Divorced? You Can Still Max Your Social Security

divorceWe often advise married couples and singles on how to maximize their Social Security benefits. Those benefits are an important part of every retirement income plan.

But here’s a helpful reminder if you are divorced.

If your marriage lasted 10 years or longer, you can receive benefits on your ex-spouse’s record (even if he or she has remarried) if:

  • You are unmarried;
  • You are age 62 or older;
  • Your ex-spouse is entitled to Social Security retirement or disability benefits.

It doesn’t matter whether your ex has actually applied for that benefit, says the Social Security Administration.

Your potential benefit is generally the greater of:

  • One-half of what your ex-spouse would receive at his or her full retirement age; or,
  • What you would receive based on your own work record.

As with all Social Security benefits, there is a fair amount of fine print concerning remarriage, age, and so forth, so make sure you check with Social Security for details.



About Mari Adam

Mari Adam, Certified Financial Planner™ has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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