divorce

Women, divorce and retirement: Divorce puts retirement on hold – permanently

Women, divorce and retirement: Divorce puts retirement on hold – permanently

By Mary Helen Gillespie ‘Shannon’, 61, from New Hampshire, describes the financial lessons learned after her 33-year marriage ended. What was the financial impact of your divorce on your retirement plans? Drastically. I don’t really have any retirement plans. Did you hire a financial advisor, CPA or other financial professional to help you plan for …

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PERSONAL FINANCES: Saving for retirement in case of divorce later in life

PERSONAL FINANCES: Saving for retirement in case of divorce later in life

Ending a marriage can be emotional and challenging at any age, even if both parties agree it’s the right decision. When couples over 50 divorce, they are often faced with the additional task of supporting two separate retirement plans using the assets intended for their combined nest egg. If you find yourself in this situation, …

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