Real world road rules dating
Poverty among elderly widows is a real problem in America, so making smart decisions about your benefits can help keep your surviving spouse out of poverty after you're gone.The spouse's benefit is payable even if your spouse never worked or only worked sporadically.However, your spouse can only start the spouse's benefit after you start your own benefit.There's an important exception called "file and suspend," but it only applies after you attain your FRA.It is not based on when you start receiving your own Social Security benefits.Note that your spouse needs to wait until he or she reaches age 62 to start benefits.In this instance, you can file for your own benefits and then immediately suspend them.That allows your spouse to start the spouse's benefit, while your benefit earns delayed retirement credits. First, the Social Security income for the deceased person stops.
Some age-old classic approaches include: Let me start by saying that I in no way consider myself qualified to be the adult in charge of guiding this amazing little girl through life but it’s just Charlie and me so it’s 100 percent up to me ('us as a team', as I always tell Charlie).
If you're part of a gay married couple, Social Security treats you and your partner as two unrelated single people for the purposes of determining Social Security income.
Therefore, your household income will be the sum of each of your Social Security incomes, as described in my previous post.
Here's another rule that opens the door for an interesting strategy: Once you've attained your FRA, you can file to receive the spouse's benefit but delay taking the benefit based on your own earnings.
When you eventually file for the benefit based on your own earnings, you'll receive the delayed retirement credit.
I am however probably overqualified, after a lifetime of working as a bouncer, lifting weights, and boxing, to take on the role of the classic and outdated 'Overprotective, Scary Dad'.