For many Alabama spouses, one of the most pressing concerns about ending their marriages involves how their decisions will impact retirement plans. This is an understandable concern, as statistics show that divorce can have a number of consequences for an individual's ability to retire as planned. Understanding how the financial aspects of a divorce may play out in the years to come can help spouses make wise financial decisions during and after divorce.
For many Alabama spouses, the timeframe leading up to a divorce is one filled with planning. Taking a proactive approach to structuring one's post-divorce life can make a world of difference in the months and years to follow and is a great idea. When making preparations, however, it is important to avoid taking any financial action that could be interpreted as depleting marital wealth.