July 2018 – Divorce is nearly as destructive a factor to retirements as the 2008 Great Recession was (according to a new study from Boston College’s Center for Retirement Research). From legal fees to higher housing costs and living expenses, not to mention new child and/or spousal support payments, divorce can quickly drain retirement savings. This coupled with the division of assets and pensions can radically changes retirement plans and expectations. Working with a professional CFP can help both parties come to terms with their new normal and develop strategies to rebuild the money they need to retire.
Divorce’s destruction of Retirement plans
by Heidi Pullem | Aug 10, 2018 | Tips