Don’t Let Divorce Ruin Your Finances
Divorce is an emotional trial — but it’s also a financial one.
According to a 2012 report by the U.S. Government Accountability Office, divorce or separation led to a 41% drop in income for women and a 23% drop for men.
Though data from the Centers for Disease Control and Prevention show that the divorce rate has been trending down, most people need only look around their social circle to see that splits are still a common fate. It’s a life-changing event, but it doesn’t have to ruin your finances — or your retirement. Here’s how to protect your financial future if your knot comes untied.
If you are going through a divorce and need experienced guidance, check out New Jersey divorce lawyer Brian Freeman’s divorce guide, Changing Course: Guide to Divorce in New Jersey to help answer the immediate questions you may be facing.