Thursday, December 26, 2024

Retirement: 4 things all retired couples should know about spousal benefits

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Retirement

Thu Dec 26 2024

4 things all retired couples should know about spousal benefits

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If you wait to claim spousal benefits until your full retirement age, you can receive up to half the amount of your spouse's benefit.

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WASHINGTON, DC - OCTOBER 14: In this photo illustration, a Social Security card sits alongside checks from the U.S. Treasury on October 14, 2021 in Washington, DC. The Social Security Administration announced recipients will receive an annual cost of living adjustment of 5.9%, the largest increase since 1982. The larger increase is aimed at helping to offset rising inflation. (Photo illustration by Kevin Dietsch/Getty Images)

What is the average Social Security check for seniors at various ages?

Here's a look at the average Social Security benefit for seniors based on age and gender

Smiling person looking out window.

The average 62-year-old gets this much in Social Security benefits per month

Here's how much the average 62-year-old American gets in Social Security benefits.

President Joe Biden announces a new student loan forgiveness program on April 8, 2024, in Madison, Wis.

I'm 60 and still paying student loans. Biden, help debtors like me.

Relieving our elders of the burden of student loan debt prior to death makes much more sense than discharging them at our funerals.

Couple looking at a document together in their living room.

This Social Security flaw will cost retirees $120 on average in 2025

The Social Security Administration issues COLAs in most years to help Social Security benefits keep up with inflation.

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