May 22, 2013

Social Security Benefits for Singles and the Divorced

"...it's important for almost everyone to understand Social Security's treatment of single people and how single people can take Social Security's best deal...

If you are single and divorced and were married for 10 years, both you and your ex are entitled to a pair of benefits: survivor benefits and spousal benefits. Both are based on the other's covered earnings record. For example, you can both wait until 70 to take your own retirement benefits, but each of you, upon reaching full retirement age, can apply just for a spousal benefit and thereby receive half of your ex's full retirement benefit..."

Read more at PBS NewsHour

Related Posts Plugin for WordPress, Blogger...