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Old 07-29-2014, 01:52 PM
 
197 posts, read 161,362 times
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I have been stalking this site for months and am impressed by the financial insights provided.

My ex husband ( an economist) did much of the long term planning and so after my January divorce when I

concurrently became eligible for medicare I had a steep learning curve ahead of me to educate myself as

to how to maximize my financial security.

I have a question about my eligibility for spousal support and the timing involved in claiming it.

Yes, I have a financial advisor but she does not appear to be as knowledgeable about SS questions as many contributors to this forum. Hence I am timidly making my first post.
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Old 07-29-2014, 01:56 PM
 
Location: in the miseries
3,302 posts, read 3,587,787 times
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If you are 66 you can claim on his ss as long as you have been married 10 years.
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Old 07-29-2014, 02:32 PM
 
197 posts, read 161,362 times
Reputation: 1122
Default Part 2 of Divorced and facing SS in same month. Enlightenment sought.

Oh dear. I did warn that I"m a newbie. I seem to have prematurely posted!

Some facts about my situation to provide a context for my spousal support question:-

I will be 66 in January 2015 and am currently employed PT in a 9 month contract at a monthly gross income of $3,000. So $ 27,000 annual income.

I intend to work for 2 more years ( until 67; the summer of 2016)

Until Dec 2016 I am receiving $3,000 alimony monthly

I have no debt and own a home

Currently my traditional IRA accounts are valued at $ 950,000.Hopefully 1m when I finish work in 2016

I have no private pension

My ex husband does not intend to claim SS at his FRA of 66 in June 2015. He is maxed out and should receive $2,500 I believe at that time. He plans to claim in 2017.

I wish to claim spousal support which will be more that the SS I am entitled to in my own right ( probably $900)

My questions are as follows: first, may I claim spousal support in January 2015 when I am FRA even though

my husband will be only 65.5 and not yet claiming benefits.; second, if the answer is in the affirmative,

is it possible to claim spousal benefit and claim and suspend my own SS until 70 or at least for a couple

more years by which time it will grow? I plan to remarry within the next few years ( yes, I have

someone in mind!) I know that I will lose

spousal support at that time but it would allow my SS to grow for a couple more years at least: third, is

there any good reason that I should not claim SS benefit at all while I am working for the next 2

years as I do not need the income and will just pay more tax?

Any insights or comments will be gratefully and humbly received!
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Old 07-29-2014, 02:56 PM
 
Location: Northern panhandle WV
3,007 posts, read 2,180,393 times
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First of all you must have been married ten full years to your Ex, then you must wait two years from the date of the divorce to file on his record.
It does not matter if he has filed or not as long as he is elegible to file.
you can claim spousal benefit and let your own accumulate as long as you do it Full retirement age probably 66 for you.

Also since you are over 60 if you remarry you do not lose your spousal benefit.
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Old 07-29-2014, 06:33 PM
 
Location: Central Massachusetts
4,800 posts, read 4,861,663 times
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Quote:
Originally Posted by ukgirl49 View Post
Oh dear. I did warn that I"m a newbie. ...


more years by which time it will grow? I plan to remarry within the next few years ( yes, I have

someone in mind!) I know that I will lose

spousal support at that time but it would allow my SS to grow for a couple more years at least: third, is

there any good reason that I should not claim SS benefit at all while I am working for the next 2

years as I do not need the income and will just pay more tax?

Any insights or comments will be gratefully and humbly received!

No problem on the first we have all done something similar.

As for the second highlight I believe if you wait until 70 to remarry or an age later you can continue to collect on ex SS. Someone might enlighten here. I am pretty sure I saw that in here on one of the posts.
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Old 07-29-2014, 07:06 PM
 
Location: Baltimore, MD
3,746 posts, read 4,227,384 times
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Quote:
Originally Posted by arwenmark View Post
First of all you must have been married ten full years to your Ex, then you must wait two years from the date of the divorce to file on his record.
It does not matter if he has filed or not as long as he is elegible to file.
you can claim spousal benefit and let your own accumulate as long as you do it Full retirement age probably 66 for you.

Also since you are over 60 if you remarry you do not lose your spousal benefit.
She will lose the spousal benefit upon remarriage. She will not lose the Survivor benefit.
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Old 07-30-2014, 12:14 PM
 
Location: Northern panhandle WV
3,007 posts, read 2,180,393 times
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Quote:
Originally Posted by lenora View Post
She will lose the spousal benefit upon remarriage. She will not lose the Survivor benefit.
Ah yes, guess I was thinking survivor for some unknown reason.
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Old 07-30-2014, 12:52 PM
 
197 posts, read 161,362 times
Reputation: 1122
Survivor benefit? Surviving a failed marriage? My ex is certainly alive and well!

How is survivor benefit calculated and is it in addition to my own SS?
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Old 07-30-2014, 12:57 PM
 
197 posts, read 161,362 times
Reputation: 1122
I think I misread the previous 2 posts.

I could hardly be eligible for survival benefit. I am disconcerted to read that I need to wait 2 years after divorce to file for spousal benefit
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Old 07-30-2014, 01:27 PM
 
Location: Orlando
2,013 posts, read 2,652,087 times
Reputation: 7696
Here. Best to get it from the actual source.

Retirement Planner: If You Are Divorced
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