What happens if you claim Social Security at 62?
Keep in mind that if you claim Social Security at 62, you’ll reducemonthly benefit no matter whose earnings it’s based on. To get the maximum payment — 50% of theirs or 100% of own – you’ll have to wait until you’ve reached FRA. Claim before that and you’ll get less than half their benefit.
How much can I claim on my ex-husband’s insurance?
You can claim up to 50% of your ex-spouse’s primary insurance amount. That’s the amount they’re eligible for once they reach full retirement age, or FRA, which is between 66 and 67. If your ex-spouse is deceased, you may qualify for survivors benefits of up to 100%, though the rules for surviving divorced spouses are different. …
Who is Robin Hartill?
Robin Hartill is a Florida-based personal finance writer and editor, and a CERTIFIED FINANCIAL PLANNER.? She is a graduate of the University of Florida. Love and marriage don’t always work out. But even if your marriage ended in divorce long ago, here’s a piece of good news: You may be able to get more Social Security by taking benefits based on …
Can I get Social Security if my ex-wife is divorced?
But even if your marriage ended in divorce long ago, here’s a piece of good news: You may be able to get more Social Security by taking benefits based on your ex-spouse’s work record instead of your own . You can claim up to 50% of your ex-spouse’s primary insurance amount. That’s the amount they’re eligible for once they reach full retirement age, …
How much of my ex’s Social Security benefits are used?
If your own benefit is less than 50% of your ex’s, Social Security uses your benefit and then taps your former spouse’s record to make up the difference. You can contact your local Social Security office to find out how much you could get based on their record.
Can I claim Social Security based on my ex’s earnings?
Claiming Social Security based on a former spouse’s record has zero impact on their benefits. So if you’re the former spouse whose ex could get more based on your earnings, don’t worry — you’ll still get your full monthly payments. If your current spouse gets benefits based on your record, their payments won’t be impacted, either.
How long do you have to be married to collect Social Security?
Should you remarry, you’ll need to notify Social Security, which will terminate your benefits — unless the person you’re marrying is your ex-spouse. Otherwise, you can collect on your new spouse’s history, rather than your ex’s, once you’ve been married for at least a year. 3. Both of you must be at least 62.
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