DIVORCED? YOU MAY WANT TO INVESTIGATE SPOUSAL BENEFITS. If you weren’t the top wage earner in your marriage, or your job was raising the children, then Social Security’s spousal benefit could prove advantageous. It provides the lower-earning spouse with 50 percent of the higher-earning spouse’s benefit at full retirement age, even if you’re no longer married. AARP.org explained:

“Social Security operates with a philosophy that a divorced person may deserve a personal benefit, having been the long-term partner and helpmate of a member of the workforce. The benefit is similar, in fact, to the spousal benefit that is available to a person who is still married.”

To qualify, you do have to answer ‘yes’ to a significant list of requirements:

• You were married for at least 10 years
• You are unmarried now
• You are age 62 or older
• Your ex-spouse is entitled to Social Security benefits
• The benefit you qualify to receive, based on your work, is less than the benefit your ex-spouse qualifies to receive

There are other factors that could affect your application for spousal benefits, including whether your ex-spouse has begun taking benefits. If you are divorced or are thinking about divorce and would like to learn more, call us or visit www.ssa.gov.

Weekly Focus – Think About It

“My mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style.”

–Maya Angelou, American poet

Sources:

https://www.ssa.gov/planners/retire/divspouse.html

http://www.aarp.org/work/social-security/info-2016/divorced-social-security-benefits.html

https://www.brainyquote.com/quotes/quotes/m/mayaangelo634520.html?src=t_compassion

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