As ‘gray divorce’ has become more and more common for Baby Boomers, Social Security has become increasingly relevant. While Social Security can present a confusing array of choices for most retirees, the landscape becomes even more complex for divorcees. When it comes to divorce, some of the decisions you make today might impact your Social Security benefits down the road.

A common divorce question is: “Should we pay off our credit cards before we get divorced, or include our credit card bills as part of the divorce settlement?” If credit card bills are significant enough to warrant this question, you should consider making their payoff a priority. Here are five reasons why.

One of the biggest challenges a divorcing couple faces is the equitable distribution of their property. In other words, answering the question, “Who gets what?”. For business owners, this includes the business they own together. Sometimes, the business might represent a vast majority of their overall net worth.

One of the most overlooked aspects of divorce, particularly for parents, is the impact that divorce can have on personal finances. Since one of the benefits of marriage is being able to consolidate living expenses, it makes sense that in most cases, divorced couples experience the opposite—paying more to maintain the same standard of living.

Dividing assets is one of the most difficult things to do when getting a divorce. Having to figure out who gets what can create additional stress, adding to the emotional roller coaster ride you’re already on. And when you’re stressed, it’s easy to make mistakes.

One of the best ways (other than filing a joint return) to lower your tax bill is to file as a head of household. However, not everyone can qualify for head of household status. This article aims to explore a little more about head of household status, so you can determine whether this is an option for you.