Social Security for Divorcees
You may be eligible to collect half of your ex-spouse's full retirement benefit.

For divorcees nearing retirement, time is of the essence to thoroughly analyze your financial readiness—and Social Security is often not given its due attention. It not only ensures a consistent income stream, but it is also somewhat customizable to individual circumstances.
Social Security benefits are far more complex than many people realize. But a financial planner who is well versed in the intricate rules and options can customize a claiming strategy based on individual circumstances such as health status, life expectancy, need for income and plans to continue working, among other factors.
Take for instance, the case of Peter and Sarah. The couple had been married for 26 years at the time of their divorce, and Peter had been the primary wage earner while they were together. Although the divorce settlement was amicable, Sarah was still worried about her retirement.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Early Retirement May Mean Reduced Benefits for Both Ex-Spouses
One issue that concerned Sarah was that Peter had decided to retire early, before his full retirement age of 66, which would mean a reduction in benefits for both of them. And while Sarah continued to work, after her living expenses, there was not much left to save toward retirement.
After speaking with her financial adviser, Sarah got some good news. She learned that divorcees are eligible for a benefit equal to one-half of their ex-spouses full retirement amount, as long as they start receiving benefits at their own full retirement age. So for Sarah, who just turned 66, this meant she was immediately eligible for the divorced spousal benefit. She could still continue to work and sock away even more for retirement savings. And this newfound source of monthly income would have no effect on Peter's benefits. Also, he would never even know that she was receiving a distribution.
Often-Overlooked Social Security Benefits
A divorcee is entitled to benefits based on his or her ex-spouse's employment when:
- the ex is eligible for Social Security retirement or disability benefits;
- the marriage lasted 10 years or longer;
- the divorcee remains unmarried;
- the divorcee is at least age 62; and
- the benefit that the divorcee is entitled to, based on his/her own wages, is less than the benefit he/she would receive based on the ex's.
Sarah also learned that just as retiring early will reduce your Social Security benefit, delaying retirement will increase it. With that understanding, she decided to continue working until age 70, at which point, she would begin drawing a benefit based on her own wage history, rather than Peter's, and also be entitled to the maximum delayed retirement credit.
Unwinding a marriage is widely considered among the most stressful life events one can experience (second only to the death of a spouse). And ensuring a comfortable retirement is arguably the most pressing financial concern of a lifetime. Navigating the intricacies of Social Security benefits is just one of the many ways a financial adviser can help.
Dana McLaughlin, CFP®, C(k)P®, is a Senior Wealth Advisor at Beirne Wealth Consulting, a SEC Registered Investment Adviser with approximately $2 billion in assets under management. She focuses on helping clients to ultimately achieve an overall sense of financial well being by articulating their most important personal goals and connecting those goals regularly with their financial life.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Dana McLaughlin, CFP®, C(k)P®, is a Senior Wealth Advisor at Beirne Wealth Consulting, a SEC Registered Investment Adviser with approximately $2 billion in assets under management. She focuses on helping clients to ultimately achieve an overall sense of financial well being by articulating their most important personal goals and connecting those goals regularly with their financial life.
About Beirne Wealth Consulting Services, LLC
Beirne Wealth Consulting Services, LLC ("BWC") is a growing, privately owned, SEC Registered Investment Advisor with about $2 billion in assets under management and more than 25 employees in Connecticut, Pennsylvania and Florida. BWC provides independent, fee-based investment management services and customized financial planning solutions. The firm's institutional business provides consulting expertise to defined benefit and defined contribution plans, endowments, foundations and non-profit organizations. Its private clients include high net-worth individuals and prominent families, many of whom bring complex wealth management challenges and multigenerational planning needs.
612 Wheelers Farms Road | Milford, CT 06461
Phone (203) 951-0306
Mobile (203) 954-9843
Fax (203) 701-8607
E-mail: dmclaughlin@beirnewealth.com
www.beirnewealth.com
LinkedIn
-
Small Businesses Are Racing to Use AI
The Kiplinger Letter Spurred on by competitive pressures, small businesses are racing to adopt AI. A recent snapshot shows the technology’s day-to-day uses.
-
The Me-First Rule of Retirement Spending
Follow the 'Me-First" rule and you won't have to worry about running out of money when the stock market goes south.
-
I'm a Financial Planner: Could Partial Retirement Be the Right Move for You?
Many Americans close to retirement are questioning whether they should take the full leap into retirement or continue to work part-time.
-
From Mortgages to Taxes to Estates: How to Prepare for Falling Interest Rates
As speculation grows that the Federal Reserve will soon start lowering interest rates, now is a good time to review your financial plans for housing, estate, taxes, investing and retirement to make the most of potential changes.
-
This Is How Lottery Winners Build Lasting Legacies, From a Financial Professional
Winning a massive lottery jackpot, like the recent $1.4 billion Powerball, requires seeking immediate legal and financial counsel, protecting your identity and winnings and planning your legacy.
-
I'm an Investment Strategist: This Is How the Fed's Next Rate Move Could Impact Your Wallet
Interest rate cuts might be coming, which could affect everything from your credit card debt to your mortgage. It's smart to prepare now — here's how.
-
I'm a Retirement Planner: These Are Three Common Tax Mistakes You Could Be Making With Your Investments
Don't pay more tax on your investments than you need to. You can keep more money in your pocket (or for retirement) by avoiding these three common mistakes.
-
Answers to Every Early Retiree's Questions This Year, From a Wealth Adviser
From how to retire in a crazy market to how much to withdraw and how to spend without feeling guilty, a financial pro shares the advice he's given this year.
-
I'm a Financial Adviser: You've Built Your Wealth, Now Make Sure Your Family Keeps It
The Great Wealth Transfer is well underway, yet too many families aren't ready. Here's how to bridge the generation gap that could threaten your legacy.
-
An Expert Guide to Outsmarting Inflation: Don't Let It Restrict Your Retirement
Inflation is often underestimated when estimating retirement income, education funding or investment returns. These strategies can help preserve your purchasing power and reduce your financial anxiety.