Benefits News & Analysis
3 articles
Market Mood
Divorced Retirees Claiming Social Security Benefits in 2026
Divorced individuals may be eligible for Social Security benefits based on an ex-spouse's work record, provided the marriage lasted a minimum of 10 years. If the ex-spouse has not applied for benefits, there is a two-year wait period post-divorce before the benefit can be claimed. The maximum spousal benefit can reach up to half of the ex-spouse's full retirement age benefit, which is 67 for most workers today. This option can be significant for those whose ex-spouses had higher earnings throughout their careers.
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Social Security Income Reduction Affects 40% of Retirees Working
Approximately 40% of retirees continue to work while collecting Social Security benefits, according to Boston College's Center for Retirement Research. In 2026, retirees can earn up to $24,480 without impacting their benefits, but every $2 earned above this limit decreases benefits by $1. These reductions only apply to those who have not reached their full retirement age, set at 67 for those born in or after 1960. Although benefits may be reduced, the Social Security Administration recalculates future payments, potentially increasing them accordingly.
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Couple's Social Security Decision Impacts Monthly Benefits by $200
A couple revealed a significant oversight in their Social Security benefits, indicating that the wife could have received $200 more monthly had she optimally claimed half of her husband’s benefit. This scenario highlights the intricacies and potential pitfalls within the Social Security system, which can significantly affect retirees' financial stability. As millions of Americans approach retirement, understanding these benefits is crucial for financial planning. The potential shortfall could influence market behaviors as retirees navigate their financial strategies.
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