Don’t Make This Costly Mistake When Claiming Social Security Spousal Benefits

Social Security benefits are typically earned through work and tax contributions. However, it is also possible to receive these benefits without ever working a day in your life. By being married to someone eligible for Social Security or being divorced from someone entitled to benefits, individuals may have access to spousal benefits. These benefits can amount to up to 50% of the benefits received by their current or former spouse. Understanding the rules surrounding spousal …

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2024 Social Security Changes You Must Know!

The cost-of-living adjustment (COLA) may grab the headlines, but several elements of Social Security change annually to align with national trends in prices and wages, impacting the benefits received by millions of Americans and the taxes paid by nearly all U.S. workers. Here are five significant alterations to Social Security in 2024: #1 Enhanced COLA Benefits The inflation rate moderated significantly in 2024, but consumer prices increased, resulting in a 3.2 percent COLA for Social …

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