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How Social Security Benefits Work When Only One Spouse Works.


How Social Security Benefits Work When Only One Spouse Works. #finance#retirement#socialsecurity#income#inflation DISCLAIMER   The contents, featured in the videos on this channel are provided only for entertainment and informational purposes only, the information provided in any video herein does not claim or establish any professional advice and, therefore shall not be trusted upon as such. SallyInformation does not accept any accountability for any financial loss, or damage whatsoever that may result from viewing the videos or using it as financial or any other professional advice.    The views, information, or opinions expressed through any comments or testimonies do not necessarily represent those of SallyInformation or any of its creators, authors, directors, owners, partners, staff, employees, or affiliates. All contents provided in the videos are for entertainment and informational purposes only.    SallyInformation makes no representations as to the truthfulness, accuracy, or completeness of any information in the videos provided on this channel. SallyInformation its creators, authors, publishers, directors, owners, partners, staff, employees, or affiliates will not be liable for any information shared, losses, injuries, or damages of whatever nature whether it is direct indirect, or consequential to anyone.   As a viewer and audience, you acknowledge and agree that any information, and advice, provided on the channel through the videos are, solely for entertainment and informational purpose only. Anything shared should not be considered as any professional advice. Furthermore any information provided herein should not be taken as a final solution or professional advice, the viewer and audience must satisfy themselves with the accuracy and genuineness of the information shared.    SallyInformation may link you to other websites or apps through advertisements that may provide diversified services. SallyInformation will not be liable for any use or purchases made through other websites or apps. The concerned website or app terms and conditions will supersede while using them.   SallyInformation eliminates all legal responsibility for damages or loss directly or indirectly resulting from viewing the videos on the channel to the fullest extent sanctioned by the applicable law. Please make use of sound judgment and common sense when relying on any information provided. The information provided is based upon the Author's publisher's knowledge and research. You should conduct your own research and confirm the suitability of investments with yourself, merely providing any information through the videos are no guarantee of any particular outcome or result of any kind.   All copyright and other intellectual property rights and their contents, including without limitation all videos, audios, images, and graphics contained (collectively, the "contents") are of SallyInformation.   To the maximum extent permitted by law, and all related content, and information are provided on an "As Is" and "as available" basis, without any representation or warranty of any kind, express or implied, or any guarantee or assurance. SallyInformation does not warrant that the information, content, materials, are free of malicious intent. You expressly agree that your use of any information in the videos is at your sole risk....(read more)



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When only one spouse works, the couple may be able to take advantage of Social Security benefits. This can be a great way to ensure financial security in retirement, but it is important to understand how these benefits work and how to maximize them. When one spouse works and the other does not, Social Security benefits are based on the working spouse’s earnings record. The non-working spouse is not eligible for Social Security benefits based on their own earnings record. However, the non-working spouse may be eligible for spousal benefits. Spousal benefits are based on the working spouse’s Social Security earnings record. The non-working spouse is eligible for up to 50% of the working spouse’s Social Security benefit. The non-working spouse must be at least 62 years old to qualify for spousal benefits. In addition, the non-working spouse may be eligible for survivor benefits. If the working spouse dies, the non-working spouse may be eligible for up to 100% of the working spouse’s Social Security benefit. The non-working spouse must be at least 60 years old to receive survivor benefits. It is important to note that spousal and survivor benefits are not available until the working spouse begins collecting Social Security benefits. This means that the non-working spouse cannot begin collecting spousal or survivor benefits until the working spouse begins collecting their own benefits. It is also important to note that spousal and survivor benefits do not increase if the working spouse delays collecting Social Security benefits. This means that if the working spouse delays collecting benefits until age 70, the non-working spouse will not receive a higher spousal or survivor benefit. Finally, it is important to remember that spousal and survivor benefits are subject to income taxation. The non-working spouse may need to pay taxes on any spousal or survivor benefits they receive. When only one spouse works, Social Security benefits can be a great way to ensure financial security in retirement. However, it is important to understand how these benefits work and how to maximize them. By understanding the rules and regulations surrounding Social Security benefits, couples can ensure they are getting the most out of their Social Security benefits. https://inflationprotection.org/how-social-security-benefits-work-when-only-one-spouse-works/?feed_id=73851&_unique_id=63fad698e877d #Inflation #Retirement #GoldIRA #Wealth #Investing #financeinvestmentretirementfiremovementsocialsecurity #SpousalIRA #financeinvestmentretirementfiremovementsocialsecurity

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