Divorce Can Alter Retirement Plans Significantly – Divorce Attorney Portland

July 18th, 2014

Divorce is a tough road to travel for just about anyone. It can affect people in so many ways and for many years after it is finalized. One of the most common ways people are affected by divorce is financially. Plus, not only can divorce affect people’s immediate financial situation, it also has the potential to affect them for many years down the road.

According to recent statistics from the National Center for Family and Marriage Research at Bowling Green State University, the divorce rate has doubled since 1990 among people who are 50 or older. The numbers are expected to rise. In fact, by some estimates, there will be 800,000 divorces among people 50 or older by the year 2030.

One of the biggest areas in which these people are affected is their retirement plan. For those depending on their retirement for future financial stability, a divorce has the potential to change things significantly. Therefore, its’ important to be prepared to protect your retirement funds and fight for your fair share.

If you need help with your divorce settlement, including protecting your retirement funds, then you need to contact a divorce attorney in Portland you can trust. Contact Ronald Johnston Family Law today at 503-226-7986.

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