Monday, November 26, 2012

Baby Boomer Facts about Social Security, Divorce and Death

Today on my Boomer Beat Radio Show, my guest (a retirement financial planner) told me something I was unaware of. He said if I divorced and never remarried, I would be entitled to the social security benefits of my ex upon his death.

Furthermore, according to the Social Security Administration website, if you are divorced, but your marriage lasted 10 years or longer, you can receive benefits on your ex-spouse's record (even if he or she has REMARRIED) if:

You are unmarried;
You are age 62 or older;
Your ex-spouse is entitled to Social Security retirement or disability benefits and the benefit you are entitled to receive based on your own work is less than the benefit you would receive based on your ex-spouse's work.

And that's not all......if you remarry and that marriage ends by death, divorce or annulment you may still collect SS benefits from your ex.

To learn more about ex spouses and social security, check out this retirement blog