Divorced Spouses Have an Advantage When It Comes to Social Security Benefits

Most people think of retirement benefits when they hear the words Social Security. And, of course, Social Security does provide benefits to millions of retirees based on their work history. These benefits are intended to replace 40% or so of income, and to support you in your later years.There are other kinds of benefits available, too, though, including spousal benefits. If you earned less than your spouse throughout your respective careers, these benefits could be invaluable, as they could help to ensure you have financial security during your own retirement.Spousal benefits are obviously available if you are married. But they are also available in some cases after a divorce. And, when they are available after a divorce, the person who is collecting them actually has a big advantage over someone who is still married. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool