Created: December 21, 2021
Modified: September 23, 2022

Social Security Questions You Need to Know

Joel Johnson, CFP® answers questions and talks about Social Security on this weekend’s segment of Better Money Boston on WCVB5.

A few important things to note are:

  • Social Security amounts adjust each year. This year, for instance, there was a big jump due to inflation.
  • Your benefits may be reduced if you continue to work and collect monthly checks before full retirement age.
  • Treat your S.S. like an account rather than a stream of payments.

Social Security and Marriage

If a spouse passes away, you cannot collect both your own and your spouse’s Social Security.

You may be able to claim benefits on your ex-spouse’s Social Security if you were married for at least 10 years before your divorce or their death, are over the age of 62, and are not remarried. This could greatly increase your benefits if your ex-spouse’s benefit is much higher than your own.

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