Ep 16: Social Security Benefits for Spouses – What to Know

One question that comes up a lot from our clients that are in their 60s and starting to ponder Social Security is what benefits are available to spouses?

Today we’ll break it all down for you and explain everything you need to know about spousal benefits. You might be able to claim a benefit of up to 50% without cutting into your spouse’s amount, and this could still hold true if you’ve gone through a divorce. Join us to hear the specifics on how it all works.

Here’s some of what you will learn in this episode:

• What you need to be qualified for these spousal benefits.  (3:59)
• Your spouse needs to be collecting their benefit for you to receive yours. (6:07)
• Does this change if you’re divorced?  (10:22)
• The scenario where you could claim Social Security benefits if a spouse passes away before retirement age. (12:22)
• A quick recap of everything you need to know. (13:58)

Additional Resources:

https://www.forbes.com/advisor/retirement/social-security-spousal-benefits/

https://www.ssa.gov/planners/retire/applying6.html

https://www.ssa.gov/planners/retire/retirechart.html

WAYS TO CONNECT:

Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg

Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.

If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.