Next year my husband turns 65. I will be 63. We will be moving to a new location, to aid my ageing parents. Do I have to continue working or can we get a couples pension if I cannot find work. And if I do find work, does that mean that my husband cannot get a pension?We do not have much money and are worried about our future. Please help me with these questions. Thank you.
I have asked our account and our bank but they are unsure.
Hello and and thank you for your question. For over 34 years, I have answered questions just like yours. And I look forward to assisting you. If you have pensions from previous emplloyers, that will NOT affect you and your husband applying for SS retirment. But do note that full retirement age for SS is 66. AS aresult, by applying before 65, your benefits are reduced from what you would get if you were 66. Further, if you continue to work, you can only earn up to $14630 per year, each until you are 66. If you earn more, for every two dollars in excess,, your SS check is reduced by one dollar. Accordingly, you each should apply for your own SS now.
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You have not answered my question yet about if my husband is 65 or 66 as you think (I thought that the older age was for people ageing after us) and i am not able to get a job, can we can a couple pension? After I get the anwser I will leave positive feedback for you.
There is no such thing as a couple's pension. Instead, you each apply for SS on your own earnings record. Likewise, as you are both under 66, by applying now, your benefits will be reduced than if you waited until age 66. Note, if you were born after 1946, the full retirement age is 66. Finally, if you cannot get a job, you do not have to be concerned with your benefits being reduced because of excess income. I wish you both well.