In: Accounting
9. Larry was married at the following ages and to the following wives. Larry is fully insured and is 62 and married to Dawn.
Wife |
Current Age |
Larry's Age at Marriage |
Current Marital Status |
Length of Marriage |
|
1 |
Alice |
62 |
20 |
Single |
10 years, 1 month |
2 |
Betty |
63 |
31 |
Single |
10 years, 1 month |
3 |
Claire |
64 |
42 |
Single |
9 years |
4 |
Dawn |
65 |
53 |
Married |
9 years |
Who among the former wives/wives may be eligible to receive Social Security retirement benefits on the basis of on Larry’s earnings if Larry is (1) retired, or (2) not retired?
1) Social security retiremnt benefit
a) acc to Bipartisan act 2015 spouse can claim benefits regardless of whether they have ever held paid jobs based on their partner record .To qualify ,the spouse with a work record must already be recieving or disability benefit and the non working spouse must be at least of age 62
2) Benefit for family members
if you are getting social security retirement benefits some memnber of your family may also get benefit including:
A) spouse age 62 or older
B) spouse youngr than 62 if they are taking care of a child entitled on your record who is younger than age of 16 or disabled
C) Former spouse if they are age 62 or older
Note : your divorced spouse can get benefit if the marriage lasted for more than or atleast 10 years .your divorced spouse must be 62 or older and unmaried.
Also your divorce wife can get benefit even if you are not retired . You both must must be at least 62 and divorced at least two years .
so if Larry Retire than
1) alice eligible
2) betty eligible
3) claire not eligible
4) dawn eligible
if decide not to retire
1) alice eligible
2) Betty eligible
3) clauire eligible
4) Dawnn eligible