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Social Security Strategies for Married Couples
Finding an optimum Social Security claiming strategy is hard enough for a single person, but even more difficult for a married couple. Married partners are well advised to coordinate their individual claiming so as to maximize their benefits as a couple, not an easy task considering that each will have different personal SS benefits and one spouse may – or many not – be eligible for additional benefits from the other. And not to be lost in the planning, a lower earning spouse’s benefit as a survivor will be based upon the amount their spouse was receiving at death, so the age at which the higher earning spouse claims also affects benefits for their widow(er). Developing a Social Security claiming strategy as a couple is arduous, but this Motley Fool article by Christy Bieber reveals three factors which are important to that task. Click here to read more.
Also, if you’re unsure about your situation under Social Security as a married couple or have questions about your personal benefit entitlements, note that the AMAC Foundation provides an independent free-to-the-public Social Security Advisory service to help Americans navigate the complexities of this program. Learn more about it here…