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: http://www.cbsnews.com/8301-505146_162-57583321/the-lowdown-on-social-security-spousal-benefits/
No comments:
Post a Comment