It is often said that “half of marriages end in divorce.” So how do you navigate the choppy waters of divorce? How do you make good, educated and unemotional decisions in an incredibly emotional environment? Here are 4 areas to consider when going through a divorce: Division of Assets, Division of Debts, Children, and Spousal Support (Alimony).
Before claiming social security there are some things you should know. When do you meet your full retirement age because that impacts how much you collect. Take a look at your longevity, your Cost of Living Adjustments (COLA) and your spousal benefits. Lastly, keep in mind that there may be taxes and penalties that come with claiming too soon. We realize that this is a complex subject and encourage you to work with a financial planner, CFP® or ChFC® who is proficient in retirement planning.