Spousal benefits are worth up to one-half of what your partner qualifies for at their FRA. You can claim these benefits early, but you lose 25/36th of 1% per month for up to 36 months and five-twelfths of 1% per month thereafter. There's also no delayed retirement credit for applying for spousal benefits after your FRA.

Retirement planning involves more than just stopping work; it requires careful financial management to ensure long-term stability. Social Security benefits play a crucial role in retirement income, but understanding the rules governing these benefits is essential to avoid potential reductions and maximize payments.

Social Security benefits play an important role in retirement income. But for retirees who may not need some or even all of their benefit, it still has value - especially if you plan to invest