Last month, I wrote about a survey in which the Employee Benefit Research Institute interviewed retirees on how satisfied they are with their financial situation in retirement. Among the respondents, those who were separated or divorced were least satisfied with their financial well-being.
That’s not surprising when you consider that after divorce, “income drops for the vast majority of people,” says Stacy Francis, CEO of Francis Financial, in New York City. That’s especially true for women who were not the primary breadwinners in their households or had spent years out of the workforce.
