Social Security Ex-Spousal Benefits 66-70
Both my domestic partner of 16 years and I plan to take our respective Social Security Divorcee Ex-Spousal Benefits starting this year from age 66-70 while letting our own retirement benefits grow 8% a year until age 70. I entered this into the annuity section as an a guaranteed annuity for 4 years. However, it seems to put each annuity in for the entire year rather than by age as the Social Security section does (which creates partial year amounts depending on birthday month). Also, in contingent planning, it seems to assume that the annuity continues as a 100% beneficiary for survivor, even though this is not true. I have no idea how it taxes it. I suspect mine will be taxed at 85% while hers will be taxed at 50%. Are there any work-arounds for these issues? The Social Security section won't allow me to enter any spousal benefits as it seems set up only for legally married spouses. Thanks for any advice you can give me.