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Gray Divorce: Understanding the Importance of Updating Records - Yahoo Finance
With four in ten divorces these days involving people aged 50 and over, Social Security records play a prominent role in future finances for those affected. For this reason, the often-overlooked need to ensure that the link between the Social Security number and name is updated as part of the process. Yahoo Finance Senior Columnist Kerry Hannon, in a post on their website, provides a recap of the importance of this critical post-divorce step, and outlines the implications of not keeping the name-number kink intact. Her post also includes directions on how to ensure correct tracking of earnings recrods and future benefit determinations.
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