With respect to Social Security, the timing of a divorce can greatly affect your financial status. The magic number to qualify for benefits on an ex-spouse's work record is 10. In other words, if you were married at least 10 years and don't remarry, you can qualify for benefits on your ex-spouse's earnings when you both reach age 62. You will receive the higher of benefits based on your own work history or half of your ex-spouse's benefit, regardless of whether or not he or she has remarried. An unmarried divorced spouse may be entitled to benefits starting at age 62 if he or she was married for at least 10 years to a worker covered by Social Security who is at least age 62 (whether retired or not) or receiving Social Security disability benefits. For more information see "Marriage, Divorce, and Name Changes" at www.ssa.gov/gethelp1.htm. We would like your feedback on this Personal Finance Frequently Asked Question.

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