When can a spouse begin benefits?
Spousal benefits were enacted in 1956 for females and in 1961 for males and are based on the normal retirement age of the spouse. Spousal benefits can begin when the primary worker is available to begin getting the benefit. The maximum spousal benefit is 50% of the primary worker’s PIA and is reduced if taken prior to the spouse’s normal retirement age. This video walks through examples of the spousal benefit, reviews the Government Pension Offset Amendment to the Social Security Act, and discusses if it is worth it to delay benefits.
Robert Muksian, Ph.D.
- Professor Emeritus, mathematics department at Bryant University in Smithfield, Rhode Island
- Past consultant to pension consultants for pre and post-retirement planning, attorneys at law and money managers
- Publications include, Zero Risk - Market Returns for the Ultra Conservative Investor, Journal of Financial Planning, Financial Planning Association, January 2009; Calculating Break-even Ages for Delaying Social Security Beyond the Normal Retirement Age, Journal of Financial Planning, Financial Planning Association, March 2006; The Best Day of the Year to Invest, AAII Journal, American Association of Individual Investors, February 2006; The Effect of Retirement under Social Security at Age 62, Journal of Financial Planning, Financial Planning Association, January 2004; Delaying Social Security beyond Normal Retirement, Journal of Financial Planning, Financial Planning Association, March 2006; Social Security Benefits at 65: Delay or Take the Money and Run, AAII Journal, American Association of Individual Investors, August 2000; Financial Mathematics Handbook, Prentice-Hall, 1994; Mathematics of Interest Rates, Insurance, Social Security, and Pensions, Prentice-Hall, October, 2002; and Applied Interest Theory, Cengage Learning, 2016
- Bryant University Distinguished Faculty Award in 2005 and the Bryant Federation Distinguished Faculty Award in 2004
- Certificate of appreciation for establishing the actuarial mathematics major at Bryant University, 1982
- Member of the American Society of Mechanical Engineers; past member Financial Planning Association and American Association of Individual Investors
- B.S.M.E. and M.S. degrees in mechanical engineering; Ph.D. degree in mechanical engineering and applied mechanics, University of Rhode Island
- Can be contacted at 401-203-6900, 401-781-1032 or [email protected]
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