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Money and Finances
Reply to "Explain social security and time put in"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your benefits also depend on whether you are, or were, in a marriage that lasted more than 10 years. I am a SAHM married to a high earner and I will get amount equal to half of his benefits (so in today's $, he will get about $2600 a month and I will receive another $1300 regardless of whether I paid payroll taxes). When one partner dies, the survivor gets the entire $2600 a month. (Not saying this is fair but the system was developed in the 1930's and assumes a traditional family).[/quote] Is this in addition to your benefits? And does it work in reverse if you earn the same as him, so you will $2600 and he will get another $1300? Totalling a benefit of $2600 * 3?[/quote] Okay, I looked it up, a spouse can choose to receive her benefit or half of her spouse's benefit. Depending upon age, it make sense to take one or the other.[/quote]
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