Social Security Survivor Benefits- The Thing Women Should Learn About
When Social Security was launched back in 1935 it was normal for women to remain inside home to raise the family. In most families the husband was the higher earner or the only earner in the household. Additionally, women statistically outlive men, especially if the wife is younger than the husband.
The coincidence of lower or no income and a longer life span meant many women found themselves in poverty when their husbands died, as their husband's Social Security retirement benefits ended at their death. The Social Security Board recognized the challenges that women face and have employed several adjustments to the system over the years to account for these requirements.
One of the first amendments to the Social Security system was to allow women to apply for benefits at 62 instead of waiting until 65 under the assumption that they were younger than their husbands and that they would want to retire simultaneously.
Then in 1939 two other categories of benefits were added: Social Security survivor benefits and dependent benefits (payable to the spouse and minor children of retired employees).
These changes transformed Social Security from a retirement program that only paid benefits to retired workers into a family-based system, where spouses and children may receive benefits of retired, disabled or deceased workers. This was a tremendous help to women who did not qualify for retirement benefits on their own, or who had considerably smaller benefits than their spouses.
Today, although it's not uncommon for women to earn as much or more than their spouses, they however may take time off to raise families, and they still statistically live longer than their spouses. In addition, the number of divorced women attaining retirement age is greater than it has ever been. Because of this, a lot of women still get Social Security spousal benefits or survivor benefits rather than benefits depending on their own work records.
So it's essential for women - no matter what their marital status is - to understand the spousal and survivor benefits open to them along with the retirement benefits so they can get the maximum benefits they are entitled to.
Making Use Of Government Awards In Order To Make Improvements To Your Home.
Being on the property ladder whether renting or owning your own home it can be a very expensive ordeal.
Some Helpful Information Which Will Assist You To Understand When And How To Submit Your Social Security Application
As you get closer to retirement one of your top questions is probably when and how to submit your Social Security application. Should you apply at age 62 or 66? What are the steps to applying for Social Security once you've decided to start collecting retirement benefits?
Social Security Benefits: A Few Important Details On COLA 2011
For the second year in a row people who rely on Social Security will not be receiving a cost of living increase. This is only the second time since the cost of living adjustment (COLA) was adopted that recipients have not received an increase.
Gold Coin Prices Guide May Provide Valuable Information To Invest At Best Time
Coin collecting, there are tools that you'll need to acquire to make your numismatic experience both fun and rewarding. The most valuable tool that you can get your hands on is an up-to-date gold coin price guide. Inside you will find great information to help you enjoy your new hobby
Is 2012 A Year When Social Security Benefits Will Rise
The millions of people who depend on Social Security to get by will be thrilled to know that it will be increasing in 2012. This is the first time in years that Social Security benefits have been increased.
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The coincidence of lower or no income and a longer life span meant many women found themselves in poverty when their husbands died, as their husband's Social Security retirement benefits ended at their death. The Social Security Board recognized the challenges that women face and have employed several adjustments to the system over the years to account for these requirements.
One of the first amendments to the Social Security system was to allow women to apply for benefits at 62 instead of waiting until 65 under the assumption that they were younger than their husbands and that they would want to retire simultaneously.
Then in 1939 two other categories of benefits were added: Social Security survivor benefits and dependent benefits (payable to the spouse and minor children of retired employees).
These changes transformed Social Security from a retirement program that only paid benefits to retired workers into a family-based system, where spouses and children may receive benefits of retired, disabled or deceased workers. This was a tremendous help to women who did not qualify for retirement benefits on their own, or who had considerably smaller benefits than their spouses.
Today, although it's not uncommon for women to earn as much or more than their spouses, they however may take time off to raise families, and they still statistically live longer than their spouses. In addition, the number of divorced women attaining retirement age is greater than it has ever been. Because of this, a lot of women still get Social Security spousal benefits or survivor benefits rather than benefits depending on their own work records.
So it's essential for women - no matter what their marital status is - to understand the spousal and survivor benefits open to them along with the retirement benefits so they can get the maximum benefits they are entitled to.
Making Use Of Government Awards In Order To Make Improvements To Your Home.
Being on the property ladder whether renting or owning your own home it can be a very expensive ordeal.
Some Helpful Information Which Will Assist You To Understand When And How To Submit Your Social Security Application
As you get closer to retirement one of your top questions is probably when and how to submit your Social Security application. Should you apply at age 62 or 66? What are the steps to applying for Social Security once you've decided to start collecting retirement benefits?
Social Security Benefits: A Few Important Details On COLA 2011
For the second year in a row people who rely on Social Security will not be receiving a cost of living increase. This is only the second time since the cost of living adjustment (COLA) was adopted that recipients have not received an increase.
Gold Coin Prices Guide May Provide Valuable Information To Invest At Best Time
Coin collecting, there are tools that you'll need to acquire to make your numismatic experience both fun and rewarding. The most valuable tool that you can get your hands on is an up-to-date gold coin price guide. Inside you will find great information to help you enjoy your new hobby
Is 2012 A Year When Social Security Benefits Will Rise
The millions of people who depend on Social Security to get by will be thrilled to know that it will be increasing in 2012. This is the first time in years that Social Security benefits have been increased.
Discover credit card offers