A financial planner says the most ‘financially disastrous’ consequence of divorce happens years in the future: retirement
|01/25/2020||Posted by BusinessMediaguide.Com under General World News||
- Retirement savings are often destroyed by divorce — retirement accounts can be considered marriage property instead of personal property, and divided between two ex-spouses.
- Divorced households are seven percentage points more likely not to have enough money for retirement, according to research from Boston College’s Center for Retirement Research.
- To start understanding where your retirement savings stand after a divorce, a financial planner advises taking a look at your finances, and working with a financial planner to catch up on savings post-divorce.
- SmartAsset’s free tool can find a financial adviser to help you plan for read more >>>