How To Get Half of Your Spouse’s Social Security Check

How To Get Half of Your Spouse’s Social Security Check

How to get half of your spouse’s social security check is arguably one of toughest questions that many couple faces. That said, Philip Moeller, a financial journalist, along with Kotlikoff and Solman have come up with a book titled “Get What’s Yours: The Secrets To Maxing Out Your Social Security” that looks at solving this issue and below I have shared with you contents from the book.

This topic can be viewed in a number of ways, according to Annalee Leonarded, "Every married person can choose between two different options when electing Social Security benefits –- their own benefit or a spousal benefit." He goes on to add that, "when making a decision about your benefits, it's important to not only consider your own earning record, but also consider your spouse's benefits."

"File and suspend is ideal for couples where one spouse earned a significantly larger amount than the other spouse," he adds. "File and suspend allows the primary wage earner to apply for benefits, then suspend collecting, while allowing the other spouse to start collecting spousal benefits immediately."

However, Tony D’Amico, the CEO for Fidato Group, has cautioned that "sometimes this strategy may not be beneficial," for instance, "when someone has additional income needs on top of the spousal benefits received, and there are no other pensions or fixed-income sources."

Given such a circumstance, that person would be depend on saving distributions as well as investments which "could significantly reduce their investment and savings account(s), and may not be what is best for them for the long term," Tony D’Amico says.

 

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