Your Action Plan for 2025

You have learned a great deal about how spousal benefits work, from eligibility and calculations to special circumstances and the application process. Now it is time to turn that knowledge into action. Taking a few proactive steps can help you prepare for a more secure and comfortable retirement. Here is a simple plan to get you started.

Step 1: Create Your Personal “my Social Security” Account

If you have not done so already, the most important first step is to create a secure personal account on the Social Security Administration’s website. You can do this by visiting the my Social Security account page. This free service is your personal gateway to your Social Security information.

Once your account is set up, you can view your Social Security Statement. This statement shows your complete earnings history, confirms that you have enough credits to qualify for benefits, and provides personalized estimates of your retirement, disability, and survivor benefits. Seeing these numbers can make your retirement planning much more concrete. It is a powerful and essential tool for everyone.

Step 2: Talk With Your Spouse

Social Security planning should be a team effort. Sit down with your spouse and have an open conversation about your retirement goals. Discuss when each of you might want to stop working and when you plan to start your Social Security benefits. A coordinated strategy can often result in tens of thousands of dollars more in lifetime income for your household. Consider how the timing of the higher-earner’s claim will affect not only their own benefit but also the potential future survivor benefit for their spouse. This conversation is one of the most important financial discussions you can have as a couple.

Step 3: Use the Social Security Calculators

The Social Security Administration’s website offers a variety of free online calculators. These tools can help you explore different retirement scenarios. You can plug in different retirement ages and earnings estimates to see how your benefit amounts would change. The Retirement Estimator, for example, gives you a real-time estimate based on your actual earnings record. Playing with these numbers can give you a much clearer sense of your options and help you and your spouse make a decision that works best for your family.

Step 4: Consider Professional Guidance

While you can certainly navigate the Social Security system on your own, sometimes it helps to have an experienced guide. If your financial situation is complex, or if you simply want a second opinion, consider speaking with a qualified financial advisor who specializes in retirement planning. They can help you look at your Social Security options within the context of your entire financial picture, including savings, investments, and pensions. They can help you weigh the trade-offs and build a comprehensive retirement income plan.