Social Security Benefits Changes Impact Retirees' Monthly Checks

Written By: Anushka

Impact

Retirees' monthly Social Security checks will be affected due to new changes announced by the Social Security Administration.

Alimony

Alimony agreements will now regard Social Security benefits as income, potentially altering spousal support calculations.

Guidelines

States have different laws for alimony, but generally, courts will now include Social Security benefits when determining alimony.

Temporary

Temporary alimony can be awarded early in the divorce process, with Social Security benefits now included in these calculations.

Earning

Alimony compensates for diminished earning capacity, now factoring in Social Security benefits for one spouse.

History

Previously, alimony was granted to support the lower-earning spouse, not considering Social Security benefits as income.

Law

Federal statutes state Social Security benefits are non-transferable, but new rulings allow them to be counted as income.

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