Getting divorced can be difficult no matter a person's age or the length of the marriage. However, couples who are closer to retirement may have to deal with issues that are specific to their ages and unique circumstances. Specifically, how to secure financial stability for retirement after a divorce is often a central focus in these situations.
Deciding to end a marriage might feel easy enough -- a couple files, divides up their assets and then they are done. However, taking a casual approach to divorce can ultimately lead to disaster. Here are a few things that West Virginia couples may want to keep in mind during a divorce.
Finding love after a divorce can be a truly wonderful experience. However, as most people already know, retirement can take a hard hit during that first divorce, sometimes making it feel more difficult for that second marriage to truly succeed. In order to fully protect retirement, West Virginia couples should consider addressing retirement savings, marital assets and property division in a prenuptial agreement before walking down the aisle.
Young adults are often told they must work and save with one, final goal in mind -- retirement. Most West Virginia workers dutifully contribute to employer-provided retirement savings accounts and some even establish their own. People spend decades of their lives saving for the period of time in which they will be able to sit back and just relax. But what happens when divorce throws a wrench in your retirement plans?