Should Both You and Your Spouse Delay Social Security Until 70?
Being married can be beneficial in retirement for a couple of reasons. First, it's nice to have a partner around for company at a time when you're no longer working. And if you and your spouse each have your own 401(k) or IRA, you can combine those resources to boost your household income.Being married can also be helpful from a Social Security perspective. That's because as a couple, you may have more filing choices if you're both entitled to benefits based on your respective wage histories.Image source: Getty Images.Continue reading
Being married can be beneficial in retirement for a couple of reasons. First, it's nice to have a partner around for company at a time when you're no longer working. And if you and your spouse each have your own 401(k) or IRA, you can combine those resources to boost your household income.
Being married can also be helpful from a Social Security perspective. That's because as a couple, you may have more filing choices if you're both entitled to benefits based on your respective wage histories.
Image source: Getty Images.
