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7 Divorce-Related Considerations About Social Security

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.

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The Impacts of Divorce on Child-Related Tax Benefits

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.