It depends on the state where you married and the state where you resided. In a community property state, all property that is acquired during marriage - including retirement benefits - is community property and therefore upon legal separation, it is split 50/50..
In a common law state however, each spouse own his/her own income and property, so upon separation - what you earned is still yours.
retirement
Yes
retirement
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
No.
Yes you can choose to receive your monthly social security check in the mail if that is really what you want to do.
This would depend on the country in which you live. In the UK is you are going to retire, you can not claim the state retirement benefit early. If the pension is form an employer or private, that would depend on your pension/employment contract.
According to the Social Security Administration, the maximum benefit for a worker retiring at full retirement age is $2,116 per month in 2007. That is $25,392 per year. So the answer is yes. However, in order to receive that benefit, one must have had an annual income at or near the taxable maximum in the years leading up to retirement ($94,200 in 2006).
retirement ;)
Sure is.
Continuation Pay
Not normally, as full time employment would earn you more money than allowed with the amount of benefit received.
To get your full retirement benefit, you need to be 65 or older. That will be in the year 2040.
At her full retirement age your wife is entitled to an amount equal to half of what you are entitled to receive at your full retirement age. (If you're not the same age that full retirement age may not be the same age in years for both of you as it rises from 65 to 68 in the years to come) Benefits your wife receives neither increase nor decrease your retirement benefit from social security. What she gets doesn't change what you get. Your benefit is increased by the delayed retirement credit of 8%/year for each year you delay taking benefits after your full retirement age until age 70, but your wife's available retirement benefit does not change. (Neither of you should delay starting Medicare since that usually incurs a penalty.)
The exwife can get his full social security and him too. Basicly double payment one to each person.
Promises a specific monthly benefit as an exact dollar amount at retirement.