What happens if you claim Social Security at 62?
Keep in mind that if you claim Social Security at 62, you’ll reduce your monthly benefit no matter whose earnings it’s based on. To get the maximum payment — 50% of theirs or 100% of your own – you’ll have to wait until you’ve reached your 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. …
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.
How many credits do I need to claim my ex spouse’s Social Security?
To claim on behalf of an ex-spouse, he or she needs to be eligible for Social Security. That means they must be at least 62 and have at least 40 work credits, which translates to 10 years of full-time work. You also need to be at least 62, regardless of whose record you’re using.
Can I claim my spouse’s Social Security if I divorce?
If your current spouse gets benefits based on your record, their payments won’t be impacted, either. Here are five rules you can’t afford not to know about Social Security benefits and divorce. Image Source: Getty Images. 1. You can claim on your record or your ex’s record — but not both.
Can I increase my unemployment benefits if I claim on my own record?
Claim before that and you’ll get less than half their benefit. If you’re claiming on your own record, you can increase your benefits by 8% for every year you delay past your FRA until you’re 70. But if you’re using your ex-spouse’s history, you won’t receive extra for holding out beyond your FRA.
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, …
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