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The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]
For Reserve military officers, a retention benefit program was implemented providing possible early retirement if certain types of duty is done after January 28, 2008. This benefit does not cause the amount of retirement checks to increase, but it can cause an increase to the number of retirement checks to be paid prior to age 60.
For those collecting spousal or divorce benefits, the 2.5% COLA likely won't have a significant effect on benefits. The average spouse of a retired worker collects around $909 per month from ...
If you file for benefits at full retirement age, you will receive half of your ex-spouse’s retirement amount or disability benefit. If you decide to file earlier, your benefit will be reduced.
To receive the maximum spousal or divorce benefit, you'll need to wait until your own full retirement age to file. This is age 67 for everyone born in 1960 or later, or between ages 66 and 67 for ...
Applying for and receiving spousal benefits is a great way to boost your own Social Security monthly benefit -- sometimes by as much as $800. Even if you never worked, you're eligible for Social...
The general rule in § 1041(a) is that no gain or loss shall be recognized on a transfer of property from an individual to a spouse; [1] or a transfer of property to a former spouse if the transfer is incident to the divorce. This rule also applies on a transfer of property from a trust for the benefit of a spouse or former spouse if the ...
If you get married or divorced later in life, maximizing your spousal or divorce benefits could help you enjoy a more financially secure retirement. The $ 22,924 Social Security bonus most ...