Divorce and Planning Beyond the Present
Divorce can bring about many concerns that were not previously top of mind, including retirement planning. For example, when faced with divorce, a partner who has stayed at home to raise a child might be concerned that their future Social Security payments will be significantly lower than their spouse’s.
Before agreeing to a proposed division of property and debts, it is generally a very good idea to seek the advice of a certified divorce financial planner to evaluate options in a divorce to make sure that you’re looking at the long-term projections and what you may need for retirement. In the meantime, find out more about common retirement assumptions here.