Are you worried that your spouse, who had not been under Social Security, may not have much financial security when the time comes that they reach the retirement age?
Well, to allay your worries, according to the Social Security Administration (SSA), even if your spouse did not work under the Social Security, he or she may still collect benefits, at the earliest opportunity once he or she reached 62 years old.
However, if your spouse availed of his / her benefits early, a permanent reduction to the amount he/she may receive would be done. The reduction will be based on the percentage of the number of months until his or her full retirement age.
Here are the other benefits that your spouse may receive:
0 At the age of 65, qualify for Medicare on account to your record.
0 If he or she receives spouse benefits upon reaching full retirement age, he or she can receive an amount that is equal to half of your full retirement’s amount. However, any delayed retirement credits that you may receive would not be included in your spouse’s benefits.
0 Without regard to his or her age, your spouse may already receive the full half of your benefit amount if he or […]

Full Article At: KnowHow-Now.com Articles

Bookmark to: