If you're divorced and were married for at least 10 years, you may be entitled to social security benefits based on your former spouse's earnings record. If your former spouse is still living Your divorced spouse benefits are based on 50% of your ex-spouse's benefit at full retirement age. You … [Read more...]
Effects of Divorce
I just read a really interesting article in the Journal of Financial Planning. After divorce, the income of each spouse falls. On average, the income of the woman declines by 27%. The average income of the man declines by about 10%. The stats for both parties are positively affected by the … [Read more...]