Description

In this episode, I discuss the key facts that you need to know about Social Security benefits after divorce.

More specifically, I discuss:

• What are the requirements to receive Social Security benefits based on an ex-spouse's record?
• How much can you receive as a former spouse?
• What if your ex-spouse dies before or after you begin receiving Social Security benefits?
• Can you start collecting an ex-spousal benefit if your ex is not taking Social Security yet?
• What happens to Social Security benefits if you remarry?
• Does the Social Security annual earnings test apply to benefits you receive as a former spouse or survivor?

Resources mentioned can be found in the show notes at https://retiredishpodcast.com/22

Key moments in this episode are:

00:01:13 - Common Concerns for Divorced Spouses

00:03:29 - Eligibility for Ex-Spousal Benefits

00:06:09 - Collecting Ex-Spousal Benefits

00:08:33 - Considerations for Collecting Benefits

00:15:56 - Consultation with a Qualified Professional

00:16:02 - Considerations for Traditional IRA to Roth IRA Conversion

00:16:25 - Investment Risks and Guarantees