New
3 Social Security Secrets All Married Couples Need To Know Before Retirement
Social Security is an integral source of income for millions of retirees. More than 40% of baby boomers expect their benefits to be their primary income source in retirement, according to a 2023 report from the Transamerica Center for Retirement Studies, so it's wise to make the most of them.
If you're married, you may be entitled to extra money each month in the form of spousal benefits. The average spouse of a retired worker collects around $912 per month, as of March 2024. If you qualify for this type of Social Security, it could go a long way.
Spousal benefits can sometimes be confusing and complicated, however, and there are a few things all married couples should know before retirement.
