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Social Security Planner for Divorcing Couples

People who are close to retirement age and are going through divorce should learn about their Social Security benefits. If a couple had been married for a period of greater than ten years, each of the spouses will be eligible to receive Social Security benefits on either their own or a percentage of their spouses’ eligible benefits, depending on their own retirement age. The Social Security Administration’s web site http://www.socialsecurity.gov/ offers very useful information. You will be able to estimate your life expectancy and benefits, consequences of early or delayed retirement, how postretirement earnings affect benefits as well as spouse/survivor benefits.