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Posts tagged "social security retirement benefits"

The Timing of Your Massachusetts Divorce Could Impact Your Social Security Benefit

Social Security 3.jpgThe Social Security system permits a divorced person in Massachusetts who is eligible for social security benefits to receive the greater of (a) a calculation based on 100% of his/her earned benefit amount, or (b) provided the parties were married for at least ten years, the claimant has not remarried, and the spouse is at least 62 years old, a calculation based on 50% of his/her ex-spouse's earned benefit amount.

Gray Divorce: A Financial Double Whammy For Women in Massachusetts

Divorce 4.jpgEven while divorce rates in Massachusetts are declining overall, the divorce rate is actually on the rise among people over 50 years of age. The phenomenon is so common it has its own name - and the "gray divorce" rate actually doubled between 1990 and 2010. 

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