Outlook Money
When divorce happens after retirement, individuals have to plan everything from scratch financially.
Before going ahead with a divorce decision, the couple should consult a marriage counsellor and try to find a way to avoid the break-up.
It is vital for the separating individuals to secure their financial interests.
Avoid from case getting into an uglier fight by opting for a separation with mutual consent.
If you have to give compensation to your wife, ensure you have a list of your assets and income documents ready.
You need to realign your retirement plan in sync with changes in your retirement goals and available retirement corpus.
Compiled By Himani Verma