Divorce’s destruction of Retirement plans

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.