What Else Can Really Matter
With Social Security and Divorce

How you handle Social Security After Divorce Can Mean Up To $40,000 Difference If live til 90.

No Time Limit On Social Security Ex Effect Unless Remarry.

What Else Can Really Matter With Social Security and Divorce

Harlan Jacobsen. Copyright © 2009

Another thing you can do if you are drawing or about to draw on your own Social Security account between 65 and 70 (fully qualified retired SS age varies accoring to your birth date) you can withdraw from that and file on your ex's and may get more or less money but this action then allows yours to build up at an increase of 8% a year, to age 70.

Bottom Line says this can, by waiting until 70 to draw on your own Social Security, add up to an additional $52,800 income if you live to 90 and even significant $14,400 if just live to 80, instead of drawing on your account early.

Your author did this, waited til 70 to file, and draw any benefits, (now 80 and has been drawing hundreds of dollars extra (more) per month (since 70) and is already well ahead of the game, using Bottom Lines Figures.

However, was a gamble. If had died early would never gotten but the $200 burial allowance out of all of the thousands paid in during the lifetime.

The information here is to get you to be aware (know) you can draw on your ex's and file to hold off (even if you have started you can stop) drawing on your own account and thereby add 8% a year by holding off. (You even have the option to pay back (no interest) any years received between 62 and 70 if you stop) to further increase your future receipts.

If your receipts will be greater on your own account drawing with the new bigger (increased by waiting til 70) amount in full at age 70, you then switch off your ex's SS and go on your own account, which ever is more. If drawing on your Ex's account even after paying in without drawing til 70 then you are wasting your time increasing your own account.

If you already have started drawing you can chose to stop if do not particularly need the money, and increase it later by waiting, or best bet may be to draw it, deposit it (save) (have to pay taxes on it) and ..... if you live to 70, pay Social Security administration back with no interest and be advanced in amount by four years at 8% yearly increase added, a total 32% increase for the next 20 years if you live to 90.

Now, this all applies to increasing your pay out by waiting til 70 (or paying back amount drawn), as your author did, whether you have an ex account qualified to draw on or not. By paying back you drew income that might have been lost if you had died early, and had access to it, but yet were here able to take advantage of the advance in income obtainable with the age 70 pay back time.

Not a tax expert but you are welcome to contact me if I did not explain well.

Better yet, take it up with Social Security.

You can get information or file forms at at www.ssa.gov or by calling 800-772-1213.

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Harlan's NEW "Help Sites" for Hard Times

A "Laid off" site that is called "Laid off, go here" and an online support group, "Laid off talk here"site for the "surprise your unemployed" pink slip recipients. For those who can not find a job and decide to become self employed, a site called "hiredmyself".

To keep informed on recession trends, a directory of maps and graphs, where unemployment is, and where the jobs are etc. called of course, Recession Maps and Graphs. A one look view of whats happening.

Harlan was diagnosed with Diabetes, and obesity, over four years ago, and spent four years, researching both, now publishes his finding "what works" in a newspaper and a web site called "Diabetes Cure 101 and the Obesity fix at YB Fat 101.

Also wound up with a lot of research that uncovered Longevity Steps and puts that all up to pass along to you in "Outlive Your doctor" web site. Harlan is now over 80 and in excellent health, if that helps. The key to both Harlan found is a switch in what you eat, and this site explaining that is called "the ancestors diet."