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Social Security can be an invaluable source of income in retirement, and if you qualify for spousal, divorce, or survivors benefits, it pays to take full advantage of them.
Even if you never worked, you’re eligible for Social Security benefits if you are at least 62 years of age and your spouse/ex-spouse has already claimed retirement benefits.
Married and divorced retirees are often entitled to spousal or divorce benefits, and a new year brings fresh changes to Social Security. Whether you're already collecting Social Security or plan ...
The Social Security Administration (SSA) calculates your benefit based on your highest 35 years of earnings — a zero is used for the years without earnings, which reduces your overall benefit.
Being divorced doesn't automatically take Social Security spousal benefits off the table. To be eligible, however, you need to have been married to your ex-spouse for 10 years or more.
One important aspect of it that married (and divorced) couples ought to know about is its spousal benefit, which can provide retirement income to both spouses based on only one of their work records.
According to the Social Security Administration (SSA), additional criteria to be eligible for divorced spouse benefits include to not be currently married; be divorced from a person who receives ...
Social Security is a complex program, and the rules of spousal benefits have the potential to be a bit confusing. Take the time to read up on how these benefits work so that you're able to make ...
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