Understanding Spousal (and Ex-Spousal) Social Security Benefits (Ep. 24)
Are you leaving Social Security benefits on the table? Let’s take a moment and talk about spousal and ex-spousal benefits.
Today on the Simply Retirement Podcast, Eric Blake delves into what women need to know about maximizing their Social Security benefits, specifically spousal and ex-spousal benefits. He clarifies the eligibility criteria, benefit calculation, timing strategies, and the impact of working on social security benefits. Eric emphasizes the importance of understanding the rules around social security benefits to maximize your financial security during retirement.
Here’s what you can expect to learn about:
- How spousal and ex-spousal benefits are calculated
- The eligibility criteria for spousal and ex-spousal benefits based on marriage duration
- What the earnings test is and the implications of working while receiving benefits
- How provisional income affects the taxable portion of your social security benefits
- Deciding between taking Social Security benefits before and after full retirement age
- Tax implications associated with Social Security benefits and the importance of accurate planning
- And more!
Resources:
- Ask a Question
- Get Your Own Simply Retirement Roadmap
- Sign up for the Simply Retirement Newsletter
- Top 5 Things Every Woman Should Know About Social Security (Ep. 14)
- Social Security Quick Reference Guide for 2024
- SSA.gov
Connect with Eric Blake:
- Blake Wealth Management
- Eric Blake, CFP® Facebook
- Eric Blake, CFP® Instagram
- Eric Blake, CFP® LinkedIn
- Blake Wealth Management LinkedIn
- Blake Wealth Management Facebook
- YouTube
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