Divorce and Public Pensions
Posted by Carlie Berke, CDFA®
October 25, 2018
Did you know that if you are the non-public employee and you receive a portion of your spouse’s public pension in a divorce, that pension will not reduce your social security benefits?
However, the reverse is not true. The public employee spouse that did not contribute to social security will receive reduced divorced spouse social security benefits. What does this mean when considering different divorce settlement options?
Contact me to explore whether other options may be available to optimize the allocation of retirement assets.
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You may need to work with a team of people willing to help you as you navigate the many many transitions that your divorce will require.
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The divorce rate has doubled for adults fifty and higher in the last 25 years. Understanding the process and how to navigate your emotions will save you personal stress and money. See which presentation is best for you. Statistic Source: Pew Research Center
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