Death is already a very painful thing but the most pathetic thing is to leave your spouse behind and if your spouse doesn’t work then the life would give her great lessons and she would have to struggle for that survival. Being a husband you might not want that and even after death, you may want to provide your wife with as much comfort or support as possible.
Spousal Social Security can help you out in this process and this would give some economical support to your wife or spouse so that she can survive.
If you want to get started with these spousal benefits then you should do brief research before getting started with this. If you are not sure about this facility, there here is everything that you need to know about social security Spousal Benefits so that your partner could enjoy the facility even after your death:
Know Whether You Are Eligible For This Facility or Not
If you are someone who got married to someone and could not last in the marriage for much time then this facility is not for you as well as, for your partner. Both husband and wife can enjoy this facility so both have to be eligible for the same and if any one of the couples would fail the eligibility criteria then both have to suffer from this.
If anyone of the couple would marry in the age that is less than 60 then that person or couple would not be able to enjoy the spousal benefits. Even if you got separated after 10 years then also you have to stay single and should not consider marrying if you want to enjoy the benefits of this service.
You cannot claim for the benefits of your age is not more than 62 and both husband as well as, the wife has to file the claim if both are alive otherwise no one would be able to get the benefit of the same. Rules are different in case of death of the wife or husband and you should go through these rules and understand about it first before applying for this benefit.
In case you are separated from your spouse then your spouse doesn’t have to file for the benefit at first and you can claim it if your ex-wife or husband is aged more than 62 years. In any case, the amount seems to be the same and the benefits would be the same as well but you would have to sure about the rules in different cases.
If you would not be aware of the rules in different cases then it can be tough for you to claim the benefit at the correct time so you should go through each rule of this service so that things can go smoothly at the time of claim.
How much Amount You Would be Able to Get?
This has to be the main question that most people wonder about but this depends upon person to person or you can say that sometimes it also depends upon the situation. Here you can claim this benefit depending upon how much you earn and at the same time, you can also get the half of the amount that would get calculated after the retirement of your spouse and in both the cases the amount can differ a little bit.
Many times it happens that due to some reasons, the said amount gets decreased a little bit and in some situations, it can even increase a bit and both depend upon the calculation and situation. The calculation happens depending upon the full retirement age of your spouse and for that, you or your spouse doesn’t have to retire or stop working.
There are websites for the social security Spousal Benefits that you can check out and there you would be able to know about the exact calculation of the money that you can get. You can choose either the benefits of your earning or the benefits of your partner’s earning and most of the time people go for partner’s earning if the partner is the only employed person in the home.
In many cases, you can even enjoy your own earning’s a benefit as well as, your spouse earning’s benefit and for that, you have to follow certain rules.
How Retirement Affects The Benefit
Now if you would claim for the benefit before you reach your retirement age then the amount would reduce and there is no other way to deal with the same. In this case, you would have to keep on earning even after taking some social security spousal benefits so that you can at least get back some amount.
The safest thing here is to reach the age of retirement and then receive the social security spousal benefit and then you can even continue to earn as desired and in this case, you would not have to face any kind of reduction from the overall amount which is a great thing for sure.
Now if you are still married with your spouse then you would be able to get more amounts as compared with the one who got separated with his/her spouse after 10 years of marriage. This amount would reduce even in case you became a widow or a widower.
These were everything that you need to know about Social Security Spousal Benefits but you should always do your part of research before investing in such things as rules keep on changing in these kinds of things. To know more about business and finance visit FinanceShed.