Marcum Wealth Financial Advisor Louis Trivisonno quoted in UExpress article around Social Security spousal benefits

Excerpt:

“The calculation of spousal benefits and how they are shown can be confusing,” Trivisonno said.

To help illustrate how the combination of benefits works, he offered this example of spouses who waited until full retirement age (FRA) to begin collecting their Social Security benefits.

“Spouse 1 has a monthly benefit of $3,000, and Spouse 2 has a monthly benefit of $1,200 (on her own record). [Due to the spousal benefit rule], Spouse 2 should be entitled to $1,500 per month because half of $3,000 is higher than $1,200,” Trivisonno explained.

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