Divorce can be tough emotionally, physically and financially even when it’s done amicably. You’re losing a person you once loved, splitting your family and assets, not to mention an income source from the home is gone.
The changes in your finances and lifestyle after you and your spouse stop living together can be overwhelming. Divorce doesn’t make things simple, but if you allow yourself to separate emotions so that you can plan for you and your family’s future, in time you’ll have less regret.
Divorce is almost never an easy thing, regardless of who initiated it. Even in a “friendly” divorce there are still a lot of things to hash out, and one of the things that is easy to overlook is how a divorce will effect a women’s financial situation after retirement.
If you are contemplating or currently going through a separation or divorce, money is probably one of your greatest concerns. Even if you were not the spouse responsible for the finances in your marriage – money, assets, debts and liabilities are probably now at the top of your mind.