefits at full retirement age are 1/2 of the other spouses full benefits, not the reduced benefits received due to taking benefits prior to the full retirement age. Of course, if your wife qualifies for a higher benefit on her own wage record, then she will get that higher benefit.
2007-07-01 13:11:41 · answer #1 · answered by skipper 7 · 0⤊ 0⤋
Yes, per ssa.gov, looks like your understanding is correct. The fact that YOU collected early doesn' affect her benefits, even if she's collecting on your earnings - her benefits are only reduced if SHE starts collecting earlier than her full retirement age.
2007-07-01 10:57:05 · answer #2 · answered by Judy 7 · 0⤊ 1⤋
If divorced can you draw exhusband's benefit if married for a long period of time if the husband retires early?
2015-03-11 13:23:35 · answer #3 · answered by Joan 1 · 0⤊ 0⤋
contact the local SS office or visit their web site. It's best to go right to the source for these anwers
2007-07-01 10:52:39 · answer #4 · answered by Deb B 2 · 1⤊ 0⤋
how long do you have to be married to get spousal benifit
2016-05-26 06:54:35 · answer #5 · answered by George 1 · 0⤊ 0⤋