Reported 8 months ago
To maximize retirement income, understanding Social Security spousal benefits is key. Lower-earning spouses can receive up to 50% of their higher-earning spouse's benefit at full retirement age. Qualifications involve age, marital status, and specific life events. Working with a financial advisor for personalized strategies is recommended. Calculations consider factors like full retirement age, claiming benefits early or late, and impact on other retirement benefits or for widows/widowers. Divorced spouses can also claim benefits under conditions, including marriage duration and age requirements.
Source: YAHOO