I will occasionally get questions, almost always from women who spent much of their adult life as homemakers and are now approaching their senior years, who tell me that they plan to get a job to start building up their…
plan to get a job to start building up their own Social Security. My usual message to them is that it’s probably not worth it. I’ve saved up some questions about this topic and will answer them today.
People are also reading… Why? Because you’re always going to get more money as a dependent wife on your husband’s Social Security record. I’ll use a little example to explain this in more detail. In other words, you’d end up with the same $1,000 Social Security check each month. Working and paying taxes and acquiring those extra 12 Social Security credits nets you nothing extra, so why do it?
My Social Security message is a little different in your case. Even if you work for the next 15 years or so, there’s still a pretty good chance you’d end up getting higher spousal benefits on your husband’s account. But there is a flip side to that argument that might cause you to consider working for Social Security purposes. Widows who have their own Social Security account have an option they sometimes can use. They can take reduced benefits on one record and later switch to higher benefits on another record.
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