Social Security for Divorcees for A.O. Smith Employees

Divorce can bring with it a unique series of financial challenges. Luckily, for our A.O. Smith employees who are going through this and were married for 10 years or more, you can still receive benefits through your ex-spouse, even if they’ve remarried. 

'The Social Security Administration allows you to keep the benefits based on your ex’s income if you remarry after age 60.'

To take advantage of this benefit, you must meet some key criteria. You must be at least 62 years old. You must have an ex-spouse who is eligible to receive social security. You must be entitled to a smaller benefit on your own than what you would receive through your ex-spouse. 

For our A.O. Smith clients who are under 60, you must be currently single to receive an ex-spouse’s benefits. For our clients from A.O. Smith who are 60 or older and want to remarry, go for it. The Social Security Administration allows you to keep the benefits based on your ex’s income if you remarry after age 60.

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Now, let’s talk quantity. The amount of money you’re entitled to varies depending on the average amount your ex earned over a 35-year period. In general, your benefit is equal to half of your ex-spouse’s full retirement amount. If your ex-spouse qualifies for benefits but hasn’t claimed them yet, don’t worry. You can still receive spousal benefits if you have been divorced for at least two years, and your ex hasn’t begun to draw Social Security. 

While these are some of the more important aspects of Social Security for divorcees, the interplay between various Social Security rules is complex and often confusing. It’s important for our A.O. Smith clients who are going through this to consider all of their options carefully.