Divorced? You Might Qualify for Ex-Spouse's' Social Security Benefits!
Planning for retirement can feel overwhelming, especially if you're divorced. Did you know you might be eligible for benefits based on your ex-spouse's work history? That's right! This little-known fact can significantly boost your retirement income.
Many women, in particular, find themselves entitled to a higher benefit based on their former husband's work record. Even if your ex-spouse hasn't applied for benefits themselves, you might still qualify!
This blog will unravel the mysteries of spousal Social Security benefits and answer all your burning questions.
Can I Receive Benefits Based on My Ex-Spouse's Work?
The answer is yes, under certain circumstances. Here's a breakdown of the eligibility requirements:
Married at Least 10 Years: Your marriage must have lasted a decade or longer.
Currently Unmarried: You cannot be remarried to collect benefits based on your ex-spouse's record (with some exceptions).
Age 62 or Older: You must be at least 62 years old to qualify.
Your Benefit is Lower: The benefits you'd receive from your own work history must be lower than the amount you'd get based on your ex-spouse's record.
Ex-Spouse's Eligibility: Your ex-spouse must be eligible for retirement or disability benefits themselves.
Bonus! Even if your ex-spouse hasn't applied for benefits yet, you can still potentially qualify as long as they are 62 or older. In this case, you'll need to be divorced for at least two years.
What if My Ex-Spouse is Deceased?
The good news is that you might still be eligible for benefits even if your former spouse is no longer alive. Here's what you need to know:
Age 60 or Older (or 50 with a Disability): You must be at least 60 years old (or 50 if you have a disability).
Marriage Lasted 10 Years: Your marriage must have lasted for a minimum of 10 years.
Your Own Benefit is Lower: The benefit you'd receive from your own work history must be lower than the amount you'd get based on your deceased ex-spouse's record.
An additional benefit: If you're caring for a child under 16 or a disabled child receiving benefits who was fathered/mothered by your ex-spouse, you might also qualify for benefits regardless of the length of your marriage.
Navigating the world of Social Security benefits can be complex. Don't miss out on what could be a significant boost to your retirement income!
We recommend scheduling a consultation with us to explore your options further.
Let's work together to ensure a secure and comfortable retirement for you.
