How Work Affects Your Social Security Benefits

There are a number of rules that apply to receiving Social Security benefits and receiving work income for the same time period. To understand these, first differentiate between receiving benefits under the Social Security insurance programs, as compared to receiving benefits under the needs-based program called Supplemental Security Income (SSI).  Insurance programs include Social Security Disability Insurance, Retirement Insurance, and dependency or survivors’…

Social Security Survivors Benefits: What Is Your Spouse Entitled To When You Die?

You and your spouse may be relying on your portion of your Social Security Retirement Benefits to pay most of your household expenses, especially if you receive the higher payment. What happens to your spouse’s income if you pass away? Most people are aware that Social Security may pay survivor’s benefits to widows, widowers, and divorced former spouses, but they may not know exactly how much the survivor is entitled to. The answer will vary depending on an array of scenarios.…