Divorced? Know the Social Security Rules
Maurie Backman notes it’s a blunder that could really cost you. If you worked and paid into Social Security for at least 10 years, then you’re entitled to a monthly benefit as early as 62. You might also know that even if you never worked, but your spouse did, you can generally claim Social Security in the form of a spousal benefit. But spousal benefits aren’t just for married folks. You may be entitled if you’re divorced. And going after a spousal benefit could result in a higher monthly income than what you would get from Social Security based on your own earnings record. Full article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.