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December 2017 Archives

Social Security and divorce

When New Jersey couples get a divorce, if they have been married for at least 10 years, one person might be able to draw on the other person's earnings record for Social Security payments after retirement. The payments can actually start when the people are 62 although the benefits will be higher if they wait until the full retirement age of 67.

Dividing IRAs during divorce requires special attention

People in New Jersey facing the end of their marriages are already dealing with the emotional and psychological fallout of divorce. Of course, another aspect of divorce is also the financial aspect: dividing assets and debts and dealing with the distribution of various types of property. From real estate to retirement savings, all kinds of financial assets and investments are subject to property division during divorce.