When people marry, they pledge to be together forever. Unfortunately, this is not always the case. No one likes the idea of going through a divorce, but some circumstances make it nearly impossible for people to stay with each other. The decision to end a marriage, however, is almost always an emotional and legally complicated matter. Therefore, we have put together answers to some of the most commonly asked questions about divorce.
The costs of divorce can be huge and far reaching. When you’re younger, divorce can negatively impact children, and everyone in the family can have a tough time picking up the pieces. When you’re older, divorce can be a blow to retirement plans, and you might even find yourself retiring later or looking for a part-time job to supplement your income. Even if you’ve planned well for retirement, chances are you never planned on getting divorced in midlife or beyond. Questions arise regarding divorce pension rights, dividing retirement assets, and more. If you find yourself single now that you’re headed toward retirement, it’s vital that you regroup, reorganize, and rethink your finances in order to better plan for the reality of your new single life.