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It is often said that “half of marriages end in divorce.” The truth is that divorce rates have declined over the last ten years (1). Whether you choose to stay married or divorce, the amount of couples getting divorced is still staggering and it can happen to any of us. Divorce is far reaching, often affecting more than just the two people involved and their possessions. Family, friendships, children, businesses, real estate, income, assets, and retirement are a few things on that very long list.

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.