Present Situation About Social Security Spouse And Survivor Benefits
When Social Security was established back in 1935 it was typical for women to reside in home to raise the family. In the majority of families the husband was the major earner or the only earner in the household. Additionally, women statistically outlive men, especially if the wife is younger compared to the husband.
The combination of lower or no earnings and a longer life span implied many women noticed themselves in poverty at the time their husbands died, as their husband's Social Security retirement benefits ended at their death. The Social Security Board recognized the challenges that women face and have adopted several changes to the system over the years to account for these needs.
One important amendments to the Social Security system was to enable women to apply for benefits at 62 instead of waiting until 65 under the assumption that they were younger than their husbands and that they would like to retire at the same time.
Then in 1939 two new categories of benefits were included: Social Security survivor benefits and dependent benefits (payable to the spouse and minor kids of retired employees).
These changes transformed Social Security from a retirement program that only paid benefits to retired employees into a family-based program, where spouses and children could receive benefits of retired, disabled or departed workers. This was an enormous help to women who were not eligible for retirement benefits on their own, or who had considerably smaller benefits than their spouses.
Today, although it's not uncommon for women to earn as much or greater than their husbands, they still may take time off to look after families, and they still statistically live longer than their spouses. Moreover, the number of divorced women attaining retirement age is greater than it has ever been. Because of this, a number of women still receive Social Security spousal benefits or survivor benefits instead of benefits according to their own work period.
So it's essential for women - no matter what their marital status is - to learn the spousal and survivor benefits available to them in addition to the retirement benefits so they can enjoy the optimum benefits they are eligible to.
Social Security Retirement Income: Guidelines To Help You Make The Most Of Your Social Security Benefits
As you get closer to retirement, choosing when to take your Social Security may seem like rolling the dice. There are so many decisions to make, such as:
A Few Vital Points Which You Should Know About Social Security Spouse Benefits
When most people think about Social Security, they naturally think of retirement benefits. However about 1/5 of all Social Security benefits are spousal or survivor benefits, so when you're planning for retirement, it's important to consider the fact that you or your spouse may collect Social Security survivor benefits
Social Security Benefits: Several Crucial Information On Cost Of Living Adjustment 2011
For the second year in a row people who rely on Social Security will not be receiving a cost of living increase. This is only the second time since the cost of living adjustment (COLA) was adopted that recipients have not received an increase.
Brand New Guidelines Suggest Much More Individuals Doing Roth IRA Conversions In 2010
As we near the end of 2010, countless people have already done Roth IRA conversions, and many others are questioning if a Roth IRA conversion in 2010 is the right move for them.
Some Key Exceptional Roth IRA Withdrawal Rules That Might Aid You To Take Money Out Of Roth IRA
Roth IRAs are governed by the IRS; as such there are many Roth IRA withdrawal rules that must be followed before you take money out of your account. In this article we'll discuss Roth IRA distributions; when they can be taken, when and if they are taxable, when and if penalties might apply.
Social Security Death Benefits Could Help Monetarily Once Husband Or Wife Or Other Family Member Has Passed Away
Qualifying relatives of individuals who have passed away can receive assistance from social security death benefits. The payments provided vary and depend on a number of things such as the payments that have been made to social security as well as the relationship of the relative to the individual.
Social Security Eligibility Criteria: Can A Full-Time Housewife Collect Social Security?
When Social Security was first established, most families only had one bread-earner, and only the working spouse qualified for retirement benefits. This caused financial difficulties for the spouse who didn't work (and therefore didn't qualify for Social Security) if the working spouse passed away first.
On The Subject Of Social Security Disability: What You Must Understand Before Filing For Disability Benefits
Most people think of retirement when they hear Social Security, however Social Security provides benefits to people who are disabled as well. The list of requirements that must be met for Social Security disability benefits is pretty long, and many people don't meet those requirements.
The combination of lower or no earnings and a longer life span implied many women noticed themselves in poverty at the time their husbands died, as their husband's Social Security retirement benefits ended at their death. The Social Security Board recognized the challenges that women face and have adopted several changes to the system over the years to account for these needs.
One important amendments to the Social Security system was to enable women to apply for benefits at 62 instead of waiting until 65 under the assumption that they were younger than their husbands and that they would like to retire at the same time.
Then in 1939 two new categories of benefits were included: Social Security survivor benefits and dependent benefits (payable to the spouse and minor kids of retired employees).
These changes transformed Social Security from a retirement program that only paid benefits to retired employees into a family-based program, where spouses and children could receive benefits of retired, disabled or departed workers. This was an enormous help to women who were not eligible for retirement benefits on their own, or who had considerably smaller benefits than their spouses.
Today, although it's not uncommon for women to earn as much or greater than their husbands, they still may take time off to look after families, and they still statistically live longer than their spouses. Moreover, the number of divorced women attaining retirement age is greater than it has ever been. Because of this, a number of women still receive Social Security spousal benefits or survivor benefits instead of benefits according to their own work period.
So it's essential for women - no matter what their marital status is - to learn the spousal and survivor benefits available to them in addition to the retirement benefits so they can enjoy the optimum benefits they are eligible to.
Social Security Retirement Income: Guidelines To Help You Make The Most Of Your Social Security Benefits
As you get closer to retirement, choosing when to take your Social Security may seem like rolling the dice. There are so many decisions to make, such as:
A Few Vital Points Which You Should Know About Social Security Spouse Benefits
When most people think about Social Security, they naturally think of retirement benefits. However about 1/5 of all Social Security benefits are spousal or survivor benefits, so when you're planning for retirement, it's important to consider the fact that you or your spouse may collect Social Security survivor benefits
Social Security Benefits: Several Crucial Information On Cost Of Living Adjustment 2011
For the second year in a row people who rely on Social Security will not be receiving a cost of living increase. This is only the second time since the cost of living adjustment (COLA) was adopted that recipients have not received an increase.
Brand New Guidelines Suggest Much More Individuals Doing Roth IRA Conversions In 2010
As we near the end of 2010, countless people have already done Roth IRA conversions, and many others are questioning if a Roth IRA conversion in 2010 is the right move for them.
Some Key Exceptional Roth IRA Withdrawal Rules That Might Aid You To Take Money Out Of Roth IRA
Roth IRAs are governed by the IRS; as such there are many Roth IRA withdrawal rules that must be followed before you take money out of your account. In this article we'll discuss Roth IRA distributions; when they can be taken, when and if they are taxable, when and if penalties might apply.
Social Security Death Benefits Could Help Monetarily Once Husband Or Wife Or Other Family Member Has Passed Away
Qualifying relatives of individuals who have passed away can receive assistance from social security death benefits. The payments provided vary and depend on a number of things such as the payments that have been made to social security as well as the relationship of the relative to the individual.
Social Security Eligibility Criteria: Can A Full-Time Housewife Collect Social Security?
When Social Security was first established, most families only had one bread-earner, and only the working spouse qualified for retirement benefits. This caused financial difficulties for the spouse who didn't work (and therefore didn't qualify for Social Security) if the working spouse passed away first.
On The Subject Of Social Security Disability: What You Must Understand Before Filing For Disability Benefits
Most people think of retirement when they hear Social Security, however Social Security provides benefits to people who are disabled as well. The list of requirements that must be met for Social Security disability benefits is pretty long, and many people don't meet those requirements.
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