Some couples may be able to increase SSD benefits in retirement
Many people receiving Social Security disability benefits are concerned that they will stop receiving benefits in retirement. Never fear! While some private disability benefits end at retirement, Social Security disability benefits are still paid in full. And, there may be a way for you to earn more during this stage of your life.
You are entitled to half of your spouse’s retirement fund. According to fool.com, if half of your spouse’s benefits exceed the amount your receiving now, you can ask for your payment to be adjusted to match that figure.
There are a few things to note, however. You cannot receive Social Security disability benefits and your spouses full retirement fund– just any difference between the two to compensate. You should also know that when you begin receiving your spouse’s benefits matter. If you choose to begin receiving payments before the full retirement age, you’re subject to a 30% monthly penalty.