Share:

Divorce Can Devastate Women’s Retirement Savings. Here’s How To Rebuild.

Subscribe

Via Email:    
Dec 07, 2021

Surviving the financial devastation and change that a divorce can bring is problematic for most people going through a divorce; setting aside the cost of actually getting divorced, splitting up assets that were designed to support two people and now have to support two people separately...it can all be extremely devastating and challenging. 

This impact can also be magnified when dealing with someone who is at an age that is closer to retirement when the majority of their earning capacity is in the past.  This is even more dramatic for women, since pay scales have never been equalized and women do not and have not had equal earning capacities of men. 

Women are also not only impacted by the wage difference; they historically have been the party to take time from work and career to raise children.  In addition, divorced women are more likely to have and bear the majority of costs for their children. 

This article takes a look at those issues as well as insights on how women can start to rebuild their retirement savings after a divorce.

Selected excerpt(s) and linked article courtesy of Carmen Reinicke @ CNBC (dot) com
Royalty-free photo courtesy of UnSplash

Concetta Spirio.  A Compassionate Collaborative Divorce Attorney, Mediator & Peacemaker Providing The Highest Level of Legal Representation For Over 34 Years.

#Concetta #ConcettaSpirio #ConcettaLaw #SpirioLaw #Marriage #Divorce #RealEstate #Litigation #Wills #Trusts #Estates #Mediation #CollaborativeDivorce #LongIsland #Suffolk #Nassau #Islip #Sayville #LGBT