Social Security spousal benefits can be a helpful tool for retirement planning, with over 2 million people currently collecting them. However, there are important rules to consider. One key point is that you can only receive spousal benefits if your partner is already receiving benefits. Divorcees can qualify for spousal benefits without their ex actively collecting. It’s crucial to understand the impact of claiming early on spousal benefits, as the reduction can be steeper than for personal benefits. Additionally, retirees receiving spousal benefits do not receive delayed retirement credits, so it’s best to start no later than full retirement age.

Read more at Nasdaq: Claiming Spousal Social Security Benefits? 5 Rules Every Retired Couple Needs to Know First.