- Spousal benefits can help cover retirement costs if your spouse earned more or you didn’t work enough for Social Security. Unfortunately, spousal benefits cannot be increased by waiting past full retirement age.
- Claiming spousal benefits at full retirement age will provide 50% of your spouse’s primary insurance amount. Delaying until after FRA may not increase benefits, but could be necessary if your spouse waits to claim their own benefits.
- To maximize Social Security income, experts recommend waiting until 70 to claim benefits. Some "Social Security secrets" could boost retirement income by $23,760 annually. Join Stock Advisor for more strategies.
Read more at Nasdaq: This Social Security Spousal Benefits Rule Could Be a Big Disappointment