How getting married can mess up your Social Security

  • CNBC | by: Lorie Konish |
  • 01/27/2018
You may want to rethink that second walk down the aisle if you are approaching retirement, and counting on income from Social Security.

If you're eligible to collect benefits on your ex-spouse's record, you will no longer be eligible for those benefits if you remarry.

That rule, plus others, is one of the reasons financial advisors like Stacy Francis, president and CEO of Francis Financial in New York City, sit down with savers to plot out a careful strategy when it comes to claiming Social Security.

Knowing these strategies becomes more important with the rise of gray divorce. The divorce rate for adults age 50 and over has nearly doubled in the past 25 years, according to data from the U.S. Census Bureau.

To be eligible to claim on your ex-spouse's Social Security benefits, whereby you receive half of their benefit amount, you must have been married at least 10 years and be at least 62 years of age.

Comments

Privacy Policy

How getting married can mess up your Social Security is dedicated to protecting consumer privacy on the Internet. Our practices are consistent with privacy guidelines established by eTrust.com.

How getting married can mess up your Social Security does not require any personal information to obtain access to our website.

How getting married can mess up your Social Security does require limited personal information including name and mailing address from individuals wishing to join as members. Additional information such as e-mail address and phone number may also be requested in order that we may contact members in a timely manner on issues related to our mission.

You will only receive e-mail from us if you request to be added to our e-mail list. You may revise or remove your e-mail address from our files at any time.

How getting married can mess up your Social Security uses "cookie" technology to obtain non-personal information from our online visitors, such as browser/computer type, number of visitors, and site usage. We do not use cookies to extract personal information.

Our website contains links to other sites, but How getting married can mess up your Social Security does not necessarily advocate, support or condone the privacy practices or content of these websites.

How getting married can mess up your Social Security makes all information received from our online visitors as secure as possible against unauthorized access and use. All information is protected by state-of-the-art security technology.

How getting married can mess up your Social Security respects the individual privacy rights and concerns of visitors to our website. We support meaningful self-regulation of the Internet to ensure that responsible organizations maintain the right to use all communications media to interact with the public.