Spousal Social Security: 7 Key Things to Know
When one spouse earns significantly less than the other, the lower-earning spouse may be eligible for spousal Social Security benefits. However, before you decide it's time to make a claim, here are seven key things you should know. Image source: Getty Images. Let's say you're married to someone who has earned more throughout their career than you have. Even if you never worked outside the home, you may still receive benefits based on your spouse's earnings history. At full retirement age (FRA) -- 67 for anyone born in 1960 or later -- your benefit can equal up to 50% of your spouse's FRA benefit. For example, if your spouse's Primary Insurance Amount (PIA) is $3,000 per month, you can receive $1,500 per month. Continue reading