Divorce and Social Security: It’s Complicated

Social Security benefits for a divorced spouse may seem like a misnomer, but long pieces of legislation have been written into law to provide for divorcees. Benefits can be claimed based on the income history of the highest earning spouse if certain conditions are met. This can be a lifeline if you were the lower-earner […]

How the Social Security Windfall Elimination Provision (WEP) Impacts Pension Payments

Social Security was established in 1935 as part of President Roosevelt’s ‘New Deal’. The program provided relief from poverty for tens of thousands of seniors and continues today as one of the nation’s most significant social insurance programs. About 96% of all Americans are now covered by Social Security according to figures from the Government […]

What it Actually Means to Claim Social Security for Early Retirement

Social Security Early Retirement

The decision on when to claim social security is complicated enough when retirement comes at the normal retirement age. You’ll need to think about health conditions, personal preferences, spousal benefits, and of course, your social security benefit amount. But when your goal is to leave the rat race as soon as possible, you add another […]