Are you divorced and wondering about spousal Social Security benefits in retirement? David shares all the key details about who is eligible and what these benefits look like on today’s podcast.
Unfortunately, divorce is a reality to many people, which causes a lot of stress and details to sort through. When you are together, you each have Social Security and then when one spouse passes away, the other spouse gets the higher Social Security amount. But how does it work with divorce? On today’s podcast, David talks through what this could entail.
How would you qualify for a Social Security of an ex-spouse? You had to have been married for at least ten years, divorced for over two years, both over 62 years old, and preferably, of full retirement age. You cannot be remarried and still claim an ex-spouse’s Social Security benefits.
If you do qualify, how much are you entitled to claim? What variables need to be taken into consideration? What happens if you’ve been married and divorced a few different times? And just who can claim the benefits?
What happens if your ex-spouse is still working but you qualify and are ready to start claiming the monthly benefit? The good news is, they do not need to be claiming Social Security in order for you to do so. They will not know you are claiming the benefit based on their work record, and it does not impact the dollar amount of their benefit. But what if your ex-spouse has died?
Finally, what is the application process like through Social Security? What information do you need? David shares how he helps implement this money into your financial plan. If there’s somebody you can think of who might also benefit from this information and maybe doesn’t otherwise realize that they can receive this Social Security benefit, be sure to pass this along.
“In most of the periodicals that you read, that’s the Baby Boomers biggest fear: running out of money.”
– David Dickens
CONTACT US
OUR LOCATION
10975 Grandview Drive
Building 27, Suite 190
Overland Park, KS 66210
Get Directions
CONTACT US
OUR LOCATION
10975 Grandview Drive
Building 27, Suite 190
Overland Park, KS 66210
Get Directions
We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.
Advisory Services offered through CreativeOne Wealth, LLC an Investment Advisor.
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. None of the information contained on this website shall constitute an offer to sell or solicit any offer to buy a security or any insurance product.
Any references to protection benefits or steady and reliable income streams on this website refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured. Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice.
The information and opinions contained in any of the material requested from this website are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.