Today’s column takes up maximum payable benefit amounts, taking spousal benefits after FRA, retroactive benefits, requirements for eligibility for a divorced spousal benefit and how filing for retirement benefits might affect eligibility for a spousal benefit. Larry Kotlikoff is the founder and president of Economic Security Planning, a company that markets Maximize My Social Security, a Social Security benefits calculator referred to in this post. What's the maximum Social Security benefits I can receive based on my income and contributions over a lifetime? Sally's Primary Insurance Amount (PIA), which is equal to her full retirement age (FRA) retirement benefit amount, is $800. Thus, her combined benefit amount of $1,000 would equal a full 50% of Art's FRA retirement benefit amount.

Source: Forbes December 01, 2017 14:37 UTC