June 30, 2018

Divorced in Retirement? 20 Ways to Maintain Your Financial Independence

17. Factor in Alimony, If Applicable

Divorce after retirement can cause many financial changes, especially when it comes to alimony. Alimony is a court-ordered payment from one former spouse to another. But law regarding alimony payments after retirement vary from state to state.

In some cases, a former spouse is no longer liable for alimony payments after reaching full retirement age. Because laws vary and can get complicated, if you’re either the payer or the recipient of alimony, you might want to consult with a lawyer if you are divorced in retirement.

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