The act of getting a divorce doesn’t usually carry a lot positives, and as it pertains to one’s financial well being, divorce can be quite the disaster. Recognizing that many couples build a life together with the intent of benefiting from one another’s savings and retirement benefits, the Social Security Administration has upheld the right of divorced spouses to claim Social Security benefit on the records of their former partners. If you live in Crown Point and are divorced, this is important information to know! Consider the following, and be sure to sign up for a free Social Security workshop near you for more information–
There are two types of benefits that you may collect on the Social Security record of your ex-spouse: Social Security retirement benefits and Social Security disability benefits. You can only collect these benefits when your ex-spouse is eligible for these benefit types.
In order to start collecting benefits on the record of your ex-spouse, you must be at least 62 years old (in order to be eligible to begin collecting Social Security retirement benefits, your ex-spouse must also be at least 62 years old). However, you do not have to start collecting at age 62, and if your ex-spouse does not want to start collecting benefits at age 62, you are eligible to begin collecting in spite of this, on their record, so long as you have been divorced for at least two years.
Many people wonder whether or not they retain eligibility to collect benefits on the record of their ex-spouse if they are remarried. The answer is no – if you have remarried, you forfeit your right to Social Security benefits on the record of your ex-spouse.
In addition to the various requirements listed above, it is important that you understand that in order to collect benefits on the record of your ex-spouse, whether Social Security disability or Social Security retirement benefits, you must:
Another important facet regarding receiving benefits on your ex-spouse’s record is this: if you are currently earning income and collecting Social Security retirement benefits, then there will be a reduction in your benefit amount. If you are under full retirement age, then $1 will be deducted for every $2 you earn above the annual limit. If you have reached full retirement age, then $1 will be deduced for every $3 you earn above the limit (which is different than the pre-full retirement age limit).
If you want to learn more about collecting Social Security benefits and collecting an ex-spouse’s record, we have answers. When you attend a free Social Security workshop hosted by Harvest Social Security QA, you will learn everything you need to know about how the process of claiming your benefits works. You can register for a free workshop near Crown Point today through our website.
How did we do?
Note: Your review may be shared publicly.