What is a PIA?
The PIA is the benefit amount they would receive at their full retirement age. 4. If you collect benefits based onex-spouse’s record, it does not reduce the amount ex-spouse receives. It also does not impact their current spouse, if they have one.
How much Social Security can I get from my ex-husband?
The maximum amount of Social Security benefits you can receive based on an ex-spouse’s record is 50% of what your ex-spouse would get at their full retirement age. This varies based on their year of birth. The spousal benefit amount is further decreased if you file before you reach your own full retirement age. 3.
When can I switch to my own retirement?
When you reach age 70, you can switch to your own benefit amount if that’s larger than the ex-spousal amount. This option is not available if you file before you reach your full retirement age or if you were born on or after January 2, 1954. 5.
Who is Dana Anspach?
Social Security Benefits for an Ex-Spouse. Dana Anspach is a Certified Financial Planner and an expert on investing and retirement planning. She is the founder and CEO of Sensible Money, a fee-only financial planning and investment firm. David Kindness is an accounting, tax and finance expert.
Can I collect Social Security if I have not remarried?
If you are age 62 or older, have a past marriage that lasted at least 10 years, and have not remarried, you might be able to collect Social Security benefits based on your former spouse’s earnings record. If you have not had a lot of qualifying earnings during your life, this rule could put more money in your pocket. 1.
How old do you have to be to get a disability?
If you are disabled, and your ex-spouse has died, you can begin receiving survivors benefits if you’re between the ages of 50 and 59. Your disability also must have started before or within seven years of your ex’s death. The rules vary slightly when it comes to children. If you are caring for a child who is under age 16 or disabled, …
When can I apply for survivors benefits?
These follow different rules than those for a living ex-spouse. You can apply for benefits as early as age 60. If you remarry after you reach age 60, or age 50 if you are disabled, you will still be able to claim these benefits. If you are disabled, and your ex-spouse has died, you can begin receiving survivors benefits if you’re between …
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