Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "spouse's Social Security"


2 mentions found


red_moon_riseThe rules around claiming Social Security benefits are full of caveats and nuances. "Your ex is worth twice as much dead than alive," said Mary Beth Franklin, a certified financial planner and Social Security expert. The calculus assumes the first spouse to die had a larger Social Security retirement benefit than the survivor. Social Security rules for married, divorced spousesThe federal government determines Social Security benefits based on age and earnings history. Claiming benefits based on an ex-spouse's earnings record doesn't affect or reduce that former spouse's benefits, Colley said.
Persons: Mary Beth Franklin, Natalie Colley, Sandy, she'd, , Franklin, Colley Organizations: Social, Social Security, Women, Francis Financial, Social Security Administration, spouse's Social Security, spouse's, SSA Locations: West Palm Beach , Florida, New York
Generally, if I am in a same-sex marriage, there are different eligibility requirements when it comes to Social Security retirement benefits. The money that comes out of my paycheck for Social Security goes into a specific account for me and remains there, earning interest, until I begin to receive Social Security benefits. If I get divorced, I might be able to collect Social Security benefits based on my ex-spouse's Social Security earnings history. If I file for retirement benefits and have dependent children age 18 or younger, they also may qualify for Social Security benefits. Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account.
Persons: Rupp, David Freitag, you've, Freitag, " Freitag, You've, that's Organizations: Social Security, spouse's, Social, Getty, Security Locations: U.S
Total: 2