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When you apply for Social Security, you automatically apply for the greater of your benefit or half your spouse’s benefit. The average monthly payout for all retired workers was $1,918 in June ...
The working spouse’s full retirement age (FRA) is 67, with a monthly Social Security benefit of $2,500. The non-working spouse, with minimal work history, can receive spousal benefits based on ...
A Social Security spousal rule that was around for decades ended this year for the last eligible retirees — those who turned 70 on Jan. 1, 2024. The rule allowed recipients to switch between ...
Alaska: $1,733. Maine: $1,741. Kentucky: $1,748. Montana: $1,751. California: $1,767. In 2025, retired workers in the 10 states listed above will get the smallest cost-of-living adjustments (COLAs ...
Here are three things all retirees need to know. Two Social Security cards laying on top of a pile of cash. Image source: Getty Images. 1. How the government calculates the COLA. A basic ...
If you need to report a death or apply for benefits, you can call Social Security at 800-772-1213 (TTY 800-325-0778) between 8 a.m. and 7 p.m. Monday through Friday. You can also visit your local ...
The smallest COLA adjustment in four years. A mid-2% COLA may come as a surprise for many Social Security recipients after getting payout increases of 5.9% in 2022, 8.7% in 2023, and 3.2% last ...
Those come to a roughly 8% annual increase in your benefit each year until you hit 70 when the credits stop accruing. If you were born in 1960 or later, you’ll receive about 70% of your ...