(Courtesy of Medicare Done) Many people think of Social Security as an individual benefit, but for married couples, divorced individuals and surviving spouses, there are additional benefits that could significantly boost retirement income. Understanding how spousal and survivor benefits work is crucial for maximizing your Social Security.

For example, if you’re married, you may be eligible to receive up to 50% of your spouse’s Social Security benefit while they’re alive. However, this 50% is the maximum amount you can receive based on your spouse’s benefit, not in addition to your own. If your spouse is receiving $2,000 a month, you could receive $1,000 per month as your spousal benefit. If your benefit is lower than

$1,000, you would receive the difference to bring you up to that 50%. But if your benefit is higher, you will only receive your own benefit, not the spousal benefit.

Divorced individuals also have the right to spousal benefits. If you were married for at least 10 years, you might qualify for Social Security benefits based on your ex-spouse’s earnings — again, this is not in addition to your own benefits. If your ex-spouse is receiving $2,000 a month, you could qualify for up to $1,000 in spousal benefits, but your own benefit would not be added on top of this. This benefit is available even if your ex has remarried and won’t reduce their benefits.

For surviving spouses, Social Security offers survivor benefits, allowing you to claim up to 100% of your late spouse’s benefit. As with spousal benefits, this amount is the maximum you can receive from your late spouse’s Social Security, not in addition to your own. So, if your spouse was receiving $2,500 a month before passing away, you could claim their full benefit of $2,500. If you’re also entitled to your own Social Security benefit, you would receive whichever amount is higher, but not both combined. In certain cases, survivors can start collecting benefits earlier, which could be a key factor in your retirement strategy.

The timing of when you claim these benefits is important. Social Security benefits can be claimed as early as age 62, but the longer you wait (up until age 70), the higher your monthly benefits will be. Deciding when to claim depends on your individual circumstances, including your health, your spouse’s earnings record, and whether you qualify for survivor benefits.

Social Security rules can be complex, and there isn’t a one-size-fits-all strategy. It’s essential to understand how your specific situation — whether married, divorced or widowed — affects your benefits. By taking advantage of the right strategies, you could significantly increase your retirement income.

To learn more about how these benefits apply to you, schedule a free consultation with Yeshaya Jeremias RSSA at (248) 919-8193 or email [email protected]. Let’s explore your options and help you make the most of Social Security.