Our daily roundup of retirement news your clients may be thinking about.
Maximize the Social Security spousal benefit Although Social Security retirement benefit is reduced by up to 25% when claimed before full retirement age, retirees who earned less than their spouses may increase their payout by claiming a spousal benefit, according to this article on Kiplinger. Using the right strategy, lower earners could receive up to 50% of their spouse's retirement in addition to their own retirement benefit once they file for a spousal benefit. Kiplinger
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