Benefits for Divorced Spouses–A Generally Misunderstood Part of Social Security
The Motley Fool’s Katie Brockman, in a post today on their website, notes that the 2023 Nationwide Retirement Institute survey uncovered a general lack of understanding about the benefits available to eligible divorced spouses. As a result, it’s possible that many eligible beneficiaries are not taking advantage of these substantial monthly benefits, even if they are eligible. In her article, Ms. Brockman covers the basic rules that determine eligibility as well as the amounts available on a former spouse’s work record, as well as the importance of maximizing the benefit vie attainment of full retirement age. Check out Ms. Brockman’s post here, and if you still have questions, remember that the AMAC Foundation’s Social Security Advisory Service is available to you free of charge to answer specific questions about your individual situation. Learn more about this service here.