August 22, 2013

Delaying retirement doesn't increase Social Security spousal benefits

“The calculation of Social Security spousal benefits works differently from the calculation of retirement benefits, writes Mary Beth Franklin. For each year a worker delays taking retirement benefits beyond full retirement age up to 70, the benefit is increased 8%. The delayed-retirement credit doesn't apply to spousal benefits.” Source: Investment News
More info from Ray Martin at MoneyWatch:

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