Monthly Archives: September 2015

The Social Security Administration (SSA) states that your Social Security funds have protection from debt collectors who can garnish or levy funds in your bank account to collect on their judgments. According to Federal regulations effective May 1, 2011, your bank must protect your Social Security direct deposit benefits for the last two-months. If your account has more than two-months’ worth of benefits, your bank can freeze the extra-funds. Continue reading →

Social Security Benefits for Divorced Spouses
Social Security regulations state that a divorced spouse may qualify for the same spousal benefits as a married spouse. There are three requirements that make ex-spouses eligible to collect on their former spouses work records:
1. You must be at least 62-years old
2. You must be single
3. The marriage to your former spouse must have been for at least 10-years.
What’s important to keep in mind, is that you collecting Social Security retirement benefits on your former spouses work record does not affect the current spouse and their children.

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