Women’s household income drops 41% after divorce.71/3
On average, divorced women have 1/3 the balance in retirement savings as a divorced man.8
27% of women fall into poverty after divorce (almost 3x more than men do)9
You have probably heard that 50% of marriages end in divorce, but there are some bigger, more important stats that matter here. Did you know that:
women’s household income drops 41% after divorce (which is twice as much as men)
divorced women have 1/3 the retirement savings as divorced men
27% of women fall into poverty after divorce (almost 3x more than men do)
The cost of making a financial mistake is too high to not have a professional guide you through these difficult times – WeRise is here for you.
WeRise Divorce planning Strategy
Marriage nearly always entails some mixing of finances.
During the divorce process, how the retirement & investment assets are divided can dramatically de-rail your savings efforts. With additional factors such as legal costs, managing healthcare, parenting costs and marital debt to navigate, it can feel like a minefield. We’ve got your back. We know how to help you successfully move through these challenges and help you confidently set out into a future of new possibilities. Depending on where you are in the process when we meet you, we take the following approaches…
We prepare you for the realities of the process and ensure you step into a sound financial position as quickly as possible once the divorce is complete.
We work alongside your divorce attorney and build a plan that factors in your unique divorce circumstances. We tailor a strategy that complements the legal advice of your attorney to give you the best financial options, possible.
We create solutions that maximize the financial outcome of your divorce and reverse-engineer the process, so you can get back on track to meet your goals.
7-9: -Pew research center financial challenges women face during a divorce 2017