See you never and hallelujah are usually what people have to say after a divorce. After all, you wanted out of the marriage for a reason right? The question is – what kind of impact will getting a divorce in Michigan have on your retirement?
When it comes down to richer or poorer and spousal benefits in the state of Michigan, it all boils down to how long you were married. If you were married for more than 10 years, you may be entitled to benefits.
First of all, you can claim the best social security benefits. If you and your spouse lasted for more than a decade, you can choose between your benefits and your spouses. Basically, this means you can pick the better and higher amount when you are ready to retire. This is assuming you also got a divorce within two years of the time you had planned on retiring.
You can claim both of your benefits. No, this does not mean you can claim them both at the same time. But, you could let your retirement benefits grow. For example, if you are 66, your benefits will be a lot higher when you turn 70. You can collect on your spouse’s benefits until you turn 70 and then switch to collecting on yours.
You also do not have to wait for your spouse. Waiting for your spouse is probably one of the many reasons why you ended it. You do not have to wait for him or her to file for social security in order for you to do the same. Just file and you will receive information about the benefits so you can make the best decision for you. You are an individual person now, but because of the marriage – you are entitled to benefits.