Is deferred comp a good idea?
Is deferred comp a good idea?
Peter, with that much income, a deferred-compensation plan is definitely worth considering. On the positive side, a deferred-compensation plan could save you some tax dollars. Similar to pre-tax contributions to a 401(k), instead of receiving your full pay, you defer some of it.
What is the difference between spousal benefits and survivor benefits?
Spousal benefits are based on a living spouse or ex-spouse’s work history. Survivor benefits are based on a deceased spouse or ex-spouse’s work history. The benefit is based on the worker’s FRA benefit and is not enhanced by delayed retirement credits. Age 62 is the earliest a spouse can claim a spousal benefit.
What percentage of a husband’s Social Security does a widow get?
100 percent
How long can a widow receive survivor benefits?
Widows and widowers Generally, spouses and ex-spouses become eligible for survivor benefits at age 60 — 50 if they are disabled — provided they do not remarry before that age. These benefits are payable for life unless the spouse begins collecting a retirement benefit that is greater than the survivor benefit.
How long do you have to be married to receive survivor benefits?
nine months
At what age can a widow draw her husband’s Social Security?
age 60
