A non working wife would normally receive one half of the husbands social security award. If, for example, the husband got $1000, the wife would get $500. This is considering that the husband retired at 65 or 66 whatever his date works out to be.
If however the husband were to retire early, at 62, the amount his wife would get would not be one half of his award but only about 33 % of whatever he would get.
This is what I am learning from a new book called, "Retire Early, Make the Smart Choices"
Is this the way you understand it?
boont
If however the husband were to retire early, at 62, the amount his wife would get would not be one half of his award but only about 33 % of whatever he would get.
This is what I am learning from a new book called, "Retire Early, Make the Smart Choices"
Is this the way you understand it?
boont