Reported about 11 hours ago
A significant portion of older Americans rely on Social Security for their income, making it crucial to know how to maximize these benefits. Full retirement age is 67, but claiming benefits earlier results in reduced monthly payments, whereas delaying can lead to larger checks. The filing status—whether married, divorced, or widowed—affects benefit eligibility and strategies. Married individuals can claim spousal benefits, divorced individuals may still access benefits based on an ex-spouse's record if the marriage lasted at least 10 years, and widows/widowers have survivor benefits that can be strategically claimed alongside personal retirement benefits.
Source: YAHOO