5 Social Security Spousal Benefits and Loopholes You Need to Know Now

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1. Spousal Coordination of Benefits

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A married couple often has a partner with a higher pay and the other one with a lower pay or none at all. In such cases, combining retirement and spousal benefits, and optimizing them, can ensure that couples can maximize their benefits. For instance, you won’t be able to receive a spousal benefit if your retirement benefit surpasses it. Social Security disburses the higher of the two benefits when an individual qualifies for both. Therefore, couples must stay informed about their anticipated future benefits across different claiming ages.

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