Approximately 50% of today’s marriages, unfortunately, end in divorce. But what happens to the Social Security Benefits for the divorced parties? Are they lost? Can both parties still be entitled and eligible for benefits? These and other questions are addressed in the April 21, 2017, article by Michael Kitces published in Financial Planning.
The spousal Social Security benefit is not only available to married couples. Divorcees may be able to claim ex-spouse’s spousal benefit first and later switching to the individual’s own retirement benefit. But how is this done? If I am 55 can I receive benefits? My ex-spouse is not retirement age, does that affect me? The April 21, 2017 article by Michael Kitces published in Financial Planning answers the questions:
(As individual situations vary, the information presented here should only be relied upon when coordinated with individual professional advice. Neither FSC Securities Corporation, nor its registered representatives, provide tax or legal advice.