Women, Divorce and Retirement: Homeless, yet Hopeful after Financial Loss

By Mary Helen Gillespie

“Rose,” 60, from Indiana shares a bleak view of her retirement situation but some encouraging words for others.

Does your divorce have a financial impact on your retirement plan?

Yes.

Have you hired a financial advisor, CPA, or other financial professional to help you plan for your retirement needs during your divorce?

No.

Was your divorce attorney worried about your retirement savings? Did the divorce go to trial?

No.

How would you describe the quality of your financial life after divorce?

I am homeless.

What other information would you like to share with women in a similar situation?

Don’t give up even when it’s hard: you are important!

*************************************


Join us for a free webinar – Women, Divorce & Retirement: Create Your Own Financial Plan


Retirement Daily shared Rose’s story with Theresa A. Harezlak, CFP®, CDFA®, is a financial advisor with Savant Wealth Management in Rockford, Illinois. Here are his thoughts for Rose and other women facing similar issues.

Source

Leave a Reply

Your email address will not be published.