As with all your financial decisions, your Social Security claiming age will affect your partner, though perhaps not in the way you think.

Key Points Claiming early reduces your own retirement benefit, but it will not affect your partner's spousal benefit. If your partner claims early, that can reduce their spousal benefit by up to 35%.

You can see how this plays out in the Social Security Administration's own data listing the average monthly benefit for retired workers at every possible claiming age between 62 and 70.

Home Retirement Social Security How Divorced Retirees Can Maximize Their Social Security Benefits: A Case Study Susan discovered several years after she filed for Social Security that she is ...

On average, Social Security covers 30.11% of retirees’ spending. Find out where Social Security benefits will cover the highest and lowest percentage of your spending in retirement.

The Brief The Social Security trust fund could face insolvency by late 2032, per CRFB estimates. That would trigger a 24% automatic benefit cut—about $18,000 annually for a dual-earning couple.

About 23% of people over 50 want to delay their retirements over financial readiness and economic worries, a survey found.

This list of states that tax Social Security benefits has been shrinking. As of 2016, for example, 13 states taxed Social Security.

If you’re counting on income from Social Security in retirement, you need to know this update!