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01-17-2014, 01:37 AM
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#1
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Full time employment: Posting here.
Join Date: Dec 2005
Posts: 567
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Social Security
1/15/14 was my last work day. I am 65 so too old for early retirement. Applied for Medicare part B today.
I am divorced, I was married more than 10 years. I went to SS office twice now and got different answers. First one said I couldn't apply on my ex's record until I turned 66 in April. Today they said I can apply on my own record 3 months before 66 then convert to his.
So I have no income now and don't know what to do to apply. I have my marriage license and birth certificate, W2, final pay stub need to gather divorce degree.
I made pretty good money so mine might be/probably will be higher than his. If I take on his mine can grow to age 70.
I don't really need income I have money in the bank to last a few months and can sell investments but I would like some income.
What do I do now?
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01-17-2014, 05:36 AM
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#2
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Full time employment: Posting here.
Join Date: Jul 2011
Posts: 723
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If yours will be higher then it makes sense to apply for spousal at 66 and then switch to your own at 70 to maximize your lifetime benefit... assuming you have a long life expectancy.
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01-17-2014, 05:37 AM
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#3
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Full time employment: Posting here.
Join Date: May 2007
Posts: 883
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First of all I'm no expert on SS. However, I have a suggestion on the conflicting advice (assuming this came from 2 different people): arrange a meeting with both of them together.
__________________
"It is better to have a permanent income than to be fascinating". Oscar Wilde
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01-17-2014, 06:49 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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The more I learn about Social Security, the more I think it is the most tangled, complex thing I have ever come across.
I've repeatedly heard good things about this site, which customizes a plan for you to maximize your SS benefits:
Social Security Solutions
I believe they charge a bit, but it may be worth it.
__________________
And if I claim to be a wise man, it surely means that I don't know.
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01-17-2014, 07:33 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by Onward
The more I learn about Social Security, the more I think it is the most tangled, complex thing I have ever come across.............
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Yea, but these new programs always take a while to iron out the kinks.
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01-17-2014, 07:36 AM
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#6
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Recycles dryer sheets
Join Date: Aug 2005
Posts: 380
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This is a great series of articles that have been running on PBS: On the QT: A Few More Social Security Secrets | PBS NewsHour
If you read Item number 36, you will see that what you do depends on the age of your ex-spouse. If you could afford it, waiting until your Full Retirement Age, whatever that is would be desirable.
The folks who are writing these articles say that the chance of getting accurate answers at a SS office is much less than 100%.
__________________
Retired -- 2001
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01-17-2014, 09:28 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by Onward
The more I learn about Social Security, the more I think it is the most tangled, complex thing I have ever come across...
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I still have a few years to even be able to claim early. Still, I have learned quite a bit from this forum and from the links that people posted.
I have scanned through the posted links that I came across, but have to bookmark them to come back to when I get to that age. If people here who can manage their own finance are having problems with SS, I wonder what the Joe and Jane Blows could do.
Additionally, private Web sites explain the intricacies far better than the SS dot gov site, which I often find not mentioning some of the obscure rules at all. Or perhaps they hide them so well in some nooks and crannies that a casual visitor to the site would have no chance of finding it.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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01-17-2014, 09:53 AM
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#9
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Quote:
Originally Posted by old woman
1/15/14 was my last work day. I am 65 so too old for early retirement. Applied for Medicare part B today.
.
So I have no income now and don't know what to do to apply. I have my marriage license and birth certificate, W2, final pay stub need to gather divorce degree.
What do I do now?
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Make an appointment at local SS office .If he remarried you may need date of marriage and wife's name .You do not need the divorce decree just the date .Congratulations on retirement !
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01-17-2014, 02:02 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2009
Posts: 5,308
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I am not sure that you would want to apply now, since I think if you take spousal before your full retirement age, then if your benefits were higher you would get your benefits. If you are FRA, though, I think you can apply for spousal ONLY and get half of his and then let your own grow to age 70.
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01-17-2014, 02:10 PM
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#11
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,346
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Quote:
Originally Posted by Katsmeow
I am not sure that you would want to apply now, since I think if you take spousal before your full retirement age, then if your benefits were higher you would get your benefits. If you are FRA, though, I think you can apply for spousal ONLY and get half of his and then let your own grow to age 70.
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AFAIK, that is exactly right.
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01-17-2014, 02:24 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,255
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Quote:
Originally Posted by Katsmeow
I am not sure that you would want to apply now, since I think if you take spousal before your full retirement age, then if your benefits were higher you would get your benefits. If you are FRA, though, I think you can apply for spousal ONLY and get half of his and then let your own grow to age 70.
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That is also my understanding. But, I have also heard that if the spouse applies for SS before FRA, then you can also apply for spousal benefits even if you are not FRA. But, I am not certain of this.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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01-17-2014, 02:35 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2009
Posts: 5,308
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I believe you are correct that you can apply for spousal even if not full retirement age. (I'm not sure either). However, that doesn't mean it is a good idea to do it. I believe that if you apply for spousal before your FRA you will receive the higher of the spousal benefit amount or your own benefit. That is, if you are not at FRA you can't get spousal while letting yours continue to grow. So, if you want to get spousal and let yours grow, I think you have to wait to your own FRA. Of course, if you need the benefit before FRA then you may not be able to wait.
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01-17-2014, 04:16 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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__________________
And if I claim to be a wise man, it surely means that I don't know.
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01-17-2014, 05:46 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,888
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Quote:
Originally Posted by Onward
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+1 and a with maybe some thrown in! In any case, good one.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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01-17-2014, 06:43 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,844
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Quote:
Originally Posted by old woman
1/15/14 was my last work day. I am 65 so too old for early retirement. Applied for Medicare part B today.
I am divorced, I was married more than 10 years. I went to SS office twice now and got different answers. First one said I couldn't apply on my ex's record until I turned 66 in April. Today they said I can apply on my own record 3 months before 66 then convert to his.
So I have no income now and don't know what to do to apply. I have my marriage license and birth certificate, W2, final pay stub need to gather divorce degree.
I made pretty good money so mine might be/probably will be higher than his. If I take on his mine can grow to age 70.
I don't really need income I have money in the bank to last a few months and can sell investments but I would like some income.
What do I do now?
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Based on what I have looked at and all the books I have read recently on Social Security, you should defer filing for Social Security until age 66 so you can continue to build on your own benefit to age 70. At Age 66 you will get the spousal benefit which will be 1/2 of your spouses normal Social Security. At age 70 you file for yours, this is very advantageous for you overall and I think as long as you can afford to wait to age 70 to claim yours you should.
__________________
But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
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01-17-2014, 10:26 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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Quote:
Originally Posted by SteveL
The folks who are writing these articles say that the chance of getting accurate answers at a SS office is much less than 100%.
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Quote:
Originally Posted by SteveL
My suggestion is that you collect the documents and make copies of them, because you have to send them in. Then call the 800 number. Ignore the yokels at your local office.
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I can't find the article right now, but as I remember calling the 800 number will get you a correct answer something like 65% of the time. And that's after they've worked to improve the process. I suspect the local yokels are probably equally as accurate.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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01-18-2014, 09:00 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Quote:
Originally Posted by old woman
1/15/14 was my last work day. I am 65 so too old for early retirement. Applied for Medicare part B today.
I am divorced, I was married more than 10 years. I went to SS office twice now and got different answers. First one said I couldn't apply on my ex's record until I turned 66 in April. Today they said I can apply on my own record 3 months before 66 then convert to his.
So I have no income now and don't know what to do to apply. I have my marriage license and birth certificate, W2, final pay stub need to gather divorce degree.
I made pretty good money so mine might be/probably will be higher than his. If I take on his mine can grow to age 70.
I don't really need income I have money in the bank to last a few months and can sell investments but I would like some income.
What do I do now?
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I found this information:
Quote:
1. If You Are Divorced – Your Social Security Benefits
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).
You must also meet the following criteria:
- You are currently unmarried.
- You are at least age 62.
(There are exceptions to the criteria above if your ex-spouse is deceased.)
If you collect benefits based on your ex-spouse’s record, it will not reduce or affect their benefit in any way.
If your ex-spouse has not applied for retirement benefits, but can qualify for them, you may still apply as long as you meet the other criteria, and have been divorced for at least two years.
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More details here: Social Security Benefits And Divorce
I would suggest looking at taking spousal benefits as above and delaying filing for your own benefits until 70.
I also recommend setting up an appointment to discuss this at your local SS office. I found that when you sit down with them face-to-face (not at the window with the bullet-proof glass), they are more helpful and knowledgeable.
I do not know how co-operative your ex has to be. If Congress has any brains (they write the laws, not SS), they do not require any.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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01-18-2014, 09:10 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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And this:
Quote:
5. When Are You Entitled To A Divorced Spouse’s Social Security Benefit?You must be age 62. (If your ex-spouse is deceased, you may be eligible at age 60.)
Your ex- spouse must be entitled to receive social security benefits, but if they have not applied for retirement benefits, but can qualify for them, you may still apply on their earnings record as long as you meet the other eligibility criteria, and have been divorced for at least two years.
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__________________
I have outlived most of the people I don't like and I am working on the rest.
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01-19-2014, 03:48 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,844
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Quote:
If you file for social security benefits before you reach full retirement age, your options will be limited. For example, if you file early, social security automatically gives you the larger of your own benefit, or a spousal (or ex-spousal) benefit. If you file early, you cannot take an ex-spouse benefit and then switch to your own benefit when you reach full retirement age.
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Again do not file early unless you want to claim yours. It is almost certain that your full benefit will be larger than 1/2 your ex's benefit. By filing early you are claiming your social security and they give you 1/2 of your ex's only if it is larger. This is probably a very very very bad monetary decision in the long run.
__________________
But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
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