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Understanding Social Security in a “Gray Divorce” Situation

Brian Loy, CFA, CFP offers advice to those entering a “gray divorce” situation in a post on the Reno Gazette Journal. “Gray divorce,” of course, is the popular term used to describe marital break-ups involving folks age 50 and over, and it’s a situation becoming more and more common as the population ages. Loy provides a recap of considerations for dividing assets, and also underscores the importance of being well-versed in the Social Security benefits available to ex-spouses. Loy’s material here is an important primer on the subject, and he sums it all up with this statement, “For many, divorce is a fresh start and it can be a time of recovery — but it can introduce new stresses without proper planning.” Read Loy’s post here...

Being knowledgeable can help reduce this stress, and it’s also good to know that help is available through the AMAC Foundation’s Social Security Advisory Service, a free-to-the-public service featuring a staff of trained and NSSA-accredited advisors. Learn more about this free service here…

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