Reported about 1 year ago
Married couples tend to have higher retirement expenses but can benefit from receiving two monthly Social Security checks if at least one partner worked enough to qualify. The average monthly retirement benefit in May 2024 is $1,917 per spouse, totaling about $3,834 per month or $46,000 annually for a couple. Couples where only one partner worked can still claim a spousal benefit, amounting to around $2,828 per month or just under $34,000 annually. Understanding Social Security benefits is crucial for effective retirement planning, including considering factors like claiming age and spousal benefits.
Source: YAHOO