Calculating Social Security Spousal Benefits with Dual Entitlement

In today's video I'm covering calculating the spousal benefit for a spouse who also has their own benefit. This is important to understand because your own benefit and your spousal payment are NOT calculated the same when it comes to reductions for filing early or increases for filing later.

RESOURCES:
My video on Spousal Benefits

Congressional Research Service “Social Security Dual Entitlement”

Entire POMS Chapter on Computation of Monthly Benefits

Dual Entitlement

“A RIB is figured independently of any past or present spouse's benefit reduction except if DIB is involved”
+
“The amount payable as a spouse will be the difference between the spouse's benefit and the RIB.”

The big chart on benefit reductions

The SSA quick calculator on early retirement spousal benefits.

Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn:
✔The Most Important Factors to Consider BEFORE You File for Benefits
✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy
✔Why This Is The Biggest Decision of Your Retirement

Access the workshop today at this link

📜 HEAR YE HEAR YE: Some of my videos contain links to third party products, apps, and services. If you click through, I may receive a small referral fee to my media company (Carroll Media Properties) through their referral program. Rest assured, I only recommend products or services that I believe will be helpful and informative to my audience.

⭐⚠️⭐Please read this⭐⚠️⭐

⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇
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[jeffpfister]

No one does a better job explaining social security than Carroll

[blinker]

The BEST explanation of this complex subject. Thanks very much!

[qcvjvpv]

Devin Carroll is awesome! He explains this so clearly and in an easy to understand manner. Thank you so much. 🙏🏽🤗👍🏼👏

[rosannedunn]

This is a very important subject. Thank you so much for the teaching video! 👍👍👍💖💖💖

[ultramegasuper]

Nicely done. I’ve never seen it explained like this before. The charts get the point across. Good work.

[dougb]

Thank you so much Devin. This is exactly what I have been asking people about for years. Our situation is the hardest, the one that starts about 8:30 into your video. Dang this stuff is confusing. Thank you, thank you, thank you.

[Poppy_love]

I can see where others may have a problem in Devons calculations. I think the issue arises when calculating increased amounts for each year. If I claim my retirement at age 62 and I get a reduction in my benefit at 70% of my FRA. That amount doesn't change from year to year afterwards. So If I am due a $700 benefit at 62, it doesn't increase the next year. It stays the same from then on. If I then have a spouse who files at 67 4 years later, I can claim the spousal benefit if they say are due a $2400 FRA benefit, I would get a Spousal Benefit of $1200 instead of just $700.

[arequina]

Thank you, Mr. Carroll. I actually fall in the category where the lower earning spouse (wife) will be filing for SS benefits. She's seven years older than me. Your explanation has made it clear for me.

[carmenfigueroa]

Thank you for update Devine. This is very important issue.

[SantaBarbaraAlberto]

Thank you! We agree with your calculation and will use the information to estimate wife Spousal Benefit.

[dankerman]

Thank you Devin... great explanation of benefits! You're videos are fantastic!

[evanmurnighan]

Thank you for such a great explanation.

[thomasorourke]

great video makes it much clearer and will help me with my retirement planning and SS impacts

[benwillis]

Thank you for the excellent explanation! A very complex topic and covered it in simple terms with good examples. Great job!

[marktaylor]

Thanks for the explanation on this aspect of SSA benefits. One additional question -- what happens to the spousal benefit should the higher earner pass after reaching full retirement age?

[mikealbers]

Thank You for the clarification. My wife will take her social security at at 63 and I will wait until 66 8 month for FRA PIA. This strategy will allow her to save and we can max out our benefit at FRA..Filing after FRA is not good as her 100% spousal will not increase. We are better off increasing her spousal benefit at my FRA. Now I need to figure out my health insurance plan at age 64 retirement. I think I will allow low income to maximize AMA subsidy. Thank

[cynthiacarter]

Thanks Devin you're my go-to channel

[johnnabaker]

If you are 57 years old and you've been receiving Social Security disability benefits for 10 years can you still apply for spousal benefits or does your spouse or ex-spouse rather have to have claimed his Social Security first?

[tamiweber]

Very informative, a must share video.💜

[billjones]

Glad to see how simple these calculations are. Why can’t SS just pick 1 number for every calculation and let it ride. After all it is OUR MONEY, NOT THEIRS we are getting back! Are they afraid we do not need our money back?