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Social Security for Divorced Spouses - CNBC
“Your ex is worth twice as much dead than alive” proclaims one Social Security pundit, and guess what? That is true. Although there are specific criteria which must be met for a divorced spouse to be eligible for benefits from an ex, the reality is that while both are living, only 50% of your ex’s Social Security benefit is available. Contrast that to what happens if your ex dies, when your benefit as a divorced spouse can be as much as 100% of the ex’s Social Security benefit. There are rules, of course, but surviving spouse benefits are, indeed, more lucrative than normal benefits when both ex-spouses are living.
That’s not really unique to divorced spouses – the same formula applies to a married couple. But this CNBC article focuses on “Women & Wealth” and specifically discusses how Social Security benefits work for divorced spouses. Click here to read the CNBC article by Greg Iacurci.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…