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Liz Weston: My spouse will get a bigger Social Security verify. Why don’t I get the identical quantity?

Share this…FacebookPinterestTwitterLinkedin Pricey Liz: I’m 82 and obtain $786 from Social Security. My spouse is 75 and receives $1,400 from Social…

By Staff , in Social Security , at September 19, 2021



Pricey Liz: I’m 82 and obtain $786 from Social Security. My spouse is 75 and receives $1,400 from Social Security.

I imagine you stated {that a} decrease beneficiary might get the identical quantity as the upper beneficiary. After I contacted Social Security, I used to be knowledgeable that my profit wanted to be lower than half of my partner’s with the intention to qualify. After I requested him the place within the rules I might discover that data, he abruptly hung up. Was he proper?

Reply: Sure. The one time you’ll get the identical quantity as your spouse is that if she died, and at that time you’ll get solely the survivor profit (one verify for $1,400, as a substitute of the 2 checks totaling $2,186 you obtain now as a pair).

Survivor advantages are totally different from spousal advantages. Spousal advantages are what you would possibly obtain whereas your spouse is alive. Spousal advantages could be as a lot as 50% of the upper earner’s “major insurance coverage quantity,” or what she was entitled to at her full retirement age. In case your retirement profit is bigger than that spousal profit quantity, you’ll get your individual profit slightly than the spousal profit.

The Social Security website has loads of data on how advantages work in addition to calculators that can assist you estimate your advantages. You can begin by studying its publication titled “Retirement Advantages” at www.ssa.gov/pubs/EN-05-10035.pdf

Liz Weston, Licensed Monetary Planner, is a private finance columnist for NerdWallet. Questions could also be despatched to her at 3940 Laurel Canyon, No. 238, Studio Metropolis, CA 91604, or by utilizing the “Contact” type at asklizweston.com.



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