20 Financial Tips for Retired Married Couples

7. Think Twice about Divorce

For those who are happily married heading into retirement, divorce is not recommended to be a major part of discussing the retirement plan. For those leaning in that direction; however, taking a hard look at what the financial impact is going to be if getting divorced is critical. In most cases, all retirement assets will be looked upon as assets that the judge will look at splitting to include retirement plans. Depending on the circumstances, one of the individuals may be entitle to either spousal support or Social Security benefits based on the ex-spouse’s work history. In many cases, the financial impact may cause one or both members of the marriage to delay retiring altogether until more money can be made to make up for the financial hit of getting divorced.